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A Ponzi scheme is a fraudulent investment scam that promises high returns with little or no risk to investors. It operates by paying returns to earlier investors using the capital of newer investors rather than generating legitimate profits from investments or...

Eddy Alexandre defrauded tens of thousands of ordinary investors of almost a quarter-billion dollars in his cryptocurrency investment scam. EminiFX was an MLM crypto Ponzi scheme launched in late 2021. The Ponzi scheme pitched weekly returns to investors,...

An online purchase scam involves deceptive practices conducted through the internet, targeting individuals and businesses who make purchases or payments for products or services that either don't exist or differ significantly from what was promised. These scams...

Fake financial institution or banking scams involve fraudulent activities where scammers impersonate legitimate banks or financial institutions to deceive individuals and obtain their confidential financial information. These scams often take the form of phishing...

The "Phantom Investment Scam" is a sophisticated online fraud that plays on the hopes and aspirations of individuals seeking lucrative investment opportunities. This deceptive scheme begins with enticing advertisements or persuasive communication from fraudsters...

In his speech on June 8th at the Piper Sandler Global Exchange & Fintech Conference, the Chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler, drew a comparison between the current state of the cryptocurrency market and the American...

Charity scams involve scammers posing as representatives of charitable organizations or creating fake charities to deceive people into making donations that never reach the intended cause. They employ various tactics such as fake charity websites, cold calling,...

The Rijeka-based company BitLucki, specializing in cryptocurrency trading, allegedly defrauded nearly a thousand investors of at least 70 million euros in cryptocurrencies. According to speculation, the victims of this fraud are domestic crypto enthusiasts. "This is...

The European Union's sweeping set of beefed-up cryptocurrency rules got final approval from member states Tuesday, giving the 27-nation bloc a global lead in regulating the freewheeling sector. The European Council adopted the package of rules — known as Markets in...