Ponzi
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đ¨ Major movement alert
789,533 $ETH (~$2B) transferred from wallets dormant for 3.3 years.
These funds, seized by Chinese police in the PlusToken Ponzi crackdown, originated from the "Plus Token Ponzi 2" wallet.
#Ponzi #CryptoTransfers #Binancefeed #TrendingTopic
789,533 $ETH (~$2B) transferred from wallets dormant for 3.3 years.
These funds, seized by Chinese police in the PlusToken Ponzi crackdown, originated from the "Plus Token Ponzi 2" wallet.
#Ponzi #CryptoTransfers #Binancefeed #TrendingTopic
Dodging Crypto Danger Zones in 2024 - #Write2Earn
Crypto's booming, but littered with hazards. Here's what to avoid:
Hype-driven #Memcoin.: Dogefather, Shibal Inu - their rise is fleeting, fueled by social media fads, not substance.
Unclear Roadmaps and Teams: Vague #whitepapers, anonymous teams, unrealistic promises - red flags screaming "scam!"
Crypto #Ponzi Schemes: Guaranteed returns, emphasis on recruitment - pyramid schemes destined to implode.
Inflated Supply, Weak Tokenomics: A sea of tokens dilutes value, look for controlled supply and burn mechanisms.
Fake ETCs: No actual crypto backing, pure counterparty risk, stick to the real deal.
Regulatory Crackdowns: Non-compliant or risky projects, face government wrath and crumble.
Ghost Towns: Dormant projects, stagnant development, ghost towns with no future.
Copycats and Plagiarists: No innovation, just riding coattails, destined to be eclipsed.
Energy Guzzlers: PoW giants under environmental scrutiny, future uncertain.
Influencer Pumping: Paid shills and sudden spikes = pump-and-dumps, leaving you holding the bag.
Crypto's a wild ride, but by avoiding these danger zones, you can navigate smarter and maximize your chances of success. Remember, research is your shield, skepticism your compass. Invest wisely!
Crypto's booming, but littered with hazards. Here's what to avoid:
Hype-driven #Memcoin.: Dogefather, Shibal Inu - their rise is fleeting, fueled by social media fads, not substance.
Unclear Roadmaps and Teams: Vague #whitepapers, anonymous teams, unrealistic promises - red flags screaming "scam!"
Crypto #Ponzi Schemes: Guaranteed returns, emphasis on recruitment - pyramid schemes destined to implode.
Inflated Supply, Weak Tokenomics: A sea of tokens dilutes value, look for controlled supply and burn mechanisms.
Fake ETCs: No actual crypto backing, pure counterparty risk, stick to the real deal.
Regulatory Crackdowns: Non-compliant or risky projects, face government wrath and crumble.
Ghost Towns: Dormant projects, stagnant development, ghost towns with no future.
Copycats and Plagiarists: No innovation, just riding coattails, destined to be eclipsed.
Energy Guzzlers: PoW giants under environmental scrutiny, future uncertain.
Influencer Pumping: Paid shills and sudden spikes = pump-and-dumps, leaving you holding the bag.
Crypto's a wild ride, but by avoiding these danger zones, you can navigate smarter and maximize your chances of success. Remember, research is your shield, skepticism your compass. Invest wisely!
LIVE
Binance Risk Sniper
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The BTR Ponzi scheme (www.btrxzg.com) is spreading in South America (especially Venezuela). The scammers are establishing contact with users through WhatsApp and promising high investment returns, along with a fake VIP system, and the scammers are running away.
Please remember that all promised high returns are likely to be very risky. Please do a comprehensive investigation before you invest.
Please remember that all promised high returns are likely to be very risky. Please do a comprehensive investigation before you invest.
$BTC #bitcoinhalving #BTC
As the saying goes... SELL In May and walk away...
If we get hit with this shocker,
What will you do?
Buy more? Liquidated? #Crypto is a scam?
#Ponzi premature collapse đŤŁ
NFA just speculation, don't panic "Yet" đ
As the saying goes... SELL In May and walk away...
If we get hit with this shocker,
What will you do?
Buy more? Liquidated? #Crypto is a scam?
#Ponzi premature collapse đŤŁ
NFA just speculation, don't panic "Yet" đ
$NEIRO
check the official website. It looks like the Scam.
people have invested millions on this coin and many got liquidated with their hard earned money .
its a manipulative shit coin. be aware it can be rugged pull anytime .
#ponzischeme #Ponzi #questionable
check the official website. It looks like the Scam.
people have invested millions on this coin and many got liquidated with their hard earned money .
its a manipulative shit coin. be aware it can be rugged pull anytime .
#ponzischeme #Ponzi #questionable
Chinese Authorities Crack Down on $280 Million Cryptocurrency Ponzi Scheme. đ¨đłđŽđťââď¸
In a significant breakthrough, the Yuanbao Branch of Chifeng City Domestic Security Bureau in Inner Mongolia, China, has successfully dismantled a major cryptocurrency Ponzi scheme. Operating from Beijing, the undisclosed platform employed sophisticated organizational structures and innovative marketing tactics, raising suspicions of criminal activities involving cryptocurrencies.
With operations spanning 13 provinces and cities, the platform boasted over 18,000 registered members. The total transaction flow surpassed 2 billion yuan ($280 million), revealing the scale of the illicit activities. The primary focus of the scheme was a classic Ponzi structure.
Chinese law enforcement swiftly responded, arresting 30 suspects associated with the cryptocurrency platform. Additionally, they froze nearly 10 million yuan linked to the case. Ongoing investigations are in progress, with two main suspects voluntarily surrendering to authorities.
This case unfolds against the backdrop of China's existing ban on cryptocurrency assets. Despite the ban, the allure of virtual assets persists, leading many Chinese citizens to access crypto platforms through VPNs.
