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đĽśSam Lee and the $1.89 Billion Ponzi Scheme
Sam Lee, once dubbed Australia's âBitcoin Prince,â is facing fraud charges from the SEC and DOJ related to a $1.89 billion Ponzi scheme. As a co-founder of HyperVerse and HyperFund, Lee is accused of defrauding thousands of global investors through a disguised multi-level marketing model.
Brenda Chunga, one of the main promoters, has pleaded guilty and revealed that HyperFund only âdugâ money from investors rather than generating profits from cryptocurrency. Investigations also found that Lee used a fake CEO to legitimize HyperVerse and had connections with Blockchain Global, a company that has since collapsed.
In November 2024, Lee surrendered in Dubai after being wanted by Interpol, but was released after 60 days. It remains unclear whether he will be extradited to the U.S., where he faces a prison sentence of up to 5 years.
Sam Lee's legal future remains uncertain, but this scandal serves as a warning about the risks in cryptocurrency investments. Investors need to be cautious of promises of overly attractive profits.
#ponzi #bitcoin #SEC
Sam Lee, once dubbed Australia's âBitcoin Prince,â is facing fraud charges from the SEC and DOJ related to a $1.89 billion Ponzi scheme. As a co-founder of HyperVerse and HyperFund, Lee is accused of defrauding thousands of global investors through a disguised multi-level marketing model.
Brenda Chunga, one of the main promoters, has pleaded guilty and revealed that HyperFund only âdugâ money from investors rather than generating profits from cryptocurrency. Investigations also found that Lee used a fake CEO to legitimize HyperVerse and had connections with Blockchain Global, a company that has since collapsed.
In November 2024, Lee surrendered in Dubai after being wanted by Interpol, but was released after 60 days. It remains unclear whether he will be extradited to the U.S., where he faces a prison sentence of up to 5 years.
Sam Lee's legal future remains uncertain, but this scandal serves as a warning about the risks in cryptocurrency investments. Investors need to be cautious of promises of overly attractive profits.
#ponzi #bitcoin #SEC
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Norway Indicts 4 Individuals Related to 87 Million USD Crypto Scam
Norwegian authorities have indicted four men for operating a Ponzi investment scheme that defrauded nearly 963 million NOK (86.5 million USD) from investors between 2015-2018. The scammers lured victims into investing in 'virtual' product packages, including cryptocurrencies and stocks, but in reality, no actual investments were made.
Ponzi Scheme â Preying on Investor Trust
Ponzi Scheme â Preying on Investor Trust
Ä°t's not market correction it's the market crash
Timeline turned into crying wall even when was in Jerusalem had never seen that amount of crying people
You need to realise market is rigged and influencers are corrupt they are paid forn order to convince you to market recover
Ponzi systems always need new victims #ponzi
Timeline turned into crying wall even when was in Jerusalem had never seen that amount of crying people
You need to realise market is rigged and influencers are corrupt they are paid forn order to convince you to market recover
Ponzi systems always need new victims #ponzi
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PYRAMID SCAM IN PROGRESS!
It is an application called BONJOUR, a PONZI type scam, which consists of "Bicycle Rental" that does not exist, in which you invest an amount of money, and they pay you a daily amount of money, the system ensures to pay its contributors, but the system collapses..
#ponzi #estafa #piramidal #inversion #Blessingtrade
It is an application called BONJOUR, a PONZI type scam, which consists of "Bicycle Rental" that does not exist, in which you invest an amount of money, and they pay you a daily amount of money, the system ensures to pay its contributors, but the system collapses..
#ponzi #estafa #piramidal #inversion #Blessingtrade
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Bitcoin Pharaoh arrested in FlorianĂłpolis after a year and a half on the run
FlorianĂłpolis, May 31, 2024 - Claudio Barbosa, known as the "Bitcoin Pharaoh", was arrested in FlorianĂłpolis on Tuesday night (28), after a year and a half on the run from justice. He is suspected of being part of a pyramid scheme with cryptocurrencies that generated losses of R$4.1 billion in more than 80 countries.
Barbosa was arrested in a luxury car in the JurerĂŞ Internacional neighborhood, following an anonymous tip. He did not resist arrest. The accused's defense claimed that precautionary custody is unnecessary, as the process is in the final stage, and that there was no regulation on cryptoactives at the time of the events.
Millionaire scheme
According to the Federal Police, Barbosa's company, Trust Investing, offered investment packages starting at US$15, with promises of daily gains of up to 20% per month and more than 300% per year. In 2021, the group launched two cryptocurrencies without financial backing to keep the pyramid running.
Previous arrest
In 2021, another man known as the "Bitcoin Pharaoh", Glaidson AcĂĄcio dos Santos, was arrested for a similar scheme.
