Investment fraud news

Jury Convicts Las Vegas Man of $24M AI Crypto Mining Ponzi Scheme

Brent Kovar told at least 400 investors a supercomputer was mining crypto for them, and that their money was insured by the FDIC.

google.com · 16 days ago

Interpol issues red notice vs Mica Tan over fraud—SEC

abs-cbn.com · 3 months ago

French online fraudster who conned investors out of 8 billion baht arrested at his luxury Cha-am villa

thaiexaminer.com · 3 months ago

EOW arrests key accused in multi‑crore crypto‑Ponzi scam

Bhubaneswar: The economic offences wing (EOW) of the state crime branch on Thursday arrested a key accused in a multi‑crore crypto‑Ponzi scam.

google.com · 16 days ago

Thai Authorities Seize $1.8M in FX Ponzi Probe, Freeze 70 Bank Accounts

financemagnates.com · 3 months ago

236,000 DCloud Uni-App Sites Used in Crypto Scams, Phishing, and Wallet Drainers

New findings unearthed by Infoblox show that more than 236,000 websites are using investment scam templates built using a legitimate Chinese open-source,...

thehackernews.com · 2 months ago

EOW Odisha Arrests Key Accused in Rs 200‑Crore Crypto Scam

Uncover the details of the EOW Odisha crypto Ponzi scam. Thousands of investors were deceived in this massive scheme.

google.com · 16 days ago

Who Is Matthew Goettsche? DOJ Drops Charges Against Alleged Mastermind of $722M Crypto Ponzi Scheme

For readers asking who is Matthew Goettsche, he is a Colorado resident who became one of the principal figures behind BitClub Network.

bitcoinfoundation.org · about 2 months ago

Seven Fraud Cases That Made History

Whether it's a pyramid scheme, stock market fraud, or alleged embezzlement: time and again, spectacular fraud cases shake the economy and society to their...

bluewin.ch · about 2 months ago

NSCDC Raids Badagry Degree Mill, Rescues 106 Youths from Academic Ponzi Scheme

The NSCDC raided a three-bedroom apartment in Badagry, rescuing 106 youths trapped in a multi-million-naira fake foreign university and Ponzi scheme.

streamlinefeed.co.ke · about 2 months ago

NSCDC Busts Fake University in Lagos, Rescues 107 Students Linked to Ponzi Scheme

Nigeria's security agency, the NSCDC, raided an unaccredited university in Lagos State, arresting six operators and rescuing 107 students who were...

ng.headtopics.com · about 2 months ago

NSCDC Raids Badagry Degree Mill, Rescues 106 Youths from Academic Ponzi Scheme

The NSCDC raided a three-bedroom apartment in Badagry, rescuing 106 youths trapped in a multi-million-naira fake foreign university and Ponzi scheme.

google.com · about 2 months ago

Suspect in $5 million Ponzi scheme pleads not guilty

A Bozeman man accused of using a Ponzi scheme to trick investors out of more than $5.3 million pleaded not guilty Tuesday to a host of charges.

bozemandailychronicle.com · about 1 month ago

Victims of Morita Forestry scam took their own lives after losing money

GroundUp journalist Joel Cedras explained how the scheme attracted more than 300000 victims who lost millions of rands.

ewn.co.za · about 1 month ago

Suspect in $5 million Ponzi scheme pleads not guilty

[News](http://www.bozemandailychronicle.com/news/) 00:00 02:16 A Bozeman man accused of using a Ponzi scheme to trick investors out of more than $5.3 million pleaded not guilty Tuesday to a host of charges. Reynolds is facing 13 counts of embezzlement, four counts of fraud and single counts of operating a pyramid scheme, failing to register a security and failure to register as a securities salesperson.

bozemandailychronicle.com · about 1 month ago

Woman arrested in S'pore over Fun Coffee investment scheme

A 49-year-old woman has been arrested in Singapore in connection with the alleged Fun Coffee ponzi scheme, which promised high returns via cryptocurrency.

straitstimes.com · about 1 month ago

'Suspect transactions': Mattson real estate deals in San Diego County are new focal point for bankruptcy investigation

00:00 11:24 Fifteen months after Ken Mattson was [arrested and indicted](https://www.pressdemocrat.com/2025/05/22/sonoma-investor-ken-mattson-arrested-by-fbi-in-napa-accused-of-ponzi-scheme-2/) for masterminding what federal prosecutors allege was a “classic Ponzi scheme” tied to his vast portfolio of California real estate, [much of it based in Sonoma](https://www.pressdemocrat.com/2023/03/16/lefever-mattson-and-the-real-estate-buys-that-have-sonoma-residents-alarmed-2/), new angles continue to emerge as his criminal and bankruptcy cases proceed along separate tracks. “There was no fraud,” he stated outright. #### ‘Almost like Rain Man’ He was indicted on nine felony counts of wire fraud, money laundering and obstruction of justice.

pressdemocrat.com · 25 days ago

EOW arrests key accused in multi‑crore crypto‑Ponzi scam

Bhubaneswar: The economic offences wing (EOW) of the state crime branch on Thursday arrested a key accused in a multi‑crore crypto‑Ponzi scam.

timesofindia.indiatimes.com · 22 days ago

EOW Odisha Arrests Key Accused in Rs 200‑Crore Crypto Scam

# EOW Odisha Arrests Key Accused in Rs 200‑Crore Crypto Scam The Economic Offences Wing (EOW) of Odisha Police has arrested Chitta Ranjan Mohanty from Gopalpur, Jagatsinghpur, in connection with a massive crypto‑Ponzi scam involving the web platform “Yes World.”

pragativadi.com · 22 days ago

Trump-voting Colorado farmer, 80, says he was stunned the president had freed the woman who conned him out of $500K in giant Ponzi scheme

Colorado farmer John Long says he was stunned after Trump commuted the sentence of Ponzi fraudster Marian Morgan. BY: MEGA An 80-year-old Colorado farmer w.

newsbreak.com · 19 days ago

Jury Convicts Las Vegas Man of $24M AI Crypto Mining Ponzi Scheme

## Coin Prices ### [PUMP](https://decrypt.co/price/pump-fun) $0.0045175 -5.10% ### [SOSO](https://decrypt.co/price/sosovalue) #### In brief A federal jury in Las Vegas has convicted a business owner of running a $24 million cryptocurrency Ponzi scheme that took money from at least 400 investors, the Justice Department [said](https://www.justice.gov/usao-nv/pr/jury-convicts-las-vegas-business-owner-cryptocurrency-ponzi-scheme) on Monday. [Visit this post on X](https://x.com/USAO_NV/status/2092019893210157266?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2092019893210157266%7Ctwgr%5E44a29763c5310a18674a0a55e8e033356da41b79%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F376427%2Fjury-convicts-las-vegas-man-of-24m-ai-crypto-mining-ponzi-scheme) Kovar of operating a cryptocurrency Ponzi scheme that fraudulently obtained $24 million from at least 400 investors by promising high returns and falsely claiming his company was backed by substantial [Show more](https://x.com/USAO_NV/statu

decrypt.co · 13 days ago