Fraud
Charges Filed Against OmegaPro Founder and Associate in $650 Million Ponzi Operation
The U.S. DOJ has charged key figures behind OmegaPro for orchestrating a fraudulent investment scheme that cost investors over $650 million.
Crime
Founder of PGI Global Faces Fraud Charges Over Alleged $200 Million Ponzi Scheme
Ramil Palafox is accused of misusing over $57 million from investor funds for personal luxuries, including luxury cars.
Business
U.S. Authorities Incorrectly Order HashFlare Founders to Leave the Country Ahead of Sentencing
Two Estonian founders of HashFlare, involved in a significant Ponzi scheme, received erroneous orders to self-deport just months before their scheduled sentencing.
Finance
Executives of $190M Brazilian Crypto Fraud Receive Over 170 Years in Sentences
Three individuals behind the Braiscompany Ponzi scheme have been sentenced collectively to 171 years in prison for defrauding investors.
Altcoins
India’s ED Seizes $190 Million in Crypto, Unveils BitConnect Scam
Indian authorities have confiscated crypto assets linked to the notorious BitConnect Ponzi scheme, valued at approximately $190 million.
Crypto
Guilty Pleas from HashFlare Founders in Major Crypto Fraud Case
Sergei Potapenko and Ivan Turõgin face significant prison time for their role in a $577 million crypto Ponzi scheme.
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