Legal Framework for Cryptoassets
In 2022, Law No. 14,478/2022, known as the Legal Framework for Cryptoassets, was approved. Barbosa's defense argues that the investigations against him took place before the law came into force, when there was no regulation on the subject in Brazil.
What happens now?
Barbosa remains in prison in FlorianĂłpolis. The defense seeks to reverse the court's decision and set him free. The case is ongoing in the city of Campo Grande (MS). $BTC $ETH $BNB #golpes #ponzi
FlorianĂłpolis, May 31, 2024 - Claudio Barbosa, known as the "Bitcoin Pharaoh", was arrested in FlorianĂłpolis on Tuesday night (28), after a year and a half on the run from justice. He is suspected of being part of a pyramid scheme with cryptocurrencies that generated losses of R$4.1 billion in more than 80 countries.
Barbosa was arrested in a luxury car in the JurerĂŞ Internacional neighborhood, following an anonymous tip. He did not resist arrest. The accused's defense claimed that precautionary custody is unnecessary, as the process is in the final stage, and that there was no regulation on cryptoactives at the time of the events.
Millionaire scheme
According to the Federal Police, Barbosa's company, Trust Investing, offered investment packages starting at US$15, with promises of daily gains of up to 20% per month and more than 300% per year. In 2021, the group launched two cryptocurrencies without financial backing to keep the pyramid running.
Previous arrest
In 2021, another man known as the "Bitcoin Pharaoh", Glaidson AcĂĄcio dos Santos, was arrested for a similar scheme.
Legal Framework for Cryptoassets
In 2022, Law No. 14,478/2022, known as the Legal Framework for Cryptoassets, was approved. Barbosa's defense argues that the investigations against him took place before the law came into force, when there was no regulation on the subject in Brazil.
What happens now?
Barbosa remains in prison in FlorianĂłpolis. The defense seeks to reverse the court's decision and set him free. The case is ongoing in the city of Campo Grande (MS). $BTC $ETH $BNB #golpes #ponzi
A little enlightenment #Ponzi
Many people still claim that the supply is at one billion. This is also stated in the white paper if you check it.
but don't be fooled like in the beginning when Terra kept quiet about the hyperinflation that was affecting LUNC.
Let's just click on the coin info and then go to the block explorer
you will be redirected to the Block Explorer then just click on mint!!!
In the document, everyone can read that Luna's supply has exceeded the 1 billion mark and will continue to do so in the future and the statement in the whitepaper is simply a lie to conceal this from investors .
The fact alone that Terra has not learned anything from the mistakes of the past and still does not educate its investors enough about the supply forces me to do this đ¤ˇđ˝ââď¸#HotTrends
this simply means Terra will dance on the spot forever #BinanceLaunchpool because there is no focus on a burn on the part of the new chain so it means the inflation of the chain kills it in the long run$BTC $SOL $SOL
but don't be fooled like in the beginning when Terra kept quiet about the hyperinflation that was affecting LUNC.
Let's just click on the coin info and then go to the block explorer
you will be redirected to the Block Explorer then just click on mint!!!
In the document, everyone can read that Luna's supply has exceeded the 1 billion mark and will continue to do so in the future and the statement in the whitepaper is simply a lie to conceal this from investors .
The fact alone that Terra has not learned anything from the mistakes of the past and still does not educate its investors enough about the supply forces me to do this đ¤ˇđ˝ââď¸#HotTrends
this simply means Terra will dance on the spot forever #BinanceLaunchpool because there is no focus on a burn on the part of the new chain so it means the inflation of the chain kills it in the long run$BTC $SOL $SOL
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$PDA When I see the friends who bought it from here, they started to say that it will fly away, it is obvious that they did not do any research, it came here for 3 dollars, they do not know it, moreover, the tokens that cost 0.15 dollars became 3 dollars in the same range, I am afraid that we are being replaced by tokens with lots of zeros. Even the fraudster Do Kwon did not harm us that much. Friends who bought it for 0.1 dollars for a long time. If they wait, they will understand what I'm talking about. Remember that in some exchanges, there was not even a transformation, it sits in a corner like a fake token and there is no sound because there is no sanction against these thieves. Remember, if your money is confiscated, there is nothing you can do by the Playdapp team and this thieves team can take your money at any time. You can say that we have collapsed and it is unclear whether they will do this or not.
U r being warned
#pepe is #ponzi
#overpriced #hyped than #worth
every pump is better for dump
short the Ponzi to the đŞŚ..
every green candle is easy profit đ
just grab it
play like #pro
#pepe is #ponzi
#overpriced #hyped than #worth
every pump is better for dump
short the Ponzi to the đŞŚ..
every green candle is easy profit đ
just grab it
play like #pro
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Altcoins will start at #Btc 44000 of course if the scammer wants to increase #ALTLARSĂRĂNĂYOR
#ponzi if you got caught in the system, your torn pants are gone.