The crackdown on this sizable Ponzi scheme highlights the authorities' commitment to combating illegal activities within the cryptocurrency space. As the investigation unfolds, it serves as a stark reminder of the challenges posed by the intersection of financial technology and criminal enterprises.
#China #cryptocurrency #VPN #ponzischeme #Ponzi
In a significant breakthrough, the Yuanbao Branch of Chifeng City Domestic Security Bureau in Inner Mongolia, China, has successfully dismantled a major cryptocurrency Ponzi scheme. Operating from Beijing, the undisclosed platform employed sophisticated organizational structures and innovative marketing tactics, raising suspicions of criminal activities involving cryptocurrencies.
With operations spanning 13 provinces and cities, the platform boasted over 18,000 registered members. The total transaction flow surpassed 2 billion yuan ($280 million), revealing the scale of the illicit activities. The primary focus of the scheme was a classic Ponzi structure.
Chinese law enforcement swiftly responded, arresting 30 suspects associated with the cryptocurrency platform. Additionally, they froze nearly 10 million yuan linked to the case. Ongoing investigations are in progress, with two main suspects voluntarily surrendering to authorities.
This case unfolds against the backdrop of China's existing ban on cryptocurrency assets. Despite the ban, the allure of virtual assets persists, leading many Chinese citizens to access crypto platforms through VPNs.
The crackdown on this sizable Ponzi scheme highlights the authorities' commitment to combating illegal activities within the cryptocurrency space. As the investigation unfolds, it serves as a stark reminder of the challenges posed by the intersection of financial technology and criminal enterprises.
#China #cryptocurrency #VPN #ponzischeme #Ponzi
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Chinese authorities crack down on $280 million cryptocurrency Ponzi scheme. đ¨đłđŽđťââď¸
In a major breakthrough, the Yuanbao Branch of the Domestic Security Bureau in Chifeng City, Inner Mongolia, China, successfully dismantled a major cryptocurrency Ponzi scheme. Operating from Beijing, the undisclosed platform used sophisticated organizational structures and innovative marketing tactics, raising suspicions of criminal activity involving cryptocurrencies.
With operations spanning 13 provinces and cities, the platform had over 18,000 registered members. The total transaction flow exceeded 2 billion yuan ($280 million), revealing the scale of illicit activities. The main objective of the project was a classic Ponzi structure.
Chinese law enforcement quickly responded, arresting 30 suspects associated with the cryptocurrency platform. In addition, they froze nearly 10 million yuan related to this case. Investigations are ongoing, and two main suspects have voluntarily surrendered to authorities.
This case takes place against the backdrop of China's current ban on cryptocurrency assets. Despite the ban, the allure of virtual assets persists, leading many Chinese citizens to access crypto platforms via VPNs.
The crackdown on this major Ponzi scheme highlights the authorities' commitment to combating illegal activity in the cryptocurrency space. As the investigation unfolds, it is a stark reminder of the challenges posed by the intersection of financial technology and criminal enterprises.
#China #cryptocurrency #VPN #ponzischeme #Ponzi
In a major breakthrough, the Yuanbao Branch of the Domestic Security Bureau in Chifeng City, Inner Mongolia, China, successfully dismantled a major cryptocurrency Ponzi scheme. Operating from Beijing, the undisclosed platform used sophisticated organizational structures and innovative marketing tactics, raising suspicions of criminal activity involving cryptocurrencies.
With operations spanning 13 provinces and cities, the platform had over 18,000 registered members. The total transaction flow exceeded 2 billion yuan ($280 million), revealing the scale of illicit activities. The main objective of the project was a classic Ponzi structure.
Chinese law enforcement quickly responded, arresting 30 suspects associated with the cryptocurrency platform. In addition, they froze nearly 10 million yuan related to this case. Investigations are ongoing, and two main suspects have voluntarily surrendered to authorities.
This case takes place against the backdrop of China's current ban on cryptocurrency assets. Despite the ban, the allure of virtual assets persists, leading many Chinese citizens to access crypto platforms via VPNs.
The crackdown on this major Ponzi scheme highlights the authorities' commitment to combating illegal activity in the cryptocurrency space. As the investigation unfolds, it is a stark reminder of the challenges posed by the intersection of financial technology and criminal enterprises.
#China #cryptocurrency #VPN #ponzischeme #Ponzi
Charles Ponzi: The Most Famous Conman in HistoryâđĽ¸đĽ¸đĽ¸
Charles Ponzi: The Most Famous Conman in History
Charles Ponzi, one of historyâs most notorious conmen, became infamous for orchestrating one of the largest financial frauds of the early 20th century, forever associating his name with the term "Ponzi Scheme." His rise and fall serve as a classic tale of greed, deceit, and the allure of too-good-to-be-true investments.
The Early Life of Charles Ponzi
Charles Ponzi was born in Lugo, Italy, in 1882 and emigrated to the United States in 1903 with dreams of wealth and success. Despite his ambition, Ponzi struggled to find steady employment, drifting between odd jobs and petty crimes. After a series of failed ventures and a brief stint in prison for forging checks, Ponzi set his sights on a grander scheme that would ultimately make him a household name.
The Birth of the Ponzi Scheme
Ponzi's infamous scheme began in 1919 when he founded the Securities Exchange Company in Boston. He promised investors extraordinarily high returnsâ50% in 45 days or 100% in 90 daysâby supposedly exploiting price differences in international postal reply coupons. Ponzi claimed he could buy these coupons cheaply in one country and sell them for a profit in another, capitalizing on currency exchange rates.
In reality, Ponzi was not investing in coupons at all. Instead, he used the money from new investors to pay off earlier investors, creating the illusion of a profitable and legitimate business. This strategy, known today as a Ponzi scheme, relies on a continuous influx of new investments to pay returns to earlier investors, without generating any actual profit.
