An Arizona man who masterminded a $13 million crypto Ponzi scheme pleaded guilty this week to money laundering and conspiracy to obstruct justice c...

DOJ U.S. Department Of Justice Money Laundering Regulators

Jul, 30, 2025

2 min read

by The Daily Hodl

Three US Banks Sued Over Alleged Links to Massive Ponzi Scheme, Accused of Backing Criminal Mastermind Despite Red Flags: Report

Three US banks are facing a class action lawsuit over their alleged involvement in a Ponzi scheme. Community Financial Services Bank, Mechanics Ban...

Bank Fintech Banks US Banks

Jul, 27, 2025

2 min read

by The Daily Hodl

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

Michael Shannon Sims, a founder and promoter of OmegaPro, and Juan Carlos Reynoso, who led OmegaPro’s operations in Latin America and some parts of...

Regulation Policy DOJ US

Jul, 09, 2025

by CoinDesk

Braiscompany $190,000,000 Crypto Ponzi Scheme Lands Mastermind a 128-Year Jail Sentence: Report

The leaders of a Brazilian crypto Ponzi scheme have reportedly been handed a combined sentence of over 170 years behind bars. According to a new re...

Brazil Scams Regulators Scams, Hacks & Breaches

Apr, 18, 2025

2 min read

by The Daily Hodl

Nigerian investors blindsided by massive CBEX Ponzi scheme

Thousands of Nigerians have lost millions to a fraudulent digital asset trading platform, CBEX, which operated as a Ponzi scheme. Early reports fro...

Featured China Scams Crime

Apr, 15, 2025

2 min read

by CryptoSlate