$BTC
#ponzi if you got caught in the system, your torn pants are gone.
$BTC
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$6 Billion Evaporates: How FBC Platform Scammed Millions of Investors? đ¨đ
The story of the FBC online platform, which promised investors amazing profits in exchange for simple investments, has recently spread, but it turned into one of the biggest scams in the digital world. This platform was not licensed by any reliable financial authority, and targeted more than a million people around the world, including thousands of Egyptian investors, and seized an estimated $6 billion before suddenly disappearing.
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India Seizes $190 Million from the Bitconnect Ponzi Scam: Revealing Shocking Details
Bitconnect, one of the most notorious scams in crypto history, has surfaced with new details as Indian authorities seized nearly $190 million in related assets. This is the largest asset seizure in the country's history, marking a new milestone in an investigation that began in 2018.
The Largest Asset Seizure in Indian History
During two raids on February 11 and 15, 2025, the Enforcement Directorate (ED) Ahmedabad seized:
The Largest Asset Seizure in Indian History
During two raids on February 11 and 15, 2025, the Enforcement Directorate (ED) Ahmedabad seized:
How to Avoid Cryptocurrency Scams
đšCryptocurrency scams have become increasingly common as the market grows. Common scams include #Ponzi schemes, fake ICOs, #phishing attacks, and "rug pulls" where developers abandon projects after raising funds.
đšTo avoid #scams , always verify the legitimacy of a platform or project before investing. Use reputable exchanges like #Binance , check for proper security measures, and be wary of unsolicited investment offers.
đšNever share your private keys or recovery phrases, and avoid giving out personal information.
đšEducating yourself about common scams and red flags is crucial to navigating the crypto space safely.
đšNever give your money to anyone.Learn to earn.
Follow and share for crypto insights,news,signals and much more
#SCAMalerts $BTC $XRP $RUNE
đšCryptocurrency scams have become increasingly common as the market grows. Common scams include #Ponzi schemes, fake ICOs, #phishing attacks, and "rug pulls" where developers abandon projects after raising funds.
đšTo avoid #scams , always verify the legitimacy of a platform or project before investing. Use reputable exchanges like #Binance , check for proper security measures, and be wary of unsolicited investment offers.
đšNever share your private keys or recovery phrases, and avoid giving out personal information.
đšEducating yourself about common scams and red flags is crucial to navigating the crypto space safely.
đšNever give your money to anyone.Learn to earn.
Follow and share for crypto insights,news,signals and much more
#SCAMalerts $BTC $XRP $RUNE
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$PDA today it rose a little and then took it all back in one candle. The usual fake move. I do not believe that there is an honorable human being in this team.
I have been following them for 3 years, they are all thieves, they are all fraudsters, they don't keep their exits for more than 1 hour, sometimes they make volumes for 1 hour, attract investors to defraud them, and then they bring the price down from wherever they raised it, these scum have not changed at all for 3 years, that's why they managed to come here from 3.3 $... #ponzi @PlayDapp_io
I have been following them for 3 years, they are all thieves, they are all fraudsters, they don't keep their exits for more than 1 hour, sometimes they make volumes for 1 hour, attract investors to defraud them, and then they bring the price down from wherever they raised it, these scum have not changed at all for 3 years, that's why they managed to come here from 3.3 $... #ponzi @PlayDapp_io
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$FLOKI THIS TEAM IS A SCAMMER, DO NOT MEET THESE SCAMMERS. THEY EXIST TO STEAL PEOPLE'S MONEY. FLOKI IS THE THEFT SYSTEM!!!
#ponzi #BinanceTurns7 #BinanceTournament #Binance #Bitcoin
#ponzi #BinanceTurns7 #BinanceTournament #Binance #Bitcoin
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đĽ Individuals involved in IcomTech's 'Ponzi' scheme must pay over 5 million USD for fraud.
A court in California has sentenced five individuals involved in IcomTech's 'Ponzi' scheme to pay over 5 million USD for fraud and misappropriation of funds from a fraudulent Bitcoin trading scheme.
The defendants, including David Carmona, Juan Arellano Parra, Moses Valdez, David Brend, and Marco A. Ruiz Ochoa, defrauded over 1 million USD from 190 victims in the US and other countries.
The court concluded that the defendants violated the Commodity Exchange Act and the regulations of the Commodity Futures Trading Commission (CFTC), with a ruling requiring them to pay fines and restitution to the victims.
Each was fined 1 million USD, and a total of over 5 million USD will be returned to the victims.
IcomTech, which operated from mid-2018 to late 2019, promised a 100% return after every six weeks of investment, but instead of investing in Bitcoin, the group misappropriated the investors' funds. Carmona and his accomplices were sentenced to prison, with Carmona facing up to 10 years in prison.
