Tag: Ponzi
FBI busts $43M crypto and Las Vegas hospitality Ponzi scheme
The FBI arrested a New York resident for defrauding investors of at least $43 million in a…
Former CEO of sham crypto miner IcomTech pleads guilty of wire fraud for Ponzi scheme
Marco Ruiz Ochoa pleaded guilty to one count of conspiracy to commit wire fraud in the Southern…
AirBit Club ‘ponzi’ co-founder gets 12 years prison
The co-founder of AirBit Club — a cryptocurrency pyramid scheme that swindled investors of over $100 million…
Ponzi vs. pyramid schemes: What’s the difference?
A pyramid scheme is a dishonest investment plan that lures people with claims of large profits, usually…