Chinese Prosecutors Charge Final Suspects In $2.3 Bln OneCoin Investigation
Chinese prosecutors charge the last four suspects out of around 100 involved in the case against pyramid scheme OneCoin Go to Source Powered by WPeMatico
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Dutch Teacher Fired for Shilling OneCoin to Students
Even though most cryptocurrency users have all but forgotten about OneCoin by now, that doesn’t apply to everyone. Last month, a court case in the Netherlands documented how a teacher had pressured students into buying into this pyramid scheme. While greed brings out the worst in people more often than not, it is very disturbing … Read more
Unpacking the 5 Biggest Cryptocurrency Scams
In the wake of the Pincoin/iFan ICO scams in Vietnam, we take a look at the five biggest cryptocurrency scams to date. #PANORAMA Go to Source Powered by WPeMatico
Pakistan’s Central Bank Prohibits Crypto Dealings with a Circular
The State Bank of Pakistan (SBP) has issued a circular on the “prohibition of dealing in virtual currencies”. The measure comes right after a similar move by the central bank of neighboring India. Commercial banks and payment providers have been told to stay away from crypto operations. They should not facilitate transactions of virtual currencies … Read more
BitConnect Plaintiff Claims its Founders are Associated With a Large Ponzi Scheme OneCoin
Lawsuits filed in the US last week against BitConnect promoters and executives were released to the public. The identities behind the alleged ponzi scheme including director Glenn Arcaro were unraveled, and several plaintiffs have claimed that the founders of OneCoin, another large-scale ponzi scheme, were involved in BitConnect. Several lawsuits filed earlier this month suggested … Read more
Onecoin’s Bulgarian Offices Raided by Law Enforcement, No Arrests Made
It has been a while since we last heard any major Onecoin-related news, though this notorious Ponzi scheme has been in the crosshairs of law enforcement agencies for quite some time now. It is evident this scheme will fall apart at some point in the near future. The company’s offices in Sofia, Bulgaria were raided by … Read more
Bulgarian Police Raids OneCoin Offices, ‘Ponzi Scheme’ Servers Shut Down
A raid on the OneCoin offices in Bulgaria covered 14 associated companies, servers were shut down but the coin remains operational. #NEWS Go to Source Powered by WPeMatico
Onecoin Offices Raided in Sofia, Servers Shut Down
Bulgarian law enforcement agencies have raided the offices of Onecoin in Sofia as part of a multinational effort to neutralize what authorities call a “centralized cryptocurrency pyramid scheme”. Three million people may have been defrauded by the company which offers services on four continents, according to media reports. Bulgarian officials were diligent enough to note … Read more
