Estonian court nixes extradition of accused crypto scammers to US
Ivan Turogin and Sergei Potapenko, co-founders of Bitcoin cloud miner HashFlare, have successfully appealed their extradition from Estonia to the United States, where the two face 18 counts of fraud and money laundering. The Tallinn Circuit Court overturned a lower court’s order on Nov. 29, ...
CFTC charges Tennessee couple over ‘Blessings of God Thru Crypto’ scheme
A Tennessee husband and wife are facing charges over “Blessings of God Thru Crypto” — an allegedly fraudulent investment scheme that swindled at least $6 million from over 100 victims in just six months.A July 24 complaint from the Commodity Futures Trading Commission (CF ...
Central Bank of Ireland Criticizes Bitcoin as a Ponzi Scheme
It only recognizes "encryption with backups." It's the tokens that fall under European Union control The authorities consider other cryptocurrencies a "Ponzi scheme." The central bank of Ireland commented on the recent MiCA bill.. On their website, th ...
YieldTrust.ai Platform Banned in Multiple US States as Regulators Accuse It of Being a Ponzi Scheme
US Regulators Declare YieldTrust.ai a Ponzi Scheme and Ban the Platform Several US states' financial regulators have issued a warning that the YieldTrust.ai trading platform exhibits characteristics of a Ponzi scheme and banned the application in their states. YieldTrust.ai and its founder, St ...
US Department of Justice Charges Four Russians for Operating a $340 Million Pyramid Scheme
The Forsage investment platform, founded by four Russians, has been charged by the US Department of Justice for operating a pyramid scheme that has allegedly defrauded investors of $340 million. The accused individuals include Vladimir Okhotnikov, who used the pseudonym Lado, Olena Oblamskaya (al ...