India authorities said they have raided a cryptocurrency mining operation that was allegedly funded with proceeds of bits2btc Ponzi scheme. The mine is a 4,000 square foot complex in Dehradun. Owners of the mines are said to be Kamal Singh, and Vijay Kumar who was arrested by Indian authorities for […]
There seems to be a major confusion within the OneCoin community and in particular, the underbelly of Pakistan’s Ponzi scheme industry as the government has started a crackdown on the promoters. Media reports in the country say agents of the Federal Investigative Agency Cyber Crime have arrested promoters of OneCoin, […]
The US Federal Trade Commission has raised a scam alerts Bitcoin Funding Team and My7Network, two cryptocurrency Ponzi schemes. In an email message sent out by the FTC, said Bitcoin Funding Team and My7Network required people to use bitcoin or Litecoin to pay for the right to recruit others into […]
The top financial regulator in Dubai, the Dubai Financial Services Authority (DFSA) has warned the general public that scammers are impersonating Rasmala Investment Bank. The DFSA has raised the alarm to the financial services community and the public of a scam in which the scammers falsely claim to be an […]
After the collapse of the whole baloney, BitConnect might be on another mission to screw its investors over and over again. The now-exposed Ponzi scheme is trying to carry out another initial coin offering, ICO, after it stopped all lending and trading activities. In case you have not been following […]
There are very many reasons you will want to invest in Bitconnect. The reasons are not far-farfetched. But just so you know, you might just be getting into a Ponzi scheme that you might regret getting into soon. For many months on ending, Bitconnect has seen a surge in its […]
It appears Pierre Arens, CEO of OneCoin, the largest pseudo-digital currency scam has finally thrown in the towel. Latest reports indicated that Pierre Arens has resigned his appointment as the chief executive of OneCoin after he complained in an exit message that: “a lack of leeway as a leader”. “To […]
With the rise in the value of Bitcoin, Stratxis, a Bitcoin Ponzi scheme has surfaced with the promise of giving its investors at least 6% daily on their Bitcoin investment. There is no information as to who owns or run the scheme. On the ‘about us’ page, Stratxis said: “is […]
Another Bitcoin scam has landed on the Nigerian Internet space. If things go as planned, owners of Boonbuy Network Bitcoin Ponzi will have another ‘home run’ like its predecessors that wrecked millions. However, for all it is worth, owners of Boonbuy Network aka BBN will make you believe they are […]
In the midsts of its turpsy-turvy future, OneCoin has appointed Jean Pierre Arens as its new global CEO. There is no concrete information about the background of Jean Pierre Arens. However, sources to the scheme suggest that he seems to have been in the system for a while. He was […]