EminiFX CEO Eddy Alexandre has been sentenced to 9 years in person for defrauding investors out of more than $248 million.
The final report filed by the independent examiner in Celsius' bankruptcy case found that the crypto lender used customer deposits to fund withdrawals, and by doing so, it met the definition of a Ponzi scheme.
Summary: The U.S. SEC shared an update on the Forsage debacle. 11 individuals have been charged in connection with the...
For the longest time, critics of Bitcoin have questioned if the cryptocurrency is a Ponzi-like/pyramid scheme. Wikipedia defines a “Ponzi scheme”: A...