Bitcoin Ponzi scheme – Page 3

US Man Pleads Guilty in $722 Million Bitclub Network Ponzi Scheme Case

September 6, 2020 by DIGIT

A Bitclub Network Ponzi scheme promoter has admitted to charges of selling unregistered securities and to subscribing to a false tax return in connection with his role in the $722 million fraud scam. The man, Joseph Frank Abel, pleaded guilty by video conference before U.S. District Judge Claire C. Cecchi. The U.S. citizen becomes the … Read more

South African Man Charged in U.S. Court for Fraud Involving $28 Million in Bitcoin and Forex

September 5, 2020 by DIGIT

A South African man has been charged with fraud in the Maryland District Court for allegedly scamming $28 million from over 1,000 investors. Dennis Jali, a former resident of Maryland, targeted church-going African immigrants, promising them guaranteed returns on his supposed bitcoin (BTC) and foreign currency investment pool. In a press statement, the U.S. Commodity … Read more