Authorities in Cordoba, a city in central Argentina, have arrested eight promoters of the OneCoin Ponzi scheme. Among those arrested is Edgar Moreno, a well-known local radio and television presenter. Moreno (right)and seven accomplices were arrested on Thursday, on the order of Complex Crimes Prosecutor Enrique Gavier. The full names […]
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Seventeen Eagle Gates Ponzi scammers jailed in Thailand
Following on from the arrest of twenty-one Eagle Gates Group scammers in April, nineteen have since been jailed. On October 28th four Thai and two Taiwanese defendants were found guilty of defrauding the public and committing a transnational crime. As reported by the Bangkok Post; The first defendant was sentenced […]
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Global Trading Club scammers sued by CFTC
The CFTC has filed suit against Global Trading Club scammers Mayco Alexis Maldonado Garcia, Cesar Castaneda, Rodrigo Jose Castro Molina and Joel Castaneda Garcia. Global Trading Club was an MLM Ponzi scheme launched in 2016. The ruse used to steal people’s money was cryptocurrency trading bots. Defendants and others falsely […]
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Flexkom scammers convicted in Belgium
A criminal court in Antwerp has convicted Asker Sakinmaz, Cengiz Ehliz and Erwin Fally. The pair were behind the Flexkom pyramid scheme, which collapsed in 2017. According to local news reports, Belgian authorities began investigating Flexkom back in 2014. The criminal case was initiated following a civil complaint filed by […]
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Xion Cash Review: Omega Group scammers return
Xion Cash provides no information on its website about who owns or runs the business. A few months ago the Omega Group Ponzi scheme collapsed. This prompted CEO Bartosz Nafalski to claim he was a victim. How much money Nafalski cheated Omega Group’s near 100,000 investors has never been disclosed. […]
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Plus Token scammers arrested in China
A year on from its collapse, Chinese authorities have arrested 109 scammers tied to the Plus Token Ponzi scheme. Plus Token was one of the early mobile wallet crypto Ponzi schemes. Launched in late 2018, Plus Token collapsed in mid 2019. At the time Chinese authorities estimated Plus Token caused […]