All posts tagged "Ponzi Scheme"
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203AML / KYCUS SEC Charges 11 Over Crypto Pyramid and Ponzi Scheme
Forsage investors earned profits by recruiting others into the scheme, which used assets from new investors to pay earlier investors.
August 4, 2022 -
440Capital / LiquidityCrypto Firm Celsius Network Accused of Running Ponzi Scheme
A lawsuit filed by a former Celsius money manager says the company mismanaged customer funds, failed to perform basic internal auditing, and manipulated crypto-assets.
July 13, 2022 -
473Crypto / Digital AssetsUS DOJ Files Charges Against Six Individuals Over Crypto Frauds
Criminal charges were filed in four separate cases of alleged crypto-related fraud, including the largest known NFT scheme charged to date.
July 4, 2022 -
393Australia & NZNew Zealand Probes Fake Crypto Firm Over Missing Funds
A company called Quwiex Limited disappeared with investor funds after saying its website was deactivated for an upgrade.
May 26, 2022 -
639AML / KYCBitConnect Founder Indicted for Running Crypto Ponzi Scheme
BitConnect founder Satish Kumbhani and his co-conspirators obtained fraudulent gains from investors amounting to about USD 2.4 billion.
March 1, 2022 -
602EnforcementKorea FSS Punishes 3 Brokerages Over Lime Asset Mis-selling
Shinhan Investment and KB Securities were ordered to suspend parts of their operations for six months. Daishin Securities was ordered to close a branch.
November 16, 2021 -
348EnforcementKorea: Daishin Securities Ordered to Compensate Lime Investors
Daishin Securities is asked to compensate investors up to 80% of losses after it missold funds managed by Lime Asset Management.
August 3, 2021 -
375EnforcementFSS Korea Orders Woori, IBK to Compensate Lime Investors
The FSS will encourage banks and securities firms that sold frozen Lime funds to voluntarily settle disputes with other investors based rates set at the ruling.
February 25, 2021 -
549Enforcement
Seoul Court Jails Daishin Securities Executive Over Fund Losses
The FSC has also revoked the registration of Lime Asset Management, imposed a 950mn won fine against the firm and ordered the suspension of its staff and executive personnel.
December 7, 2020 -
730Australia & NZ
Australian Police Charge Ex-Promoter of Failed Crypto Platform
The former BitConnect promoter is said to have operated an unregistered managed investment scheme and provided unlicensed financial advice.
November 20, 2020
