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News with the tag "ponzi"

cryptonews: Ex-Rugby Star Jailed for $900K Crypto Ponzi Scheme—How a Sportsman Scammed 40+ Investors

15:38 18-07-2025

A former semi-professional rugby player was sentenced to 30 months in prison for operating a $900,000 cryptocurrency Ponzi scheme, defrauding over 40 investors, while the FBI warns of rising crypto-related scams.

CoinDesk: OmegaPro Founder and Co-Conspirator Charged by U.S. DOJ in $650M Ponzi Scheme

06:05 09-07-2025

The U.S. Department of Justice (DOJ) has charged Michael Shannon Sims and Juan Carlos Reynoso for their involvement in the OmegaPro Ponzi scheme, which defrauded investors of over $650 million by promising unrealistic returns.

cryptonews: Crypto Ponzi Scheme Mastermind Gets 8 Years for $40M Investor Fraud—DOJ Confirms

10:08 30-06-2025

Dwayne Golden was sentenced to 8 years in prison for orchestrating a $40M crypto Ponzi scheme through fraudulent platforms, with victims potentially eligible for restitution.

crypto.news: DOJ hands 97-month sentence to crypto scammer for $40m Ponzi scheme

08:15 30-06-2025

Dwayne Golden was sentenced for conspiracy to commit wire fraud and money laundering in connection with a Ponzi scheme, while the DOJ continues to crack down on crypto-related financial crimes.