Ponzi
The Australian blockchain entrepreneur Sam Lee has been charged with conspiracy to commit fraud in the US for his alleged role in operating the HyperVerse crypto investment schemes, described in court documents as a “pyramid and Ponzi scheme” alleged to have defrauded investors of US$1.89bn (A$2.86bn). The US attorney for the district of Maryland, Erek […]
In an elaborate Ponzi scheme that lasted nearly two years, two British men persuaded investors to put up nearly $100 million in loans to wealthy wine collectors, according to federal prosecutors. But those collectors never existed, prosecutors said, and neither did the extensive reserves of valuable wine that the men promised would secure the loans. […]
Comment on this story Comment We are in an age where investors are duped into believing they can become millionaires by sinking their money into cryptocurrency-related companies or platforms. Scammers are capitalizing on the crypto . . .
WASHINGTON, April 15 (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Friday announced charges and an asset freeze against several Las Vegas-area individuals and companies allegedly behind a nearly $450 million Ponzi scheme. In a complaint filed in U.S. District Court in Las Vegas, the SEC said attorney Matthew Beasley, as well as […]
-
Pages