庞氏骗局

SEC Accuses Crypto Company Founder of $200 Million Fraud Case, Bitcoin Investment Tycoon Turned Out to Be a Fraudster!

Recently, a $200 million fraud case in the cryptocurrency circle has shocked everyone! Federal prosecutors and regulatory agencies have accused Ramil Palafox, who holds dual citizenship in the United States and the Philippines, of deceiving 90,000 investors through his company PGI Global from January 2020 to October 2021, with the amount involved reaching as high as $200 million.

Palafox took advantage of investors' interest in cryptocurrency, claiming to have expertise and owning an AI-driven trading platform. He promised investors stable profits through cryptocurrency and forex trading, but in reality, these promises were just a carefully orchestrated scam.

However, the funds raised were not used for investment trading but rather became Palafox's "private vault." He misappropriated millions of dollars of investors' money to purchase luxury cars, designer watches, and mansions for himself and his family.

Moreover, he held lavish parties in Dubai and Las Vegas to attract more people into the scheme, even paying bonuses to members who recruited new investors, further expanding the scam. The money from new investors was merely used to fill the previous funding gaps, maintaining this false prosperity.

To lure more people into the trap, Palafox also made enticing high-return promises. He guaranteed a daily return rate of 0.5% to 3% on Bitcoin trading, claiming that his traders could make money regardless of price fluctuations. However, the truth is that most investors' funds were never actually used for Bitcoin trading, resulting in heavy losses for many.

This case is also the first cryptocurrency enforcement action taken by the SEC's new chairman, Paul Atkins, since he took office on April 22. Despite Atkins being known for a "crypto-friendly" regulatory style, the SEC still imposed penalties on Palafox for fraudulent activities, including a permanent ban on selling securities and crypto assets, returning ill-gotten gains, and civil fines.

Previously, Nova Labs was also penalized for cryptocurrency-related issues, and this case serves as a wake-up call once again. The cryptocurrency market may seem full of opportunities, but it actually hides risks. Investors must remain vigilant and not be blinded by high-return promises!

#加密货币骗局 #SEC监管 #庞氏骗局

#庞氏骗局 #JumpTrading转移资产
Shocked!!!

Hundreds of dormant wallets related to the Plus Token scam are transferring ETH, worth about $2 billion

Combined with Plus Token's transfer of ETH, it is likely that BTC has been processed and ETH is being processed

$ETH $WIF $SOL

The UK High Court has issued a global freezing order against the notorious “Crypto Queen” Ruja Ignatova for her involvement in the $4 billion OneCoin Ponzi scheme, following lawsuits filed by more than 400 victims.
Ignatova’s whereabouts remain unknown and she remains on the FBI’s Ten Most Wanted list.
Here are some key details:
⚫ Ignatova was last seen in 2017 in Athens, Greece.
⚫ She holds a PhD in International Justice
⚫ The FBI is offering a $250,000 reward and the US State Department is offering a $5 million reward for information leading to her arrest.
⚫ Ignatova’s husband, brother, and co-founder of OneCoin have all been sentenced.
#庞氏骗局

🕵️‍♂️ SEC reveals $60 million crypto scam, Georgia brothers' Ponzi empire collapses!

🏛️  The U.S. Securities and Exchange Commission (SEC) recently filed a lawsuit against a pair of Georgia brothers, accusing them of a $60 million cryptocurrency Ponzi scheme!

📅 On August 26, the SEC submitted the case to the court. It is said that the two brothers Jonathan and Tanner Adam deceived more than 80 people. They boasted that they had a super profitable crypto robot and promised to bring investors a 13.5% return every month. Does it sound tempting? But it's all lies!

🗣️ They told investors that this robot could find arbitrage opportunities on different platforms, provide funds for flash loans and execute transactions. But in fact, this so-called robot does not exist at all! The two brothers used $53.9 million of the $61.5 million raised to live a luxurious life, including buying luxury cars and luxury houses.

⚖️ The SEC has urgently frozen their assets and charged them with violating federal securities laws. The SEC requires them to return all investors' funds and face civil penalties.