The Rise and Fall of Ponzi
At the height of his scheme, Ponzi was raking in millions of dollars, living lavishly in a mansion and enjoying a lifestyle of luxury. He became a media sensation, hailed as a financial genius, and attracted thousands of investors, including working-class individuals who entrusted their life savings to him.
However, Ponziâs empire was built on a fragile foundation. In 1920, investigative journalists and federal authorities began to scrutinize his business practices. A series of audits revealed that Ponzi was deeply in debt, and there were no substantial assets backing his promises. The house of cards collapsed quickly, and in August 1920, Ponzi was arrested. He pleaded guilty to mail fraud and was sentenced to prison.
Legacy of the Ponzi Scheme
Charles Ponziâs scam is often seen as a cautionary tale of greed, gullibility, and the dangers of high-risk investments. His scheme not only defrauded thousands of investors but also left a lasting impact on financial regulations, prompting stricter oversight and anti-fraud measures in the financial markets.
Ponzi was released from prison in 1934 and was deported to Italy, spending his final years in poverty. He died in 1949, leaving behind a legacy as one of the most infamous swindlers in history.
Charles Ponziâs story remains relevant today as a reminder of the perils of unchecked ambition and the importance of skepticism in investing. His name has become synonymous with fraudulent schemes that prey on human trust and greed, forever marking him as the quintessential conman of the modern era.
#ponzischeme #Ponzi #scamriskwarning #DODOEmpowersMemeIssuance
$DODO $IOTX $APT
Charles Ponzi, one of historyâs most notorious conmen, became infamous for orchestrating one of the largest financial frauds of the early 20th century, forever associating his name with the term "Ponzi Scheme." His rise and fall serve as a classic tale of greed, deceit, and the allure of too-good-to-be-true investments.
The Early Life of Charles Ponzi
Charles Ponzi was born in Lugo, Italy, in 1882 and emigrated to the United States in 1903 with dreams of wealth and success. Despite his ambition, Ponzi struggled to find steady employment, drifting between odd jobs and petty crimes. After a series of failed ventures and a brief stint in prison for forging checks, Ponzi set his sights on a grander scheme that would ultimately make him a household name.
The Birth of the Ponzi Scheme
Ponzi's infamous scheme began in 1919 when he founded the Securities Exchange Company in Boston. He promised investors extraordinarily high returnsâ50% in 45 days or 100% in 90 daysâby supposedly exploiting price differences in international postal reply coupons. Ponzi claimed he could buy these coupons cheaply in one country and sell them for a profit in another, capitalizing on currency exchange rates.
In reality, Ponzi was not investing in coupons at all. Instead, he used the money from new investors to pay off earlier investors, creating the illusion of a profitable and legitimate business. This strategy, known today as a Ponzi scheme, relies on a continuous influx of new investments to pay returns to earlier investors, without generating any actual profit.
The Rise and Fall of Ponzi
At the height of his scheme, Ponzi was raking in millions of dollars, living lavishly in a mansion and enjoying a lifestyle of luxury. He became a media sensation, hailed as a financial genius, and attracted thousands of investors, including working-class individuals who entrusted their life savings to him.
However, Ponziâs empire was built on a fragile foundation. In 1920, investigative journalists and federal authorities began to scrutinize his business practices. A series of audits revealed that Ponzi was deeply in debt, and there were no substantial assets backing his promises. The house of cards collapsed quickly, and in August 1920, Ponzi was arrested. He pleaded guilty to mail fraud and was sentenced to prison.
Legacy of the Ponzi Scheme
Charles Ponziâs scam is often seen as a cautionary tale of greed, gullibility, and the dangers of high-risk investments. His scheme not only defrauded thousands of investors but also left a lasting impact on financial regulations, prompting stricter oversight and anti-fraud measures in the financial markets.
Ponzi was released from prison in 1934 and was deported to Italy, spending his final years in poverty. He died in 1949, leaving behind a legacy as one of the most infamous swindlers in history.
Charles Ponziâs story remains relevant today as a reminder of the perils of unchecked ambition and the importance of skepticism in investing. His name has become synonymous with fraudulent schemes that prey on human trust and greed, forever marking him as the quintessential conman of the modern era.
#ponzischeme #Ponzi #scamriskwarning #DODOEmpowersMemeIssuance
$DODO $IOTX $APT
Crypto "#TradingBot " #Ponzi Scheme Busts: Two Men Charged by #DOJ
The US Department of Justice (DOJ) has charged two men with running a $25 million crypto Ponzi scheme disguised as a "trading bot." David Saffron and Vincent Mazzotta allegedly lured victims with promises of high returns from an automated trading bot, while using new investor funds to pay off earlier investors.
The Charges:
- Conspiracy to commit wire fraud
- Wire fraud
- Conspiracy to obstruct justice
- Conspiracy to commit money laundering
- Money laundering
The Scheme:
- Saffron and Mazzotta operated various entities, including Circle Society, Bitcoin Wealth Management, Omicron Trust, Mind Capital, and Cloud9Capital.
- They lured victims with promises of high returns generated by an AI-powered trading bot.
- Instead, they used new investor funds to pay off earlier investors, creating the illusion of profitability.
- The scheme allegedly defrauded victims of over $25 million.
The Potential Penalties:
- Each count of conspiracy to commit wire fraud and money laundering carries a maximum penalty of 20 years in prison.
- Each wire fraud count carries a maximum penalty of 20 years in prison.
- Each money laundering count carries a maximum penalty of 10 years in prison.
- The conspiracy to obstruct justice charge carries a maximum penalty of 5 years in prison.
The Takeaway:
This case serves as a stark reminder of the dangers of investing in unregulated and potentially fraudulent cryptocurrency schemes. Investors should always conduct thorough research before investing any money, and should be wary of any promises of guaranteed or high returns.
