It might be an end of the road for three Swissgolden promoters as Nigeria’s anti-graft police has just arrested and detained for alleged fraud. Swissgolden is a Ponzi scheme that claims to allow their customers invest and buy gold bars. PageOne.ng has done an extensive review on the programme and […]
The SEC’s Office of Investor Education and Advocacy (OIEA) and Retail Strategy Task Force are warning investors about Ponzi schemes that prey on senior investors. In a recent release, the SEC noted that many seniors have spent years saving and investing, which is a great way to achieve financial security […]
BaFin, Germany top financial regulator said it is raising an alert over buy recommendations on the shares of Goldex Resources Corp. The financial regulator said in a terse statement that: “According to information available to the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin), buy recommendations are currently being […]
The menace of fraudulent initial coin offerings seems to be larger than we think. Prodeum, an elaborate ICO that raised over 60 million from investors has disappeared. It turns out that Prodeum is a baloney and a mere scam orchestrated to raise money fraudulently and then disappears. Owners of the […]
Hundreds and if not thousands of token investors are counting their losses as Benebit, an initial coin offering has turned out to be an outright scam. Owners of the scam have immediately taken to their heels making away with at least $2.4 million and perhaps up to 4 million, according […]
At the end of the day, the ‘chicken might have come home to roost’ for OneCoin, one of the world’s largest Ponzi scheme that pretended to be a cryptocurrency. Authorities in Bulgaria, the home country of Dr. Ruja Ignatova, founder of OneCoin Ponzi scheme have in the last few days […]
A Mahoning County judge, Diane Vettori-Caraballo was charged in federal court with stealing at least USD96,200 from a former client, said U.S. Attorney Justin E. Herdman and FBI Special Agent in Charge Stephen D. Anthony. The 49 year-old of Youngstown, was charged via criminal information with one count of fraud, […]
If all goes by their plan, Sergey Mavrodi and his lieutenants must have floated another ICO scam called the Mavro ICO. For those who are not familiar with Sergey Mavrodi, he is the ‘cult-like’ figure who founded one of the biggest Ponzi scams in the world called MMM Global. From […]
There seems to be no end to the deluge of drama and intrigues surrounding OneCoin. The popular Ponzi scheme has demoted Kari Wahlroos, one of its principal officers. Kari Wahlroos was one of the ‘shining lights’ of the controversial Ponzi scheme, OneCoin. A pseudo-digital currency that collects fiat currencies from […]
Bittrex, one of the largest digital currency exchange has raised alarm over pump and dump coins that are being peddled on its exchange. In a statement by Bittrex, the digital currency exchange warned that many altcoins and new coins recently out of ICOs are pushed on the platform through the […]