A Long Island resident, identified as Austin, was sentenced to 18 years in prison for orchestrating a multi-million dollar cryptocurrency scam. The 62-year-old allegedly preyed on over two […]
SEC Charges PGI Global with $198 Million Crypto Ponzi Scheme
The U.S. Securities and Exchange Commission (SEC) has brought charges against PGI Global, the company led by Ramil Ventura Palafox, alleging a massive $198 million Ponzi scheme targeting […]
FBI Warns of Rising Crypto Fraud Losses Among Elderly Americans
The FBI has issued a stark warning about the increasing risk of cryptocurrency scams targeting elderly Americans. In 2024, individuals aged 60 and above reported the highest losses […]
SEC Charges PGI Global Founder in $198 Million Crypto Fraud
The Securities and Exchange Commission (SEC) has filed a lawsuit against PGI Global’s founder, Palafox, alleging a $198 million cryptocurrency fraud. The complaint accuses Palafox of siphoning investor […]
SEC Charges PGI Global Founder With $198 Million Cryptocurrency Ponzi Scheme
The US Securities and Exchange Commission (SEC) has filed charges against Ramil Ventura Palafox, founder of the now-collapsed cryptocurrency firm PGI Global, alleging a $198 million investment fraud. […]
SEC Slams CEO with $200 Million Crypto Fraud Scheme
The Securities and Exchange Commission (SEC) has filed charges against PGI Global’s CEO, Ramil Palafox, alleging he orchestrated a fraudulent scheme involving nearly $200 million in crypto trading […]
SEC Exposes $198 Million Crypto Scam: Investor Funds Misused in Fraudulent Scheme
The U.S. Securities and Exchange Commission (SEC) has uncovered a major crypto fraud scheme, accusing Ramil Palafox, the founder of PGI Global, of scamming investors out of over […]
Brazilian Crypto Ponzi Scheme Operators Sentenced to Over 128 Years
A significant crackdown on crypto fraud has taken place in Brazil as operators of the Braiscompany scheme were sentenced to a total of over 128 years. The sentencing […]
Brazilian Crypto Ponzi Scheme Leaders Face Lengthy Sentences
A major crackdown on crypto fraud has seen key leaders of a Brazilian Ponzi scheme sentenced to lengthy prison terms. The Braiscompany scheme, notorious for its deceptive promises […]
Brazilian Court Delivers 171-Year Sentence for Crypto Ponzi Leaders
A Brazilian court has handed down a landmark sentence of 171 years to leaders of the Braiscompany cryptocurrency fraud, marking one of the most stringent actions against crypto […]
Brazilian Court Sentences Crypto Fraudsters to Over 170 Years
A Brazilian court has handed down a lengthy prison sentence to three individuals responsible for one of the country’s largest crypto scams. The perpetrators behind Braiscompany, a fraudulent […]
Authorities thwart $4.3 million Ethereum fraud ring, saving millions
In a collaborative effort involving U.S. and Canadian authorities, the fraudulent operation targeting Ethereum users was successfully stopped. This operation prevented estimated losses of $4.3 million according to […]
Maryland Resident Loses $3 Million to Elaborate Investment Fraud
A resident of Maryland has fallen victim to a sophisticated investment scam, losing nearly $3 million through a long-term scheme orchestrated from Southeast Asia. The fraud unfolded over […]
CLS Global Faces Probation and Heavy Fines for Wash Trading
Massachusetts regulators have imposed a significant penalty on CLS Global, a crypto firm operating without proper registration, following accusations of wash trading. The court levied a $428,059 fine […]
Justin Sun Provides Bailout for TUSD After Major Fraud Unveiled
TUSD, a prominent stablecoin backed by the US dollar, faced a massive $500 million shortfall due to suspected fraudulent activities. This revelation shocked the crypto community and prompted […]