#CryptoNewsđđ°đŤ #BinanceSquare
The US Department of Justice (DOJ) has charged two men with running a $25 million crypto Ponzi scheme disguised as a "trading bot." David Saffron and Vincent Mazzotta allegedly lured victims with promises of high returns from an automated trading bot, while using new investor funds to pay off earlier investors.
The Charges:
- Conspiracy to commit wire fraud
- Wire fraud
- Conspiracy to obstruct justice
- Conspiracy to commit money laundering
- Money laundering
The Scheme:
- Saffron and Mazzotta operated various entities, including Circle Society, Bitcoin Wealth Management, Omicron Trust, Mind Capital, and Cloud9Capital.
- They lured victims with promises of high returns generated by an AI-powered trading bot.
- Instead, they used new investor funds to pay off earlier investors, creating the illusion of profitability.
- The scheme allegedly defrauded victims of over $25 million.
The Potential Penalties:
- Each count of conspiracy to commit wire fraud and money laundering carries a maximum penalty of 20 years in prison.
- Each wire fraud count carries a maximum penalty of 20 years in prison.
- Each money laundering count carries a maximum penalty of 10 years in prison.
- The conspiracy to obstruct justice charge carries a maximum penalty of 5 years in prison.
The Takeaway:
This case serves as a stark reminder of the dangers of investing in unregulated and potentially fraudulent cryptocurrency schemes. Investors should always conduct thorough research before investing any money, and should be wary of any promises of guaranteed or high returns.
#CryptoNewsđđ°đŤ #BinanceSquare
Rodney Burton Arrested in Florida on HyperFund Charges
Rodney Burton, aka âBitcoin Rodneyâ, was arrested in Florida on January 4th, 2024.Burton has been indicted on HyperFund fraud charges, filed as part of a wider criminal case in Maryland. Following Burtonâs arrest, he made his initial appearance in the Southern District of Florida.Burton (belowđđž) was ordered moved to the District of Maryland, where multiple HyperFund related indictments are believed to have been filed under seal.An IRS agent affidavit filed in support of Burtonâs Complaint cites a ânetwork of HyperFund promotersâ, but at this stage itâs unclear who else has been charged.Presumably the broader HyperFund criminal case extends to co-founders Ryan Xu (aka Zijing Xu) and Sam Lee (aka Xue Lee).Getting back to Burton, on January 5th he invoked his right to remain silent. Then on January 8th the DOJ moved to reseal the original docket filing (details of the case).This was approved later the same day. Thankfully Sarah Martin at the Guardianwas able to access the filing between Burtonâs arrest and the resealing. She was kind enough to provide BehindMLM a copy.As per the IRS supporting affidavit, Burton, as a promoter of HyperFund, has been charged with:operating an unlicensed money transmitting business andconspiracy to commit operating an unlicensed money transmitting businessThe joint IRS-DOJ investigation into HyperFund is part of a broader investigation into the HyperTech Ponzi schemes.These Ponzi schemes include:HyperCapital â launched in 2020 following the collapse of HyperCash;HyperFund â launched later in 2020 following the collapse of HyperCapital;Hyperverse â launched in 2021 following the collapse of HyperFund; andHyperNation â launched in 2022 following the collapse of HyperverseHyperNation itself collapsed in May 2023. In July 2023 Sam Lee claimed he was ârebuilding Hyperverseâ but, as far as I know, nothing came of it.Cited as part of a ânetwork of HyperFund promoters, the IRS affidavit states Burton and his co-conspiratorsmade fraudulent promotional presentations to investors and potential investors.In those presentations, promoters touted HyperFundâs investment programs, including the purported returns that prospective investors could earn from investing with HyperFund.Among other representations, HyperFund falsely claimed that investors who purchased âmembershipsâ would receive between 0.5% to 1% daily in passive rewards until HyperFund doubled or tripled the investorâs initial investment.HyperFund did not have any such operations.To the extent investors saw the accrual of any rewards, those investors were paid with funds collected from more recent investors.Beginning in or about July 2020âshortly after HyperFund was establishedâand through in or about January 2022, BURTON accepted U.S. dollars from investors in HyperFund, in the form of checks or wire transfers.In exchange for those payments and a three percent fee, BURTON transferred a purportedly equivalent amount of Tether cryptocurrency and/or HU from his HyperFund account to the investorsâ HyperFund accounts.BURTON communicated with other HyperFund promoters regarding accepting U.S. dollars in exchange for Tether and/or HU.He advised Individual 1, a resident of Anne Arundel County and another HyperFund promoter, to instruct investors to send U.S. dollars (via wire or check) with the memo line âConsultation/Training,â even though no consulting services were rendered.BURTON told Individual 1 that the reason for so instructing investors was to avoid drawing scrutiny from banks, as the banks might shut down their accounts.On April 14, 2021, at 8:52 a.m., Individual 2 texted BURTON âto make sure nothing is going on with Hyperfundâ because, among other reasons â[y]ou said donât send anymore money up let you catch up.âTwo minutes later, at 8:54 a.m., BURTON responded saying âLol, no nothing is wrong. I said let me catch up causeI got so many checks that ppl are sending me. Iâm adding to my portfolio. I still havenât finished funding the ones I got.âFrom this we can surmise that these co-conspirators are cooperating with authorities (as per the original motion to seal Burtonâs Florida docket, Burton was unaware of the case prior to his arrest). Whether the cited individuals have also been arrested remains unclear.In March 2021, one Maryland victim cited in the affidavit lost $40,000 via wire transfer to Burton Holdings Co. An additional $10,000 was then wired to The Bit Group LLC.In April 2021, the victimâs wife would go on to wire an additional $20,500 to Burton Holdings Co.While this is unlikely to be the total amount Burton stole through the HyperTech Ponzi schemes, the IRS affidavit pegs initial ill-gotten gains at $7.8 million.I have reviewed bank records associated with BURTONâs personal bank accounts and the accounts for the companies over which he has control.Analysis of these records show that from June 2020 through January 2022, BURTON received 562 wire transfers or cashierâs checks, totaling $7,851,711, from individuals who wished to invest in HyperFund.An analysis of these payments shows that they originated from investors in the District of Maryland and at least twenty-six other states, one U.S. territory, and Canada.The majority of funds Burton stole through HyperFund were laundered through Burton Holdings Co., a shell company registered in Maryland.If convicted, Burton faces up to five years on both criminal counts.Beyond there most certainly being other HyperTech related indictments still under seal, thatâs all we know for now. I have a number for Burtonâs Maryland case but the docket and filings are still under seal.Itâs assumed weâll get more details pending further HypterTech related arrests.#HyperFund #Hyperverse #HyperCash #CryptoScamAlert #Ponzi
#lending Platforms were like #Ponzi .
