Co-founders of the defunct crypto platform HashFlare have received lenient sentences for their role in a $577 million Ponzi scheme that defrauded over 440,000 investors globally. The U.S. […]
Prosecutors Appeal Light Sentences in $577M HashFlare Ponzi Scheme
US prosecutors have appealed the lenient sentences handed down to the Estonian co-founders of HashFlare, a collapsed crypto mining venture they accused of orchestrating a $577 million Ponzi […]
US Appeals Sentencing of HashFlare Founders in Major Crypto Ponzi Scheme
Prosecutors have challenged the sentences handed down to Sergei Potapenko and Ivan Turõgin, co-founders of defunct crypto mining service HashFlare, accused of orchestrating a $577 million Ponzi scheme. […]
EminiFX Founder Ordered to Pay $228M Restitution for Ponzi Scheme
A federal judge has declared EminiFX a Ponzi scheme, ordering its founder, Eddy Alexandre, to pay $228 million in restitution. The ruling followed a lengthy investigation by the […]
SEC Warns of ‘Gvest Global’ Ponzi Scheme: Nigerian Investors on High Alert
The Securities and Exchange Commission (SEC) has issued a stark warning to Nigerians against engaging in any investment activities with the unapproved platform, ‘Gvest Global’. The SEC explicitly […]
EminiFX: Court Declares Cryptocurrency Investment Platform a Ponzi Scheme
A New York federal court has officially declared EminiFX, a cryptocurrency investment platform that promised automated trading profits, a Ponzi scheme. The ruling, issued by US District Judge […]
Judge Orders EminiFX Founder to Pay $228 Million in Restitution
A U.S. judge has ordered the founder of EminiFX, Eddy Alexandre, to pay $228 million in restitution following a massive Ponzi scheme that impacted over 25,000 investors. The […]
Judge Orders $228 Million in Restitution from EminiFX Founder After Ponzi Scheme Collapse
The US Commodity Futures Trading Commission (CFTC) obtained a court order requiring Alexandre, the founder of the now-defunct trading platform EminiFX, to pay a total of $228.57 million […]
Eminifx Founder Ordered to Pay $228 Million Restitution for Ponzi Scheme
A New York federal judge has ordered Eddy Alexandre, founder of the defunct cryptocurrency platform Eminifx, to repay over $228 million in restitution. This follows a court ruling […]
EminiFX Founder Sentenced to Pay $228 Million in Ponzi Scheme Fraud
Eddy Alexandre, the founder of the crypto investment platform EminiFX, has been sentenced for orchestrating a massive Ponzi scheme. A U.S. court ordered him to pay $228 million […]
EminiFX Founder Ordered to Pay $228 Million in Restitution
Eddy Alexandre, founder of the now-defunct EminiFX platform, has been ordered to pay over $228 million in restitution for a Ponzi scheme that defrauded investors. The US court […]
Vietnam Busts $200 Million Crypto Ponzi Scheme, 20 Arrested
Authorities in Phu Tho Province have dismantled a massive crypto-based pyramid scheme, apprehending over 20 individuals linked to the operation. The scheme, disguised as a multi-level marketing program, […]
Vietnamese Authorities Dismantle $1 Billion Cryptocurrency Ponzi Scheme Using Paynet Coin
Vietnam’s law enforcement agency has dismantled a large-scale cryptocurrency fraud involving over $1 billion in assets, targeting the Paynet Coin scheme. This complex operation defrauded a significant number […]
HashFlare Co-founders Walk Free After Receiving Light Sentence for $577M Crypto Scam
A surprising outcome emerged from a major cryptocurrency scam case involving the founders of HashFlare, Sergei Potapenko and Ivan Turgin. Despite prosecutors seeking a 10-year prison sentence, the […]
Estonia: HashFlare Co-Founders Sentenced in $577M Crypto Ponzi Scheme
Estonian cryptocurrency platform co-founders, Sergei Potapenko and Ivan Turõgin, were sentenced in the United States for operating a massive $577 million Ponzi scheme. This case highlights the growing […]