Search Results for: Ponzi
SEC: Forex Trader Misrepresented Track Record and Hid Massive Losses
June 3rd, 2016
The Securities and Exchange Commission charged a New York City-based Forex trader with defrauding investors out of millions of dollars by misrepresenting her investment track record, the profitability of her investments, and her use of investor funds. The SEC alleges ...
Arrests And Prosecutions Reveal Big Vagaries In Bitcoin Selling Regulations
May 23rd, 2016
U.S. laws governing bitcoin trading are vague and sometimes lead to complicated law enforcement actions, according to an article in Fast Company magazine. Anti-money laundering laws require exchanges to verify customers’ identities, but what constitutes an exchange can sometimes be unclear. ...
The Pitfalls Of Buying Gold And Silver Online, And How To Avoid Them
April 4th, 2016
Back in 2014, online bullion dealer Tulving shocked its many customers by suddenly failing. See Coinweek’s story: How does $40M of Gold and Silver Disappear: The Collapse of Tulving Company Last week another one bit the dust: ...
Robert Kiyosaki And Harry Dent Warn That Financial Armageddon Is Imminent
March 31st, 2016
Financial experts Robert Kiyosaki and Harry Dent are both warning that the next major economic crash is in our very near future. Dent is projecting that the Dow will fall to “5,500 to 6,000 by late 2017″, and Kiyosaki ...
Virtual Currency that is rival to Bitcoin, attracts attention and has soared in value
March 28th, 2016
A new virtual gold rush is underway. Even as Bitcoin, riven by internal divisions, has struggled, a rival virtual currency — known as Ethereum — has soared in value, climbing 1,000 percent over the last three months. Beyond the ...
Fake Bitcoin Investment scam defrauded over 1,000 people
March 24th, 2016
A Taiwanese couple seems to have managed to con at least a thousand people by luring them to invest into a fake bitcoin-based investment scheme. This couple reportedly orchestrated the whole program by using two well-known instant messaging applications ...
Chilean Police Probe Forex Firm Amid Allegations of Fraud
March 9th, 2016
Lawsuit against Santiago-based IM Forex was filed on Monday Lawsuit follows separate probe of AC Inversions last week Chilean police are probing a second firm that was offering high returns through leveraged bets in the foreign exchange market, one ...
Israeli investment company Utrade’s controlling shareholder Aviv Talmor was arrested
March 7th, 2016
Utrade controlling shareholder Aviv Talmor arrested. Talmor is suspected of fraud, running a Ponzi scheme, money laundering and managing investment portfolios without a license. Israeli investment company Utrade’s controlling shareholder Aviv Talmor was arrested by the Israel Securities Authority ...
Here’s what the future of bitcoin looks like — and it’s bright
February 15th, 2016
Bitcoin has been proclaimed dead 89 times. It has been labeled a Ponzi scheme and a failed experiment. Writers have argued for it to be forgotten and for developers to move on to greener pastures. But moving beyond this ...
Online finance scam: 21 people involved arrested in China
February 1st, 2016
Chinese officials arrest 21 people over $7.6bn ‘scam’ Chinese authorities have arrested 21 people involved in an online finance scheme which is suspected of defrauding 900,000 investors of about 50bn yuan ($7.6bn; £5.3bn). The 21 people worked for Ezubao, ...
