The scheme targeted individuals across various regions of India, encouraging them to invest in a fraudulent crypto token known as STA.
August 9, 2023Husband and wife are expected to be in prison for 20 years each, because of a law that limits total jail time.
May 16, 2023The payout amounts to about 13 percent of the value of creditor claims filed against QuadrigaCX, which was found to be a Ponzi scheme and a fraud.
May 16, 2023The FSC is investigating five banks that dealt with the P2P lending platform, which was operated as a Ponzi scheme and stole an estimated $81.6mn from investors.
May 5, 2023The CFTC ordered the operator of a fraudulent multilevel marketing scheme to pay a $1.7bn penalty and a further $1.7bn in restitution.
May 1, 2023BKCoin and one of its co-founders commingled client money and used some make "Ponzi-like payments" to other investors.
March 8, 2023Toronto-Dominion Bank, HSBC Holdings, Independent Bank Group, Societe Generale and Trustmark Corp agreed to pay a combined USD 1.6 billion.
March 1, 2023The charges include one count of conspiracy to commit wire fraud for each of the four defendants, who were among the 11 charged by the SEC last year.
February 24, 2023Celsius, now in bankruptcy, used customer funds to prop up the price of its own token for years, including to allow insiders to cash out.
February 2, 2023BitConnect was an online crypto lending platform that collapsed in 2018, causing investor losses estimated at over USD 2.4 billion.
January 17, 2023