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cryptocurrency Ponzi scheme

HashFlare Founders Plead Guilty to Wire Fraud in Cryptocurrency Mining Ponzi Scheme

Sergei Potapenko and Ivan Turogin, co-founders of the cryptocurrency cloud mining service HashFlare, have pleaded guilty to charges of conspiracy to commit wire fraud. The US Department of Justice accused HashFlare of operating as a fraudulent investment scheme, misleading investors… Read More »HashFlare Founders Plead Guilty to Wire Fraud in Cryptocurrency Mining Ponzi Scheme

HashFlare Founders Seek Sentence Leniency After $577M Ponzi Scheme Guilty Pleas

Sergei Potapenko and Ivan Turõgin, founders of the cloud mining service HashFlare, are requesting reduced sentences following their guilty pleas related to orchestrating a massive $577 million cryptocurrency Ponzi scheme. After pleading guilty to wire fraud charges, the founders claim… Read More »HashFlare Founders Seek Sentence Leniency After $577M Ponzi Scheme Guilty Pleas