Crypto Ponzi Scheme

Highlights: Ohio Investment Manager Giri has received nine years for a $10 million crypto Ponzi scheme. Prosecutors said Giri promised risk-free returns on Bitcoin derivatives. He admitted to new investor solicitation after his guilty plea. Federal prosecutors secured a nine-year […]

Highlights: Ramil Palafox has pleaded guilty in a $200M Ponzi case after defrauding 90,000 investors through PGI’s false promises. PGI raised $201M, but victims lost $62.7M as funds went to luxury cars, homes, jewelry, and lavish hotel stays. U.S. prosecutors […]

Highlights: EminiFX crypto fraud led to $228.5 million in court-ordered restitution. Over 25,000 investors were misled with false claims of AI-driven profits. Restitution distribution to victims began in January 2025. A U.S. federal judge has made a ruling in the […]

Highlights: Authorities charged Brent Kovar with defrauding 400 investors of $24 million in a crypto scam. Kovar made false promises and misleading claims to lure investors into Profit Connect. Kovar faces up to 330 years in prison and a $4.5 […]