Ponzi Scheme – CoinCap

Billionaire Behind Bars: China’s Second-Richest Man Jailed For $5 Million Crypto Scam

August 27, 20243 weeks ago CoinCap 0 Comments Bitcoin, Cardano, Chainlink, Crypto, crypto fraud, Crypto News, Cryptocurrency, DeFi, Lend, Ponzi Scheme, Tezos, Tron, VEChain

Yang Bin, the former second-richest man in China, has been sentenced to six years in a Singapore prison for operating a multi-million-dollar Ponzi scheme disguised as a crypto investment operation.

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Montenegro arrests executive suspected of $21M crypto fraud

August 21, 20243 weeks ago CoinCap 0 Comments Arrest, Bitcoin, Cardano, Chainlink, Crypto, crypto scheme, Cryptocurrency, DeFi, futurenet, Lend, Montenegro, Ponzi Scheme, Pyramid Scheme, scam, Tezos, Tron, VEChain

Montenegrin police arrested FutureNet co-founder Roman Ziemian, alleging he was living under a false identity in the country’s capital city.

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Man allegedly tries to ‘recover’ losses from BitConnect, kidnapping two

August 19, 20244 weeks ago CoinCap 0 Comments Bitcoin, BitConnect collapse, Cardano, Chainlink, Crypto, crypto extortion, Cryptocurrency, DeFi, financial crime, Indian Enforcement Directorate, kidnapping., Lend, Litecoin, Money Laundering, Ponzi Scheme, Tezos, Tron, VEChain

Indian authorities have arrested a man for allegedly kidnapping two employees of BitConnect creator Satish Kumbhani and extorting $125 million in crypto.