Crypto scam

Russian Police Catch Big Crypto Scammer From Kazakhstan

Russian Police Catch Big Crypto Scammer From Kazakhstan

A unidentified person has been arrested by Russian cops, who has international arrest warrant for international arrest warrant. Ministry of Internal Affairs (MOI) officially declared the arrest and is in process of extradition from Kazakhstan. The accused has fled Kazakhstan in early 2019 and has since been declared wanted by Interpol and has at least 300 fraud cases in connection with pyramid scheme.

Californian Man faces Charges From SEC For $26 Mn Crypto Pyramid Scheme

Californian Man faces Charges From SEC For $26 Mn Crypto Pyramid Scheme

Daniel Pacheco, 45 of California is facing charges from the U.S. Securities and Exchange Commission (SEC) for allegedly selling unregistered securities and masterminding multi million dollar crypto pyramid scheme. He duped his investors through his IPro Solutions LLC and IPro Network LLC based in California by offering e-commerce lessons and IPro’s own ‘cryptocurrency’, Pro Currency.

Australia's ASIC Issues Warning on Crypto Scam

Australia’s ASIC Issues Warning on Crypto Scam

The Australian Securities and Investments Commission (ASIC, financial regulator for the island nation) has recently issued a warning to its public on alleged crypto-related scam project. The warning mentions two names, Dartalon Ltd and GFC Investments which have been red flagged by the regulator, both of their websites offers the public a chance to trade various cryptocurrencies and foreign exchange (forex).

Australian Influencer Fakes Cancer to Cater Her Crypto Thrist

Australian Influencer Fakes Cancer to Cater Her Crypto Thrist

Gibson recently came into the limelight after the Canberra Times reported her ill-intended lies to her followers and using her company’s profits to trade cryptocurrencies, futures, and place sports bets. The influencer was accused of accepting money from her followers under the false pretense of being diagnosed with terminal cancer.

New Zealand Churches Deny Any Connection To OneCoin

New Zealand Churches Deny Any Connection To OneCoin

The scam specifically targeted New Zealand Samoan community with OneCoin workers using SISDAC (Samoan Independent Seventh Day Adventist Church) and the Samoa Worship Center to reach a vast network of would-be investors. Church in its statement: “SISDAC has never knowingly participated or colluded in any way shape or form with any individual or organization in this type of illegal activity… seeking legal counsel over these matters that threaten the integrity and good standing of the church, its leadership, its missionary work and the well-being of its loyal membership.”

Two Nigerians Booked In US For Crypto Scam

Two Nigerians Booked In US For Crypto Scam

Kelvin Usifoh and Onwuemerie Ogor Gift (both 24) have been indicated by the Attorney’s Office for the District of Oregon for allegedly defrauding victims of their Bitcoin Core (BTC). They managed to trick three investors from Oregon and California. They operated using sites www.wealthcurrency.com, www.boomcurrency.com and www.merrycurrency.com and promised to the investors: a 20-50% return on investment, zero risk and immediate withdrawals.

Aussies lost $6.1m to cryptocurrency scams last year

Aussies lost $6.1m to cryptocurrency scams last year

Victims are being tricked by online scammers into purchasing various cryptocurrencies through the scammer software platform, like other investment scams, when they tried to cash out the scammers either made excuses or were no longer contactable, Australian Competition and Consumer Commission (ACCC) said. At least $6.1 million to cryptocurrency-based scams last year, most losses are from investment scams. Hacking was also a major cause of reported loses, netting $3.1 million.

Malta’s Financial Regulator Issues Guides on Crypto Assets, Scams

Malta’s Financial Regulator Issues Guides on Crypto Assets, Scams

The Malta Financial Services Authority’s (MFSA) new guidance note intends to warn the public about cryptocurrency investments and related risks, and educate people on how to identify and avoid scams and fraudulent schemes. The guidance outlines the most common types of digital currency-associated scams, which include fake initial coin offerings (ICOs), crowdfunding ventures promising higher gains which are availed of once the coin becomes active, and fake exchange platforms and fake e-wallet apps.

Two Men Charged for Allegedly Fraudulent BTC Investment Scheme

Two Men Charged for Allegedly Fraudulent BTC Investment Scheme

A 13-count indictment has been filed in the US District Court in Portland, Oregon, charging 2 men with the theft of 10.88 bitcoin worth roughly $59k as part of an allegedly fraudulent investment scheme. They encouraged their victims to transfer their bitcoin to private crypto wallets and falsely claimed they would be invested using unique trading methods & would maintain a constant high-interest rate, also purchased several domain names and used them to promote a scheme promising investors 20-50% returns on their bitcoin holdings, with zero risk and instant withdrawals.

Bitcoin Sextortion Kansas Police Warn of Bizarre Crypto Scam

Bitcoin Sextortion: Kansas Police Warn of Bizarre Crypto Scam

Police in the minor Kansas town of Norton has cautioned residents about a strange Bitcoin sextortion trick that objectives individuals with mystery pornography propensities. Police in the minor town of Norton, Kansas presented a notice on their site yesterday morning asking devotees not to fall for an unusual Bitcoin sextortion trick.