#ponzi #BTCâ #Write2Win
A court in California has sentenced five individuals involved in IcomTech's 'Ponzi' scheme to pay over 5 million USD for fraud and misappropriation of funds from a fraudulent Bitcoin trading scheme.
The defendants, including David Carmona, Juan Arellano Parra, Moses Valdez, David Brend, and Marco A. Ruiz Ochoa, defrauded over 1 million USD from 190 victims in the US and other countries.
The court concluded that the defendants violated the Commodity Exchange Act and the regulations of the Commodity Futures Trading Commission (CFTC), with a ruling requiring them to pay fines and restitution to the victims.
Each was fined 1 million USD, and a total of over 5 million USD will be returned to the victims.
IcomTech, which operated from mid-2018 to late 2019, promised a 100% return after every six weeks of investment, but instead of investing in Bitcoin, the group misappropriated the investors' funds. Carmona and his accomplices were sentenced to prison, with Carmona facing up to 10 years in prison.
#ponzi #BTCâ #Write2Win
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$PDA Even if you put a golden saddle on a donkey, the donkey is still a donkey. If you turn the thief into a police officer, he will still steal it. We made a mistake in thinking that a team has been stealing since its launch and its token should be changed...
Even when BTC was 16500$, the price was $PDA . It was much higher than these prices. BTC is now 70000$ and the price is 0.12. When you spread the size of the theft over time, you realize that it has exceeded Do Kwon. We haven't even mentioned the ones that cost 3 dollars. The only team that has a bear season even in the bull season is #ponzi $PDA @PlayDapp_io
Even when BTC was 16500$, the price was $PDA . It was much higher than these prices. BTC is now 70000$ and the price is 0.12. When you spread the size of the theft over time, you realize that it has exceeded Do Kwon. We haven't even mentioned the ones that cost 3 dollars. The only team that has a bear season even in the bull season is #ponzi $PDA @PlayDapp_io
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My post dated $PDA 12 April 2024 is exactly like this, unfortunately I was right. That day I wrote exactly the following..âď¸
$PDA now from here now from here If it drops to 0.05 dollars from there to 0.09, you will say that it is rising and the team will market it with various trolls and other people who will let us in. It's a shame for us, they ruined us, they stole our money, new friends who entered and will enter, be very careful, do your research, keep in mind that the team is thieves. Then, do not fall into the situation we fell into, look back at the graph, let me explain a little, it started at $ 3.3, fell to $ 0.33, and it turned out to be a hacking incident. It fell to 14 dollars, as $PDA . It started trading again only on Binance a month ago. It dropped by 50 percent from 0.33 dollars. People in other exchanges were not so lucky. They have been kept waiting for 2 months for conversion. Unfortunately, there is no institution that holds these dishonest people accountable. Judging by the historical cycle, there is a higher probability that it will drop to 0.03 dollars. From time to time they make up something else and change the name and start trading again, then 0.0003, there is no end to this, they always find people to defraud as they add zeros in front of them #ponzi #ponzi @PlayDapp_io
$PDA now from here now from here If it drops to 0.05 dollars from there to 0.09, you will say that it is rising and the team will market it with various trolls and other people who will let us in. It's a shame for us, they ruined us, they stole our money, new friends who entered and will enter, be very careful, do your research, keep in mind that the team is thieves. Then, do not fall into the situation we fell into, look back at the graph, let me explain a little, it started at $ 3.3, fell to $ 0.33, and it turned out to be a hacking incident. It fell to 14 dollars, as $PDA . It started trading again only on Binance a month ago. It dropped by 50 percent from 0.33 dollars. People in other exchanges were not so lucky. They have been kept waiting for 2 months for conversion. Unfortunately, there is no institution that holds these dishonest people accountable. Judging by the historical cycle, there is a higher probability that it will drop to 0.03 dollars. From time to time they make up something else and change the name and start trading again, then 0.0003, there is no end to this, they always find people to defraud as they add zeros in front of them #ponzi #ponzi @PlayDapp_io
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Failed Legal Evasion: Canadian Man Sentenced to 41 Months in Prison for Money Laundering with Bitcoin
A Canadian man was sentenced to 41 months in prison after attempting to launder 450 Bitcoin (worth over 43 million USD today) to avoid asset seizure. This is one of many cases showing how criminals exploit cryptocurrency to conceal illegal assets.
đ Laundering 450 Bitcoin to Evade the Government
Firoz Patel, 50 years old, from Montreal, previously operated an unlicensed online payment platform named Payza. In 2020, he was convicted of processing illegal transactions related to schemes #ponzi and money laundering.
đ Laundering 450 Bitcoin to Evade the Government
Firoz Patel, 50 years old, from Montreal, previously operated an unlicensed online payment platform named Payza. In 2020, he was convicted of processing illegal transactions related to schemes #ponzi and money laundering.
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