The court report shows that Celsius' lending to the USDT issuer Tether grew to over $2 billion in 2021, it also made unsecured loans to players such as Anchorage, Flow Traders, Galaxy Digital and an FTX subsidiary.
#crypto2023
-TheBlock
The court report shows that Celsius' lending to the USDT issuer Tether grew to over $2 billion in 2021, it also made unsecured loans to players such as Anchorage, Flow Traders, Galaxy Digital and an FTX subsidiary.
#crypto2023
-TheBlock
đ¨ Breaking News: SEC Charges Two Brothers in $61 Million Crypto Ponzi Scheme đ¨
The SEC has just announced charges against two brothers involved in a $61 million crypto investment Ponzi scheme. This case is yet another reminder that in the world of crypto, not all that glitters is gold. đ
As we navigate the rapidly evolving landscape of digital assets, it's crucial to stay informed and vigilant. Scams like these highlight the importance of due diligence and the need for proper regulation to protect investors.
Whether you're a seasoned investor or just starting out, always remember toDo Your Research: Don't just follow the hypeâunderstand the fundamentals.
Be Skeptical of Unrealistic Returns: If it sounds too good to be true, it probably is.
Trust, But Verify: Ensure that the platform or individuals you're investing with are reputable.
The crypto space holds immense potential, but it's also rife with risks. Let's stay educated, stay safe, and continue to push for a transparent and secure financial ecosystem. đŞ
#CryptoMarketMoves #SECCryptoRegulation #ponzischeme #Ponzi #BinanceSquareFamily
$BTC
$ETH
$BNB
The SEC has just announced charges against two brothers involved in a $61 million crypto investment Ponzi scheme. This case is yet another reminder that in the world of crypto, not all that glitters is gold. đ
As we navigate the rapidly evolving landscape of digital assets, it's crucial to stay informed and vigilant. Scams like these highlight the importance of due diligence and the need for proper regulation to protect investors.
Whether you're a seasoned investor or just starting out, always remember toDo Your Research: Don't just follow the hypeâunderstand the fundamentals.
Be Skeptical of Unrealistic Returns: If it sounds too good to be true, it probably is.
Trust, But Verify: Ensure that the platform or individuals you're investing with are reputable.
The crypto space holds immense potential, but it's also rife with risks. Let's stay educated, stay safe, and continue to push for a transparent and secure financial ecosystem. đŞ
#CryptoMarketMoves #SECCryptoRegulation #ponzischeme #Ponzi #BinanceSquareFamily
$BTC
$ETH
$BNB
đŠ2021 - To-Date SCAMS , SECURITIES FRAUD, PYRAMID SCHEME AND PONZI SCHEME WARNING LISTS (503 LIST):
Below you'll find both active, inactive, dormant, rebooted, rebranded and collapsed businesses (503):(majority of these lists has either rug pull or rebranded their names & company websites altogether but by their same tales you shall know them đđ
)⢠1044Proâ˘Â 5 Billion Salesâ˘Â 50/50 Crowdfunding (reboot to CoopCrowd)⢠4QLife⢠8 Figure Dream Lifestyle⢠ABA Marketing (rebooted to 7 Flags Club) ⢠ACN⢠Affluence Network⢠AI Marketing (reboot to CashBackPro)⢠Alliance In Motion Global (AIM Global)⢠AirBit Club⢠Alcor Trade (former Antares Trade)⢠Algotech (rebooted as WinWheel)⢠Allied Wallet⢠Alluyssian Sciences⢠Alovea⢠Aluva⢠Antares Trade (reboot to Alcor Trade)⢠AmpLIFEi⢠Antis Capital⢠AntUSD⢠Apex Financial⢠Aplex VA (part of Throne Legacy Capital)⢠Appi Travels⢠Arctic Nutrition⢠Areons⢠Artery Network⢠Assure For Life⢠Atteva⢠AuBit (rebooted as Freeway) â˘Â Average Joe Profit System â˘Â AuLives (acquired by Validus, merged)⢠Aura 4 Financeâ˘Â AutoTrade Gold (Panthera Trade Technologies, LegoMarket LLC, Pansaka)â˘Â Auvoria Prime â˘Baccaratâ˘Â Bakuhatsu â˘Â Belfast Capital Group ⢠Bastion Invest⢠BE, Be Rules or Be Factor (former Mellius)⢠Be International⢠Bedrock Experts⢠Better Globe (prev Green Planet) ⢠Beurax⢠Beyond⢠Bitassets Ventureâ˘Â BitClub Network ⢠BitCoiin⢠BitcoLoanâ˘Â BitConnect ⢠Bitflow Asset⢠Bitles⢠BitLocity⢠BitPayProfits⢠BitPlam⢠BitRobot⢠BitWings⢠Bixo