Sergei Potapenko and Ivan Turõgin, the co-founders of defunct crypto mining platform HashFlare, have been sentenced to 16 months in prison. Their sentence reflects a lighter penalty than […]
HashFlare Founders Escape Prison Time, Receive Light Sentencing in $577 Million Ponzi Scheme
The founders of the defunct crypto mining company HashFlare, Sergei Potapenko and Ivan Turõgin, have escaped further prison time after pleading guilty to a $577 million Ponzi scheme. […]
HashFlare Founders Receive Prison Time Reduction in $577M Ponzi Scheme Case
Sergei Potapenko and Ivan Turõgin, founders of the now-defunct HashFlare, have avoided additional prison time. Though initially sentenced to 16 months in a $577M Ponzi scheme case, their […]
DOJ May Appeal Time-Served Sentence in $577M HashFlare Ponzi Scheme
The mastermind behind the HashFlare cryptocurrency Ponzi scheme, which defrauded over 400,000 investors out of more than $577 million, has avoided additional jail time after a Seattle court […]
CBEX Resumes Operations: SEC Warns Nigerians of Ponzi Scheme Risks
The Securities and Exchange Commission (SEC) has issued a stern warning about CBEX, an unregistered investment platform that operates under the name ST Technologies International Ltd. Despite being […]
Guangdong VKey Group Collapse: A Major Cryptocurrency Loss and Lessons for Investors
The collapse of Guangdong VKey Group in May 2025 has resulted in significant cryptocurrency losses, casting a shadow over the burgeoning digital currency landscape. The company’s alleged Ponzi […]
SEC Charges PGI Global Founder with $198 Million Ponzi Scheme
The U.S. Securities and Exchange Commission (SEC) has filed charges against Ramil Ventura Palafox, the founder of PGI Global, alleging he orchestrated a $198 million Ponzi scheme. Palafox […]
Crypto Founder Charged: $200 Million Ponzi Scheme Target 90,000 Investors
The U.S. Securities and Exchange Commission (SEC) has filed charges against a cryptocurrency founder for orchestrating a massive $200 million Ponzi scheme. This case reveals the increasing vulnerability […]
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 […]
SEC Dismantles $198 Million Crypto Ponzi Scheme: Founder Charged
The US Securities and Exchange Commission (SEC) has brought charges against Ramil Palafox, the founder of PGI Global, for orchestrating a massive $198 million crypto Ponzi scheme that […]
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 Ramil Palafox for Alleged $198 Million Crypto Ponzi Scheme
The US Securities and Exchange Commission (SEC) has filed charges against PGI Global founder Ramil Palafox, accusing him of orchestrating a multi-million dollar crypto Ponzi scheme. At least […]
Brazilian Court Sentences Three Men for $190 Million Cryptocurrency Ponzi Scheme
A Brazilian court has imposed a combined 170-year prison sentence on three men accused of running a multi-million dollar cryptocurrency Ponzi scheme. The men are believed to have […]
DHS Orders HashFlare Co-Founders to Leave US Despite Court Order
Two former co-founders of the defunct crypto mining firm Hashflare, Sergei Potapenko and Ivan Turõgin, face potential legal action after receiving an order from the Department of Homeland […]
Investors Storm CBEX Office in Ibadan After $847 Million Ponzi Scheme Collapse
Following the collapse of the digital asset trading platform CBEX, which reportedly held an estimated $847 million in investor funds, a mob of angry investors stormed the platform’s […]