#Ponzi

Since mid-June, analysts have been noticing an active movement of funds associated with the Chinese PlusToken Ponzi scheme. Abnormal jumps in the price of individual tokens with subsequent emptying of hot wallets were observed at exchanges affiliated with scammers.

Recently, we’ve published an investigation into a large-scale Ponzi-scheme called OneCoin. The scheme had its branches in several different countries across several continents, defrauding people of billions of dollars.

Many OneCoin investors still believe they are taking part in the global financial revolution. Despite a slew of arrests and serious allegations mounted against the organizers of the scheme, they continue to invest, oblivious to any criticism. What started as just another Ponzi scheme has eventually evolved into the largest scam of the decade and […]

Bitconnect, the lending and exchange platform that was long suspected by many in the crypto community of being a Ponzi scheme, has announced it’s shutting down.

Russian State Duma considers several draft laws providing administrative and criminal prosecution for arrangement of companies working on Ponzi schemes, which are broadly referred to in Russia as ‘financial pyramids’. An amendment to the Criminal Code establishes four years of inprisonment for distribution of any information related to such organizations.

The U.S. Securities and Exchange Commission filed a claim in a court stating that founder of two mining companies established a Ponzi scheme in order to pocket money of his investors. The companies in question are ZenMiner and GAW Miners, both of which are owned by Homero Garza.