Aussie crypto fund manager sentenced to 7 years for stealing $54M from investors
A fund manager has been sentenced to more than seven years in prison for operating a Ponzi scheme that cheated investors out of $54 million.
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Ohio man pleads guilty to fraud over $30M crypto scam promising 15% monthly
Michael Ackerman faces up to 20 years in jail if convicted of fraud following his guilty plea.
Top Finiko Crypto Pyramid Executive Arrested in Russia’s Tatarstan
A high-ranking representative of Russia’s notorious Finiko Ponzi scheme has been arrested in Tatarstan. Ilgiz Shakirov, a businessman from Kazan, rose to the rank of vice president of the crypto…
Eastern European victims sent $815M to Ponzis and scams in the past year
Scams make up the largest share of funds sent from Eastern Europe to illicit addresses.
Turkish prosecutors investigate alleged $119M Dogecoin mining scam
Unwitting DOGE investors were promised attractive returns of 100% in just 40 days in exchange for depositing their money.