Crypto Frontline

Tag "Ponzi scheme"

EmpiresX Head Trader Faces Up to 5 Years Jail Time

    EmpiresX Head Trader Faces Up to 5 Years Jail Time
4.8 out of 5

EmpiresX head trader Joshua David Nicholas is facing a maximum penalty of five years in prison. This punishment comes as the cryptocurrency platform operator pleaded guilty to a count of

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PlusToken Ponzi Scheme Under the Radar of Chinese Authorities

    PlusToken Ponzi Scheme Under the Radar of Chinese Authorities
4.8 out of 5

The $5.8 billion crypto Ponzi scheme based in China continues to be one of the main headlines, after the arrest of 109 individuals associated with the project. According to Cointelegraph,

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The U.S. DOJ Uncovers a $722 Million Crypto Ponzi Scheme

    The U.S. DOJ Uncovers a $722 Million Crypto Ponzi Scheme
4.8 out of 5

On December 10th, the U.S. Department of Justice announced that BitClub Network was actually a $722 million-worth crypto scheme and just recently, authorities in New Jersey had arrested three men

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