Pyramid scheme, Multi-level marketing, Charles Ponzi, Fraud, Ponzi scheme, Confidence trick

Self-Help Firm That Mostly Took Bitcoin as Payment Mostly Just Helped Itself, SEC Charges

On Sep 2, 2020
@CoinDesk shared
The SEC has charged operators of the self-help company Mindset 24 with running a "classic ponzi scheme." @realDannyNelson reports https://t.co/A2npdg9U1L
Open

Ninety-two percent of Mindset 24 investors allegedly lost some of their funds. They'd paid in over a million dollars - mostly in bitcoin.

www.coindesk.com
On Sep 2, 2020
@CoinDesk shared
The SEC has charged operators of the self-help company Mindset 24 with running a "classic ponzi scheme." @realDannyNelson reports https://t.co/A2npdg9U1L
Open

Self-Help Firm That Mostly Took Bitcoin as Payment Mostly Just Helped Itself, SEC Charges

Self-Help Firm That Mostly Took Bitcoin as Payment Mostly Just Helped Itself, SEC Charges

Ninety-two percent of Mindset 24 investors allegedly lost some of their funds. They'd paid in over a million dollars - mostly in bitcoin.

Three Charged in $722 Crypto Ponzi Scheme

Three Charged in $722 Crypto Ponzi Scheme

Three Charged in $722 Crypto Ponzi Scheme. Men allegedly defrauded investors in currency mining operation

Pyramid Schemes

Pyramid Schemes

Postal Inspection Service, prosecutes pyramid schemes criminally for mail fraud, securities fraud, tax fraud, and money laundering. (11) At the Commission, we bring cases against pyramid ...

Chinese Police Take Down $6 Billion Plustoken Ponzi, Arrest 109 People

Chinese Police Take Down $6 Billion Plustoken Ponzi, Arrest 109 People

Chinese authorities have reportedly arrested 109 people in connection with the Plustoken Ponzi scheme. Twenty-seven of them are allegedly the scheme's masterminds and 82 are key members. ...

Kenya: Elusive Justice as Kenyans Continue to Lose Billions in Pyramid Schemes

Kenya: Elusive Justice as Kenyans Continue to Lose Billions in Pyramid Schemes

A pink two-storey building stands in Kitengela town along the Nairobi-Namanga highway with a 'VIP Portal' emblazoned at the top.

SEC Sues Alleged $26 Million ‘Crypto’ Ponzi Scheme Operator

SEC Sues Alleged $26 Million ‘Crypto’ Ponzi Scheme Operator

The SEC has accused Daniel Pacheco of running a $26 million Ponzi scheme disguised as a cryptocurrency.

What is a cryptocurrency Ponzi scheme?

What is a cryptocurrency Ponzi scheme?

The cryptocurrency industry has become a breeding ground for many types of scams and illegal behaviour. Criminals are often the first to jump to a new technology and attempt to harness it ...

5 Common Cryptocurrency Scams and How to Avoid Them

5 Common Cryptocurrency Scams and How to Avoid Them

Cryptocurrency and blockchain scams are everywhere. Make sure you're aware of these basic cybersecurity principles to avoid getting your Bitcoin stolen.

How easy is it for hackers to steal your cryptocurrency?

How easy is it for hackers to steal your cryptocurrency?

The cryptocurrency industry is rife with scammers looking to steal your hard-earned crypto coins. Learn the most common methods and how to protect yourself.

OneCoin: A deep dive into crypto’s most notorious Ponzi scheme

OneCoin: A deep dive into crypto’s most notorious Ponzi scheme

Following the latest ruling on the OneCoin class-action lawsuit, we look into the biggest Ponzi scheme in crypto.

How Artificial Intelligence Helps Police Catch Ponzi Schemes?

How Artificial Intelligence Helps Police Catch Ponzi Schemes?

South Korean police have arrested suspects behind a cryptocurrency ponzi scheme using AI (Artificial Intelligence), by identify patterns of Ponzi and pyramid scams.

Bitcoin con artists charged with $51M investment scam

Bitcoin con artists charged with $51M investment scam

A group of Bitcoin con artists have been charged with running an elaborate cryptocurrency scam that defrauded local and foreign investors out of $51M.