scams - Page 3 - AllStocks Network

Attorney of OneCoin Ponzi Scheme Stands Trial for $400M Money Laundering

Posted on November 7, 2019November 7, 2019 by Rehan Yousaf

Mark Scott, lawyer of the OneCoin cryptocurrency Ponzi scheme, undergoes trial for laundering $400 million out of the U.S. For those who do not know what OneCoin exactly is, it was perhaps one of the biggest scams in cryptocurrency’s short history. Konstantin Ignatov and Ruja Ignatova were behind this international pyramid scheme. Ruja was charged by prosecutes in the U.S. with money laundering, wire fraud and securities fraud; she thereafter vanished from the public eye,…

British South Asian Among the Most Affected Victims of the OneCoin Scam

Posted on October 23, 2019October 23, 2019 by Rehan Yousaf

In 2016, an massive cryptocurrency opportunity was unveiled that essentially alleged that OneCoin had been lying to its customers about the true value of the digital currency that the company was offering. A recent in-depth investigation has revealed that British South Asian Muslims living in the United Kingdom were the most impacted victims by OneCoin cryptocurrency scam, as they were duped to believe that the investment in the company had some potential. What is of…

Hackers Stole Bitcoin from Users Using Infected Version of Tor Browser

Posted on October 22, 2019December 11, 2019 by Ravi Rd

A compromised version of the Tor browser has targeted Russian-speaking users, spied on them while they were roaming the dark web, and stole their Bitcoin(BTC)trade funds as they were attempting to purchase with BTC on dark web markets. The infected Tor browser reportedly switched the Bitcoin address to which users were supposed to send funds with the one controlled by the hackers, and users ended up transferring the cryptocurrency funds into the hackers’ account. Bitcoin…

US CFTC Takes Civil Enforcement Action Against $11M Crypto Scam Circle Society

Posted on October 20, 2019October 20, 2019 by Ravi Rd

The U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against the Nevada-based corporation Circle Society and its owner, David Gilbert Saffron of Las Vegas, for Ponzi-like cryptocurrency scam and registration violations relating to an $11 million cryptocurrency fraud operation. The CFTC filed a civil enforcement action on Monday, September 30, 2019, and accused the defendants for unethical use of funds that were raised to trade in binary crypto and forex options. The case was…

OneCoin Supporters Send Death Threats to Woman Fighting the Crypto Pyramid Scheme

Posted on October 16, 2019October 16, 2019 by Rehan Yousaf

OneCoin is supposedly a digital currency estimated to have raised over £4 billion globally in the form of investments, but US prosecutors claim that the cryptocurrency is a front for a pyramid scheme, designed just to extract money from its investors. The founder, Ruja Ignatova, has vanished after being charged with money laundering charges since. As a once-hopeful investor herself, Jen McAdam has been working with a group of other investors who are victims of…

Sextortion Criminals Switch to Altcoins from Bitcoin to Bypass Email Security

Posted on October 15, 2019October 15, 2019 by Ravi Rd

A new version of sextortion Phishing scams is using alternative cryptocurrency wallet adresses other than Bitcoin(BTC)trade in an attempt to bypass email protections i.e. Secure Email Gateways (SEGs), according to a new report. On Tuesday, Cofense, a leading provider of human-driven phishing defense solutions, revealed that a new malicious technique has been successfully deployed, which helps scammers to bypass security layers implemented by email providers and their Secure Email Gateways (SEGs). Describing the common pattern…

Prosecution to Call Bank of Ireland Members in OneCoin Money Laundering Case

Posted on October 3, 2019October 3, 2019 by Rehan Yousaf

Several individuals are facing criminal proceedings launched against them for participating in the fraudulent digital currency scheme of OneCoin. Konstantin Ignatov, Ruja Ignatova and Mark Scott, continue to face these proceedings at the New York Southern District Court. The whole crypto Ponzi scheme is estimated to be worth billions of dollars and so far the investigating bodies have identified dozens of people who assisted or operated the fraud in a bid to capture millions of…

Fraudsters Already Attempt to Impersonate the New Bitcoin Futures Platform Bakkt

Posted on September 29, 2019September 29, 2019 by Ravi Rd

It appears that crypto fraudsters have already started impersonating the newly-launched Bitcoin futures trading platform Bakkt. Intercontinental Exchange (ICE) launched Bakkt on Monday after being delayed two times in the past. The trading platform facilitates the institutional-grade investors to take positions on the cryptocurrencies through a government-regulated channel. For scammers, that turned out to be an opportunity and they started a series of scams, incorporating the Bakkt website. Cryptocurrency giveaway scams, phishing, and Ponzi schemes…

Kate Winslet Sues Scammers Using her Identity to Promote Crypto Fraud

Posted on September 23, 2019September 23, 2019 by Rehan Yousaf

Kate Winslet, an A-list Hollywood star, is the recent addition to a long list of popular figures who have experienced frauds committed in their names to promote crypto schemes. Recently, the actress learned that some scammers on the internet were using her images to persuade users to invest in a Bitcoin scam. As soon as the facts were established, she spoke to her legal team and is now reportedly filing a lawsuit against the criminals….

The SEC Sues ICO Platform ICOBox for Violating Federal Securities Laws

Posted on September 22, 2019September 22, 2019 by Ravi Rd

According to a press release on September 18, the U.S. SEC has taken legal actions against a blockchain and crypto company called ICOBox and its founder Nikolay Evdokimov for illegally distributing $14 million worth of the company’s digital token and operating as an unregistered broker for other digital asset offerings. The United States District Court for the Central District of California has ordered to conduct the investigation which was led by Brent W. Wilner and…

« 1 2 3 4 5 … 16 »

Digital favorites