Money (former BixoTrade)⢠BlackOxygen Organics⢠Blessings In No Time (BINT)⢠Blockchain Capital⢠Blockchain Global (ACX)⢠Block Consult⢠BloxTec⢠BNB33 Club⢠BNBBusiness ⢠BNB Profit⢠BNB Stake⢠BoldGains International⢠Bomb Party⢠BotTronic⢠Bruxis Trading⢠Bulavita⢠Juuva (former Wakaya Perfection)⢠BullRunâ˘Â Cannerald⢠CashBack Marketing⢠CashBackPro (former AI Marketing)⢠Calerie⢠Carcoinâ˘Â Cash Forex Group (CashFX)⢠CBI Global (reboot from Uhuru Tribe)⢠Centurion Global (former Ducatus Network)⢠CHY Mall⢠ClearUnited⢠CoinChain Digitalâ˘Â CoinOptionâ˘Â Cloud Horizon ⢠Cloud Token⢠ClubShop⢠Commodum⢠Common Sense Wellnes Worldwideâ˘Â Conligus (sold to OneCoin)⢠CTCoin (Control Traders)⢠Control Finance⢠Coop5050 (former CoopCrowd and 50/50 Crowdfunding⢠Cooperative Crowdfunding⢠CopyProTraders⢠Corsair Group (Cloud Horizon) â˘Â Crowd 1 (Planet IX) â˘Â Crowdbridge Global ⢠Crunchi⢠CrypArena⢠Crypto Advice (Mended Minds, Secugenius, QuickX)⢠Cryptoberg⢠CryptobestFX247⢠Cryptolon⢠CryptoSook⢠CryptoSpotâ˘Â CubeBit (reboot to CubeBit 2.0)⢠CVC Fundingâ˘Â CyberChain â˘Â DagCoin â˘Â Daisy AI ⢠Daxio⢠DDKoin⢠DeFiNatics⢠DigiCoin⢠Digital Income Systems⢠Digital Money Markets⢠Digital Profit⢠Direct Cellars⢠Divine Prosperity Blossom⢠doTerra⢠Driven Propertiesâ˘Â Ducatus Network (reboot to Centurion Global)â˘Â DuoLifeâ˘Eclipcity Global⢠Eaconomy (partnered with Beyond Wealth)⢠Easy1Upâ˘Â EclipCity Global ⢠EcoTradeâ˘Â eComelize ⢠Edain (EAI token)⢠Elamant⢠Elevate Passâ˘Â Elixooâ˘Â Elon Musk scam⢠Elysium Capitalâ˘Â Elysium Network ⢠EndoTechâ˘Â EmpiresX ⢠Empowered Consumerism (AIM Global)â˘Â Enigro Group (rebooted to The Opportunity Network)⢠eOracle (reboot to Espian Global)⢠Epika Globalâ˘Â Espian Global (former eOracle) â˘Â EtherScan ⢠EtherConnect⢠Evo Binary⢠Evolution Gifting Communityâ˘Â EvoRich (Skywaay Capital / NEEW) ⢠Exove Investment⢠Exp Realty⢠Expo R&M⢠F2S Fund⢠Family First Life⢠EzyTRX (reboot to EzyTRX II)â˘Â Finalmente Global â˘Â Finance & Business Consulting (FBC)⢠Financial Education Services⢠Finiko⢠Flexkom (rebooted to Weeconomy)⢠Fola Global (FamilyMart)⢠FomoEx⢠Forsage BUSD (former Forsage, Fortron, Forsage Tron, Forsage XGold)â˘Â Freebay (former G999) â˘Â Freedom Groupâ˘Â FirstCoin Club â˘Â FutureNet⢠Future Maker Life Care⢠Futurion Financeâ˘Gameas⢠Ganancias Deportivas⢠G999 (GSPartners, in partnership with Driven Properties)⢠GainBTTâ˘Â GetOn Global ⢠Gifting Communityâ˘Â Gift Of Legacyâ˘Â Global I Gold Online (GIG-OS) (former EmGoldex and Global InterGold)⢠GladiaCoin⢠Globalytics Tech Research (rebooted from Jubilee Ace) â˘Â Global I Gold Online ⢠Global Investment Trading (dba Liyeplimal)⢠Global Sponsorship Network (GSN) reboot from OneLink⢠Global Technology & Innovation ⢠Global Trading Club⢠Go9Tro⢠GoFounders⢠GreenChoyce⢠GreenGold⢠GriddyProâ˘Headway Capital (clone of Ax Trader)⢠Hulsaâ˘Â Hustle With Us⢠HybridTech Global â˘Â HyperFund (former HyperCapital)⢠HyperMining (HyperTech)⢠Hyperverse/ HyperVerse Ecosystem, short VerseEco, consists of Nebula, Galaxy Decentralized Capital and VerseDAO, HyperCash, HU, MOF, HVT, HDAO, partnership Genaro Network (GNX token)â˘IAM Worldwide⢠iBG Finance⢠iBuumerang/Ellev8 (former Countdown4Freedom)⢠IDentityUSA⢠i-Fern⢠iGenius⢠iHub Global⢠Ilgamos (reboot to ILGON)⢠Impero Solutions⢠(reboot from EurekaCoin)⢠INB Network (CashBackPro, former AI Marketing)⢠InCruises⢠Indusviva⢠Infinity Global (Bitex)â˘Â Infinity2Globalâ˘Â InnerQuest Global â˘Â IM Mastery Academy⢠Impero Solutions⢠Incomatrix⢠Innov8tive Nutrion⢠Intelligence Prime Capital (IPC Trade, IPCapital)⢠Intense Live⢠International TEFL Organization⢠Investrix⢠Investview (reboot as Kuvera Global, brand iGenius)⢠Infinity Loops⢠iPro Network (ProCurrency, PROC)â˘Â IQ Chain (rebranded to IQ Legacy) â˘Â IQ 5050 ⢠iQuandex⢠Isagenix⢠iX Globalâ˘Â IX Inversorsâ˘Jaa LifeStyle⢠JetCoin⢠Jeuness⢠JN Jewelry⢠Jonny Blockchainâ˘Â Jubilee Ace ⢠Just Been Paid 2020â˘Â Karatbars International (LifeBase, G999, Freebay)⢠Kevlar Gifting Communities (reboot to Gifting Communities)⢠Kindred Heartsâ˘Â King Finance⢠KOK Play⢠Kripto Future⢠Kryptogenex⢠Lifestyle Marketing Groupâ˘Â Kuailian