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

Scams, Hacks & Breaches Fintech Bank 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 Fraud

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...

Scams, Hacks & Breaches Scams Regulators Brazil

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

Two Men Plead Guilty in $577M ‘Massive Multi-Faceted Crypto Ponzi Scheme’

The US authorities described the operation as “a massive, multi-faceted cryptocurrency Ponzi scheme that victimized hundreds of thousands of people...

Altcoin Scams Fraud Ponzi

Feb, 14, 2025

3 min read

by Cryptonews