🔍 Moreover, Jonathan has been convicted three times for securities fraud before, but he concealed all this from investors. Now, both of them refuse to respond to the SEC's subpoena.

📉 Although the amount of cryptocurrency flowing to fraudulent addresses has declined in 2023, Ponzi schemes are still a big problem. The SEC recently charged another company called NovaTech Ltd., which also used similar methods to defraud more than 200,000 people.

👀 Finally, everyone must be careful when investing in cryptocurrency, and don't be blinded by the promises of these high-return projects. Remember to do your homework before investing, and don't let your hard-earned money fall into the pockets of scammers!

#加密货币 #庞氏骗局 #SEC诉讼 #投资者警惕

$1000SATS 1BTC=100000000SATS This is a very good narrative. It is also a very popular MEME coin. It is also a token with some practical uses (handling fees and pledge).

Let me tell you about the psychological process of leeks and make you happy!
Leeks: SATA sesame is online on the 10th floor. It is popular. I will observe it for a few days. Damn, it has doubled by more than 26 floors in five days. It feels okay. I regret not buying it before it goes online. Waiting for the opportunity, the dealer will first pull up to lure people in. It may fall. After two days, it is indeed fortunate that I did not buy it. It fell by 12 floors in ten days. I bought it. After waiting for two days, it started to rise by 18 floors. I bought it and took a chance. The bicycle turned into a motorcycle. After a few days, I really made three times the money. It must fall after pulling 150% in one day. I decisively sold it on the 54th floor. After two days, it rose so fiercely to the 94th floor. I regretted not selling it at the high point. It fell again. What? There are landing applications, 66th floor bought again, it really rose 40% in one day, the volume is too small, add 80th floor, wait two days, will it double. Fuck, it fell, tempting me to sell? If I don't sell, I will continue to wait, the price has doubled to 33rd floor, sell it, I can still make some money before! After a while, it rose again, I shouldn't have sold it that time, damn! Still rising? 80th floor, this time it will definitely break 100 and double. Good news to buy! Damn, it fell, it's still falling, and it continues to fall. Add positions, add positions, pull the average price, damn, I have no money, the cost is on the 34th floor. It fell to the 20th floor again, will it break the 10th floor, now I have lost twice as much, should I sell it? I sold it on the 20th floor, and the comment area was full of curses, otherwise I would lose all my capital! Sure enough, it fell to the 10th floor. It started to rise? Tempting to buy more? Don't buy! Still rising? Good news again? Bought on the 30th floor...Now: Damn, it's falling again
This is the psychological process of leeks😂, most people are the same: just launched (pay attention), pulled up one or two times (hesitated), pulled up five or six times (buy in), others say it's a hundred times coin. Damn, I'm trapped, and it keeps falling (seven or eight times down, sell at a loss), and it really fell to ten times. The good news has increased two or three times (others have increased ten times, buy in), Damn, I'm trapped, how much will it fall this time? ? ?
Then, shout #区块链骗局 #庞氏骗局 , dog dealer return my hard-earned money😂😂😂

$RDNT Gambler leeks always believe that they are lucky.
This small pull-up has achieved certain goals: to use the air force as fertilizer. The 24-hour contract trading volume in the past few days is 3-5 times that of the spot. In the pessimistic market, a sudden wave of increase caught the air force off guard. Attract attention. You see, all kinds of analysts come out to promote it when it rises a little. Don't forget that it is an additional coin. There are still nearly 400 million additional coins that have not been circulated. The increase is for better shipment. When you enter the spot, go long, and there is another continuous downward trend, and you are trapped again. At that time, the crying analysts will not speak.
Don't enter the market! Don't enter the market! Don't enter the market!
Stay away from additional coins! Stay away from additional coins!
Prevent a doubling of the pull and a tenfold drop!
Don't play spot contracts, don't give away money for nothing, invest money in currencies with more opportunities!
#增发币 #庞氏骗局

Beware of Ponzi schemes! Consider your own situation and see if you have been fooled.

