The Federal Trade Commission will send 1,064 checks totaling over $542,000 to consumers harmed by a fake investment scheme, an agency press release said Wednesday (June 1). Called the Digital Income System, the scam told consumers that if they sold memberships in the defendants’ programs,...
As bitcoin hovers around $9,100, as Libra may (or may not) give the marquee cryptocurrency a run for its virtual money, it’s worth noting what lies behind the wild price swings — especially the ones that have ramped prices from sub $4,000 levels in short...
OneCoin has sent a letter to the press denying that it is a “hybrid Ponzi-pyramid scheme” and scam. In March, United States prosecutors announced criminal charges against the leaders of OneCoin: Konstantin Ignatov, 33, and his sister Ruja Ignatova, 38, known as the “Cryptoqueen.” Prosecutors...
United States prosecutors are bringing criminal charges against the leaders of OneCoin, a cryptocurrency, alleging they were operating a pyramid scheme worth in the multi-billions, when selling the currency. The accused are the man who runs OneCoin Ltd, Konstantin Ignatov, 33, and his sister Ruja...
October 09, 2022
Binance Holdings founder and CEO Zhao “CZ” Changpeng has said the exchange could spend over $1 billion on acquisitions and investments, even in spite of the ongoing crypto winter, Bloomberg wrote. Binance has thus far committed $325 million to 67 projects this year, compared with $140 million for 73 projects last year. It also doesn’t […]
June 01, 2022
The Federal Trade Commission will send 1,064 checks totaling over $542,000 to consumers harmed by a fake investment scheme, an agency press release said Wednesday (June 1). Called the Digital...
May 20, 2019
OneCoin has sent a letter to the press denying that it is a “hybrid Ponzi-pyramid scheme” and scam. In March, United States prosecutors announced criminal charges against the leaders of...
March 08, 2019
United States prosecutors are bringing criminal charges against the leaders of OneCoin, a cryptocurrency, alleging they were operating a pyramid scheme worth in the multi-billions, when selling the currency. The...
