Norway has charged four individuals in connection with an alleged $87 million cryptocurrency investment fraud involving fake product packages.
Las Vegas man Brent Kovar is accused of orchestrating a $24M Ponzi scheme linked to cryptocurrency, promising high returns to investors.
The US Department of Justice has sentenced the leaders of the IcomTech cryptocurrency Ponzi scheme to significant prison terms. They defrauded thousands of investors, causing millions in financial losses. This sentencing concludes a major legal battle against the fraudulent activities of IcomTech.
A crypto promoter has been sentenced to 20 years in prison for orchestrating a Ponzi scheme that defrauded thousands, mainly within U.S. Spanish-speaking communities. The scheme posed as a crypto mining operation, promising returns while pocketing millions, with over $3.6 million forfeited.
Juan Tacuri, a promoter of a cryptocurrency Ponzi scheme, has been sentenced to 20 years in prison.
Juan Tacuri sentenced to 20 years for crypto Ponzi scheme, Forcount, after defrauding investors for millions and spending on luxury goods.
An 86-year-old former attorney, David Kagel, has been sentenced to probation and ordered to pay $14 million in restitution for his role in a crypto Ponzi scheme. Kagel pled guilty to conspiracy to commit commodity fraud, defrauding investors out of millions.
An 86-year-old former lawyer is set to pay $14 million for orchestrating a Bitcoin Ponzi scheme. He will serve probation at a senior care facility in Las Vegas, with a requirement to wear a monitoring device if he leaves.
86-year-old David Kagel admits to running a crypto Ponzi scheme, agreeing to pay $14 million. Due to his age and health, prosecutors seek only a five-year probation sentence.
David Carmona, leader of the Icomtech Ponzi scheme, was sentenced to over 10 years in prison for defrauding investors with false promises of cryptocurrency profits.
David Carmona, founder of IcomTech, received a 10-year prison sentence for mishandling investor funds in a crypto Ponzi scheme.
David Carmona sentenced to 121 months for IcomTech Ponzi scheme defrauding investors.
David Carmona, founder of the IcomTech crypto Ponzi scheme, sentenced to 10 years for defrauding victims of $8.4 million.
David Carmona, mastermind behind the IcomTech Ponzi scheme, has been sentenced to 10 years in prison. The scheme involved duping victims into investing in fake crypto trading and mining operations with false promises of doubled returns.
IcomTech founder David Carmona sentenced to nearly 10 years for Ponzi scheme involvement.
The U.S. District Court for the Northern District of Illinois has fined an Oregon resident and his entities over $209 million for operating Ponzi schemes under the guise of crypto and carbon investment programs.
An Oregon man, Sam Ikkurty, must pay over $209 million to the CFTC for running a multi-million dollar crypto Ponzi scheme. The agency recovered $18 million in assets from the fraud.
A Singapore court sentenced a key figure in a cryptocurrency Ponzi scheme to six years in prison on August 26, 2024.
The SEC has charged the Adam Brothers in a $60 million cryptocurrency Ponzi scheme involving Tether, highlighting the need for investor vigilance in the crypto space.
The SEC accuses the Adam brothers of defrauding investors by claiming their funds would be placed in a lending pool to fund “flash loans.”
SEC takes legal action against Jonathan and Tanner Adam for running a $60M Ponzi scheme involving a fake crypto trading bot.
The SEC has frozen assets in a $60 million Ponzi scheme involving promises around a crypto trading bot, implicating brothers Jonathan and Tanner Adam.
The SEC has frozen the assets of Jonathan and Tanner Adam, accusing them of operating a $60 million Ponzi scheme using a crypto trading bot. Over 80 investors were defrauded. The SEC aims for injunctions.
The SEC has charged Jonathan and Tanner Adam with operating a $60 million Ponzi scheme.
The SEC charged Jonathan and Tanner Adam for running a $60 million Ponzi scheme under a crypto investment guise.
The SEC charged brothers Jonathan and Tanner Adam with orchestrating a $60 million cryptocurrency Ponzi scheme using a fake trading bot. Over 80 investors were affected between January 2023 and June 2024. The brothers allegedly used investor funds for personal luxuries, including a $30 million condo.
Brothers were charged in a $60 million crypto Ponzi scheme, highlighting the rise of crypto scams and investor deception as cryptocurrency trading surges.
The SEC charged two brothers for orchestrating a $60 million crypto Ponzi scheme, targeting new and naive investors.
SEC accuses two brothers of operating a $60 million crypto Ponzi scheme involving a fake crypto trade bot.
The SEC has charged two brothers for executing a $60 million Ponzi scheme through a crypto asset trading platform, affecting numerous investors.
The U.S. SEC charged Jonathan and Tanner Adam for defrauding over 80 investors in a $60 million Ponzi scheme via a crypto trading platform.
The SEC has charged two brothers for running a $60 million cryptocurrency Ponzi scheme involving a fake trading bot.