Cycle steps of Ponzi schemes:

1. Initial pull-up: First push the market up, so that a few early investors can get considerable returns and create a money-making atmosphere.

2. Create a money-making effect: Through media and public opinion propaganda, let more people think that this is a guaranteed opportunity. Some cautious investors will use a small amount of money to test, and after finding that they can make money, they will gradually increase their investment.

3. Increase investment: Once the returns are stable, investors begin to increase their chips and even use leverage, expecting greater returns.

4. The main force begins to harvest: When the market heat reaches a high point, the main force quietly begins to withdraw and cash in the returns.

5. Retail investors continue to increase their positions: Seeing the price drop, retail investors generally believe that it is only a short-term correction, and choose to continue to increase their positions to dilute the cost.

6. The plunge intensifies: The market continues to fall, with a drop of -40%, -60%, -80%... Investors face huge losses.
7. Vicious cycle: capital chain breaks, retail investors suffer heavy losses, families break up, and tragedies occur frequently.
8. Repeated performance: after the market heat subsides, the main force chooses to pull up again, repeating the scam.

Finally, let me ask, is Bitcoin a Ponzi scheme?
#你问我答 #下一BTC历史新高是多少？ #庞氏骗局
$BTC

#庞氏骗局 #JumpTrading转移资产 #ETH🔥🔥🔥🔥
Regarding the sale of Daguo’s coins, it is highly likely that all the BTC in his hands have been smashed. From February to August 5, the August 5 has not been confirmed. It is not necessarily confirmed.

ETH may be really screwed.

Daguo’s coin selling is irregular, and there are several "companies" behind it to execute. If you really monitor that there are large short orders opened in OK or BN, it may be a rat warehouse.

But BTC should be gone, and Daguo has no sol

$ETH $WIF $SOL

🌐 Friend.tech: A Ponzi Scheme in the Cryptocurrency Market?

Web3 social media platform Friend.tech, a project that once attracted much attention in the cryptocurrency market, has recently been accused of being a Ponzi scheme.

The project has declined rapidly in less than a year, and its team has sold up to $52 million worth of Ethereum in the last six months, which has attracted widespread attention in the market.

Although Friend.tech was highly expected to become a platform project with social attributes that could replace Facebook and Instagram when it was launched, it now seems that the project has not lived up to expectations.

In a tweet on social media X, Waleswoosh, a pseudonymous cryptocurrency analyst, pointed out that Friend.tech steals keys after users create accounts, which further exacerbates doubts about the project.

According to data from Lookonchain, the Friend.tech team has sold a large amount of Ethereum in the last six months, totaling 19,477 pieces, worth about $52 million. This behavior suggests possible misconduct by the project party and highlights the instability of the project.

Judging from the daily chart of Friend.tech, the price of its token FirstToken (FT) has been falling since March. In just over five months, the price has fallen by nearly 95%.

Some community members said that this trend seems to clearly show that this is a typical "Rug pull" project, that is, the project party suddenly withdraws funds or sells in large quantities after attracting investors, causing the price to plummet.

This case once again reminds us that in the cryptocurrency market, we should not ignore the fundamentals and development prospects of the project in pursuit of short-term gains, because this may bring great project risks.

In summary, whether a cottage currency project can stand the test of time is an important criterion for evaluating its value. Investors should note that many cottage currencies may eventually "return to zero" like FirstToken (FT). Therefore, investment decisions should be made based on comprehensive analysis and careful consideration.

💬 Do you think Friend.tech is a project worth paying attention to or a scam that should be guarded against? What are your criteria and methods for considering cottage projects? Leave your opinions in the comment area!

