Search Results for: "Ponzi scheme"
The Fall of FTX is Similar to the Theranos and Bernie Madoff Debacles, says a Former SEC Official
The collapse of the cryptocurrency exchange FTX has sparked numerous comparisons to the fall of Lehman Brothers, which…
By – Rochdi Rais
Nobel Laureate Paul Krugman’s Top 12 Quotes About Bitcoin
Noble laureate Paul Krugman has been vocal about hating bitcoin and other cryptocurrencies, describing them as useless, wasteful,…
By – Rochdi Rais
CFTC wins $32 million judgment against Circle Society, its owner David Gilbert Saffron for committing cryptocurrency fraud
The Commodity Futures Trading Commission (CFTC) won its case against Circle Society, its owner David Gilbert Saffron for…
By – Marivic Cabural Summers
Scammer Lawrence Schmidt Extradited to the U.S. to face investment fraud charges
Scammer Lawrence Schmidt, the chief executive of Commercial Equity Partners, FutureGen Company, and other investment entities has been…
By – Marivic Cabural Summers
Payza founders sentenced to prison for breaking federal money transmission laws
MH Pillars (doing business as Payza) founders, Canadian brothers Firoz and Ferhan Patel are going to spend time in…
By – Jackie Allen
BitClub Network cryptocurrency mining scam co-conspirator pleaded guilty
Joseph Frank Abel, one of the co-conspirators in the BitClub Network cryptocurrency mining scam, admitted his involvement in…
By – Marivic Cabural Summers
Dean Alford still faces criminal charges, civil suits
After decades of public service, legal woes continue to mount for former Georgia state legislature and former member…
By – Jackie Allen
SEC revokes registration of investment adviser engaged in $60 million securities fraud
The Securities and Exchange Commission (SEC) decided to revoke the registration of an investment adviser allegedly engaged in…
By – Marivic Cabural Summers
DOJ creates strike force to crack down foreign-based scammers targeting American seniors
The U.S. Department of Justice (DOJ) created an international strike force to crack down foreign-based scammers targeting American…
By – Catherine Davis
Unregistered Brokers Charged by SEC with Selling Securities to Non-Accredited Investors
Unlawful Securities Sale The Securities and Exchange Commission charged four companies and five individuals for unlawfully selling securities…
By – Peter Moreno