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Jennifer Aniston, Prince Charles Falsely Used To Promote Crypto Scam

Jennifer Aniston, Prince Charles Falsely Used To Promote Crypto Scam Texas’ securities watchdog has issued an emergency cease-and-desist order to a purported cryptocurrency investment scheme that it says tried to dupe investors with fake endorsements from high-profile individuals. Among other alleged failings, Houston-based Wind Wide Coin is said to have fabricated …

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Crypto Investment Schemes Hit With Cease-and-Desists in Texas

Crypto Investment Schemes Hit With Cease-and-Desists in Texas The Texas State Securities Board (TSSB) has issued cease-and-desist orders to two bitcoin investment schemes that it alleges are selling unregistered securities and making fraudulent claims to the state’s residents According to one order lodged on Tuesday, the securities regulator takes aim at …

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Chinese Police Bust Alleged $13 Million Blockchain Pyramid Scheme

Chinese Police Bust Alleged $13 Million Blockchain Pyramid Scheme Police in China’s northwestern city of Xi’An have arrested the founders of a claimed nationwide cryptocurrency pyramid scheme that allegedly amassed 86 million yuan ($13 million) from over 13,000 people. According to a report from local media source Huashang News, Wednesday, the scheme …

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Philippines Lawmaker Urges Senate to Expedite Crypto Crime Bills

Philippines Lawmaker Urges Senate to Expedite Crypto Crime Bills A Philippines lawmaker is seeking to speed up the passage of legislation that would increase the penalties for crimes involving cryptocurrencies. Leila M. de Lima, a Philippines’ opposition senator, urged her colleagues in the legislative house on Monday to allow “swift passage” …

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Zelle users are finding out the hard way there’s no fraud protection

Scammers have taken to Zelle, the Venmo alternative backed by U.S. banks, to defraud consumers who believe the service includes the same protections they’ve come to expect from PayPal. A number of customers report having lost hundreds, or even thousands of dollars, over Zelle, when they used it for transactions …

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U.S. government files charges in $6 million My Big Coin cryptocurrency Ponzi scheme

On Wednesday, the U.S. Commodity Futures Trading Commission (CFTC) revealed that it has filed a lawsuit against the creators of My Big Coin, an alleged cryptocurrency scam that took naive investors for $6 million. The case, filed on January 16 and unsealed today, charges Randall Crater, Mark Gillespie and My …

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