Eco-system⢠Kynect Energy (acquired by ACN)⢠Laetitude⢠Learn Build Lead (LBL)⢠LeoTrade⢠Level Up 247â˘Â LifeBase ⢠Lion's Share⢠Liv Labs⢠Liyeplimal Crypto MLM System⢠Lobto⢠Longrich⢠Lucky Dozens⢠Lueur Lauren International⢠LuLaRoe⢠Lyconet⢠Lyoness⢠Mag Markets⢠Majesty Hash pro⢠MarfinFX⢠Maskcara (rebranded as Seint) Matt Bot AI⢠Matic Business⢠Matrix Proâ˘Â Matrix Pro Leadsâ˘Â MBI International⢠Medical Marketing Project (MMP)⢠Mfinity Global (former Bulavita)⢠Mido Finance⢠Mindset 24 Global⢠Minedâ˘Â Mined Capital⢠Minerva Trading Bot (CMC Invest)⢠Mining City⢠MineRift⢠Mint Builder⢠Mirollexâ˘Â Mirror Trading International ⢠MMM Global⢠MOBE (QualPay)⢠Model Farming⢠Monat⢠Monetize 911⢠MoneyTime⢠Monk Trading Investment⢠MultiplyWESA⢠MVR Life⢠My Blockchain Life⢠MyCOM⢠MyCryptoWorld⢠My Daily Choice⢠My Freedom in 365⢠MyGBit Mining⢠My Passive Trades⢠myWorld (Lyoness)â˘Nacometaâ˘Â Namiro â˘Â Nano Club â˘Â Nano Crowd ⢠Navan Global (sold to Ariix)⢠NBH Finance (NBH Group)⢠Ncrease⢠Neora (formerly Nerium International) ⢠NewChoyceâ˘Â New Economic Evolution of the World (NEEW)⢠NextLevelX⢠Nexyiu⢠Nimbus Platform⢠Nominex⢠NortheStar⢠Nowsite Marketing⢠NRGY GO⢠NuSkin⢠Nussentials⢠Nu Xtraxâ˘Â Nutonicâ˘Omega Digitalâ˘Â Omegapro Forex â˘Â OneCoin ⢠One Eco System (rebranded to OneLife Network) OneDealer AS Norway â˘Â OneLife Network â˘Â OneLink (Global Sponsorship Network) â˘Â OnPassive ⢠Onward Capital⢠Oola Global⢠Open Alexaâ˘Â Opportunity Network (sold to OneCoin)â˘Â Orientum ⢠OrbiXVictus (AIM Global) ⢠Orion Financeâ˘Â Ormeus Global ⢠Oro One⢠OSM Software Solutions⢠O'Snap⢠OXO Worldwideâ˘PandaTron⢠Paparazzi Accessories⢠PartyLite⢠Passive Tron Profitsâ˘Â Paytron BTCâ˘Â PBX Trading (former Premium Business)⢠PetronPay⢠Phenomenal Club⢠PIE 24/7â˘Â Pipzâ˘Â Post 2 Profits⢠Praetorian Global International (PGI)â˘Â PlusToken (World Blockchain Forum)â˘Â PowerPost Profits⢠Powur⢠Primary the Ruling Class â˘Â Premium Business ⢠Prime International Club⢠PrivaFund⢠Prizm⢠ProCash⢠Profit Connect⢠Project Lanternâ˘QNet (rebranded from GoldQuest) ⢠Qtrex⢠Quaestor Solutions (Quaestor Coin)â˘Â QubitLife (rebranded from QubitTech)⢠Questra Worldâ˘R Network⢠RE247365⢠Recylix⢠Redwood Scientific Technologies⢠RengaLife⢠Riseoo⢠Riway⢠Robot22 Trade⢠Rostek Global⢠Royal Returns⢠Roy Club⢠Royal Q (Sec gov ph)â˘Â Safir International ⢠Salvia⢠SamKoin⢠Scentsy⢠Scout & Cellar⢠SDK Meta⢠SeedChangeâ˘Â Senexa⢠SHA-256⢠ShynXL⢠Silver Icing⢠Silver Partners for Profitsâ˘Â SilverStar Live (renamed AI Global, and then again to Ai Expert Advisor)⢠Silwana Globalâ˘Â Sincere Systems (rebooted as S-Group)â˘Â SiteTalk ⢠Six Sigma Tradeâ˘Â SkyWay Capital, CryptoUnits (rebooted to Unitsky String Technologies) ⢠SmartHashes⢠SmashFund⢠SnapBots⢠Snap Deliveredâ˘Â SofTrade AI⢠Solar Group⢠Solar Oil Project⢠Solmax Global⢠Solvasa⢠Speed Finance Club⢠Success By Health⢠Success Factory⢠SuperDraft Pro (SuperSports Global)â˘Â Swag (Swag Mining, Swag Network)â˘Â SwapIT â˘Â SwissCoin â˘Tapestri⢠Team Travel MVPâ˘Â TechVisionâ˘Â Telepreneur Corp⢠Teqra⢠The $100 System⢠The Happy Co⢠The Perfect Systemâ˘Â The PLR System  The Prosperity Grid ⢠The Token Network⢠TheClub.Travelâ˘Â TelexFree⢠Toga Limited (reboot to Eostre Berhad)⢠Torque Trading (TORQ)⢠Touchstone Success⢠Torexo Financeâ˘Â TRVL⢠Tradera⢠Trading Insight⢠Traffic Monsoon⢠TriumphFX⢠TronBase⢠TronCarry⢠TronCaseâ˘Â TronChain ⢠Tronconomy⢠TronPlus⢠TronThunderâ˘Â Trujivan⢠Trunited⢠Trust Investing⢠Tulian Investment⢠Turbo Crypto⢠Twindax⢠Twin TurboTRXâ˘Â Unaico ⢠Universal Abundance â˘Â Up2Give (U2G Network) ⢠UpMoney⢠Upnomix⢠UR Worth It⢠Ushare⢠Uulalaâ˘Â Unity Line Buildersâ˘Â Upisticâ˘Vantel Pearls⢠Vida Divina⢠Viral Compensation⢠Visalus Sciences⢠Viseming⢠Vitae⢠Viv⢠Vollara⢠VR Tron500⢠VRDa1â˘Wakaya Perfection (sold to LaCore Enterprises) WantageOne ⢠WaterMine⢠Wazzub⢠We Share Abundance⢠Weterâ˘Â Wiseling ⢠Wiseming⢠Workxon⢠World Crypto Lifeâ˘Â World Enhanced Wealth Ecosystem Global (WeWe Global) ⢠WorldVentures (acquired by Verona International Holdings, rebooted as DreamTrips)â˘Â World Wealth Club â˘Xellis (former Natura4Ever)⢠XEMXLink⢠Xifra LifeStyle⢠Xtreme Pro Systemâ˘YEP⢠Youngevityâ˘Zax⢠Zeek Rewardsâ˘Â Zeniq Coin ⢠Zeonis⢠ZetBull⢠Zomoney⢠Zukul Gold⢠Zukul Trading#BTC #Ponzi #ponzischeme #scammers. #Cryptoscam
