Ponzi
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Scams
Wells Fargo Accused of ‘Aiding and Abetting’ Alleged $300,000,000 Ponzi Scheme With More Than 1,000 Victims: Report
A new lawsuit accuses Wells Fargo of monitoring “both sides” of an alleged $300 million Ponzi scheme and doing nothing…
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Scams
US DOJ Indicts Manhattan Man on Fraud Charges Related to $43,000,000 Fake Crypto Ponzi Scheme
The U.S. Department of Justice (DOJ) has just announced the indictment of a New York man who allegedly ran a…
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Scams
Alleged $300,000,000 Crypto Ponzi Scheme in Texas Targeted by SEC As 17 Individuals Face Charges
US authorities have charged 17 people for their alleged involvement in a multi-million-dollar crypto Ponzi scheme. In a new press…
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Scams
DOJ Charges Founder and Top Promoters of Alleged $1,890,000,000 Crypto Ponzi Scheme That Promised High Returns
The U.S. Department of Justice (DOJ) has slapped three individuals with criminal charges related to their alleged involvement in a…
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Altcoins
Mastermind Behind Massive Crypto Ponzi Scheme AirBit Club Receives 12-Year Prison Sentence
In a landmark verdict, Pablo Renato Rodriguez, the co-founder of AirBit Club, has been sentenced to 12 years in prison…
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Regulation
Gary Gensler Says Crypto Industry Teeming With Hucksters, Fraudsters, and Ponzi Schemes: Report
The Chair of the U.S. Securities and Exchange Commission (SEC) is doubling down on his harsh stance on crypto as…
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Scams
Republican Senator John Kennedy Calls Banks Sophisticated Ponzi Schemes
A Republican senator says that advancements in technology is exposing the fragility of the US banking system. In a new…
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