Misam M. Abidi, 47, of Tennessee, has been indicted on 11 federal charges for allegedly running a cryptocurrency investment fraud scheme called Star Credit Holdings from 2020-2024. Prosecutors claim he defrauded investors out of millions by operating a Ponzi scheme, diverting funds, and failing to report income.
Nowhera Shaik, mastermind of a Rs 6,000 crore Ponzi scam targeting Muslims, has been arrested in Gurgaon. She promised up to 36% annual profit, defrauding 1.7 lakh investors. Over Rs 400 crore in assets have been confiscated for restitution.
Federpol President Luciano Tommaso Ponzi addressed the 69th national congress in Sorrento, emphasizing the evolving role of private investigators amidst technological advancements like AI and cybersecurity. He stressed the sector's commitment to legality and due process, distancing it from media judgments.
Ohio investment manager Rathnakishore Giri, 31, was sentenced to nine years in prison for a $10 million cryptocurrency Ponzi scheme. He defrauded investors with false promises of Bitcoin trading returns, using new funds to pay earlier participants and continuing the fraud while awaiting sentencing.
Christopher Delgado, the former Goliath Ventures CEO charged with fraud and money laundering, has publicly apologized to investors of what US prosecutors allege is a Ponzi scheme.
La pyramide de Ponzi de BG Wealth Sharing s'est effondrée, provoquant le gel de plus de 41 millions $ de cryptos (principalement de l'USDT). L’article Ponzi : la police gèle 41 millions $ de crypto liés à l’effondrement du scam BG Wealth Sharing est apparu en premier sur Journal du Coin.
BG Wealth Sharing, according to authorities, claimed to provide guidance on crypto trading, advertised heavily on social media and offered “daily profit opportunities.”
Miles 'Burt' Marshall, 74, a tax preparer and insurance salesman from Hamilton, New York, pleaded guilty to second-degree grand larceny, securities fraud and first-degree scheme to defraud for running a Ponzi scheme that stole over $50 million from nearly 1,000 people and organizations. The scheme, known as the '8% Fund,' operated for decades using new investor money to pay returns to earlier investors. Marshall faces 4-12 years in prison at sentencing on June 11.