Kari Wahlroos Tells OneCoin Victims To âkiss my assâ
Some top earners at least pretend to be remorseful about the millions they stole through OneCoin.Then thereâs Kari Wahlroos, who in an upcoming documentary tells OneCoin victims to âkiss my assâ.Wahlroos, a Finnish national who describes himself as âone of the grandmaster orchestratorsâ of OneCoin, is set to feature in âOneCoin â The inside manâ.Wahlroos was appointed an âambassadorâ of OneCoin in 2015. He was demoted in December 2017, eleven months after OneCoin collapsed.Wahlroos didnât disclose why he was demoted. OneCoin however put out an official statement, claiming Wahlroos had made consistent miscommunication and misrepresentation(s)â.Due to consistent miscommunication and misrepresentation of the OneLife Network operations and strategy, the management team of OneLife has taken the unfortunate decision to demote Mr. Wahlroos from all his activities and responsibilities for the Network.The company has experienced serious legal consequences, following Mr. Wahlroosâ behavior on and off stage, indirectly damaging its credibility and reputation.In a January 15th OneCoin â The Insider Man trailer, Wahlroos provides insight into his time at OneCoin.Personally I recall rumors of Wahlroosâ substance abuse dating back to as long as heâd been with OneCoin. For the first time Wahlroos himself publicly confirms the rumors.Did I drink alcohol? Yes, every day.Did I use coke? Tons of it.On the money side of things, Wahlroos claims he received 2% of OneCoin investment throughout Europe.Finland was making âŹ5 million a month, I get two percent. Germany was making âŹ10 million a month, I get two percent. Russia was making âŹ2 million a month, I get my two percent.And after a few months we were in âŹ200 million a month. Kiss my ass.Wahlroos claims that, in OneCoinâs best year, he generated âŹ1.4 billion in stolen funds. 2% of this amount comes to âŹ28 million.While acknowledging that only âvery few peopleâ made money, Wahlroos states anyone who âwasnât making âŹ100 thousand a monthâ in OneCoin was a âfucking idiotâ.Wahlroosâ depiction of OneCoinâs top earners is a sad group of middle-aged men preying on young women in Thailand.(OneCoinâs) top 20 leaders were invited to a special gentlemenâs club. With these Thai girls, with these sex parties.Sebastian (Greenwood) takes a girl and goes fuck her. (He) comes back and takes another one. He was using his money and power to seduce girls.Greenwood (in the grey suit), co-founder of OneCoin with Ruja Ignatova (pink dress), was sentenced to twenty years in prison in September 2023.Circumstances are unclear but Wahlroos goes on to claim whoever is left running OneCoin, at some point tried to assassinate him.I felt the numbness and dizziness coming into my face. They tried to fucking kill me.OneCoin has noted ties to organized crime interests in Bulgaria, Russia and Dubai.Laundering money stolen through OneCoin was a large coordinated effort spanning multiple countries. According to Wahlroos, OneCoinâs operations in China resulted in âa lotâ of deaths.China began cracking down on OneCoin in 2016. As of May 2018, around 160 OneCoin related arrests had been made. As part of their investigations, Chinese authorities also managed to seize $7.1 million belonging to Greenwood.US authorities have pegged OneCoin losses at around âŹ4 billion euros. Wahlroos pegs total OneCoin losses closer to âŹ14 to âŹ15 billion.That Wahlroos and other OneCoin top earners have faced no repercussions, is an ongoing indictment of Europeâs inability and/or unwillingness to hold those responsible for OneCoin accountable.Today Wahlroos is promoting Global NFT Group, a Ponzi scheme built around PNGVN tokens and an NFT grift.OneCoin â The inside man is being produced by Orlando John, a film production company based out of Sweden. No release date has been set.#onecoin #onecoinmultiplechains #CryptoScamExposed #Ponzi #CryptoScamAwareness