#Friendtech #加密货币投资 #庞氏骗局 #市场分析 #风险管理

$RDNT Many people don’t know that this unscrupulous garbage leek project has issued an additional 500 million! It is a pure scam project. There are so many good projects. Don’t fall into the trap. It can issue an additional 500 million today, and it may issue an additional 1 billion in the future! Knowing that it is a shameless project, some people are still supporting it. They buy it at a certain price, thinking that they can accurately buy the bottom after it drops by a hundred or so times and rebound by four or five times. They think they are gods? Maybe it will fall by ten or twenty times just after it is bought. Why do you want to take the risk to fall into the trap when you know that the risk is high and the return is low? There are so many good projects, why do you have to look forward to this project with no bottom line and random issuance! If you lose money, you lose money. Stop the loss in time after seeing clearly, and let the dog dealer play by himself! Boycott scam coins together! #庞氏骗局

$RDNT From my last post on the coin circle on July 31 to today, August 20, the circulation volume has increased from 1.06 billion to 1.1 billion, an increase of 40 million in 20 days, which means an average increase of 2 million tokens sold every day. What did you see, coin friends? Is this also visible on the surface? What about secretly? According to the project party's theory, the total amount after the additional issuance is fixed at 1.5 billion, which means there are still 400 million to be sold, and 2 million per day means there are still 200 days to sell out. Will there be a vote for additional issuance after the sale? This is a problem that everyone is worried about. How much is the volume of this 400 million funds? Who will take over? The project party does not participate in market behavior, but increases the issuance volume (inaction and random action), which leads to a crisis of market trust. The big dealers are not stupid. Seeing that the leeks are panicking and there is no profit in not coming in, they will naturally not participate. And the leeks do not trust the project party and naturally panic and stop looking forward. This is a vicious circle! Gamblers, there are thousands of currencies in the market, and they are not the only ones to choose. Spot contracts are all, so why give money away for nothing? If you really want to play, I think you can wait until the 1.5 billion is fully circulated to see if the dealer will issue more or enter the market with a market value of 10 or 20 million! (Don't underestimate the market value of 10 or 20 million US dollars, that is over 100 million RMB. A small project can easily exceed 100 million RMB. Do you really think that foreign companies are particularly rich?)
My suggestion is that 👉 It is the right thing to do to stay away from projects with market trust crises! 👈
#庞氏骗局 #山寨币热点

⚖️ Singapore mining scam revealed: A&A Investment Company CEO Yang Bin sentenced to 6 years in prison!

🚨 Yang Bin, CEO of a Singaporean company called A&A, was sentenced to 6 years in prison for running a cryptocurrency mining Ponzi scheme! This incident caused a sensation in Singapore.

🇸🇬 According to Singapore's Lianhe Zaobao, this Dutch Yang Bin set up an investment company in Singapore, saying that he was cooperating with a Chinese mining company and had a lot of mining machines, but it turned out to be all bragging. He also found three people to cheat more than 700 people for a total of 6.7 million Singapore dollars!

🤯 According to reports, Yang Bin's investment company A&A was established in April 2021 and said it was engaged in cryptocurrency mining investment. They also boasted that they had a cooperation with a mining company in Yunnan, China, and had 70% ownership of the mining company's 300,000 mining machines. They also promised to give investors a profit of 0.5% per day. Doesn't it sound tempting?

🔍 But in fact, A&A had no cooperation at all, and the mining machines were fictitious. This is a typical Ponzi scheme, using the money of new investors to pay the "profits" of old investors.

👀 In the end, Yang Bin faced 19 charges and pleaded guilty to eight of them in the Singapore National Court on August 26. The judge sentenced him to six years in prison and fined him 16,000 Singapore dollars.

👥 Moreover, this is not the first person from A&A to be arrested. Just on August 10, their company's CTO Wang Xinghong was also sentenced to 5 years in prison for participating in this scam.

🤔 This incident sounded the alarm for us: investment is risky, and we need to be cautious when entering the market. Especially for those projects that sound too profitable, we must be more careful.

👇 What do you think of this cryptocurrency mining scam? What investment tips do you have to avoid being fooled? Share your experience in the comment section, let us be vigilant and stay away from investment scams!

#新加坡骗局 #加密货币挖矿 #庞氏骗局 #投资风险 #法律制裁

🚨 Cryptocurrency Scam Exposed: Las Vegas Man Accused of $24 Million Ponzi Scheme

Recently, Brent C. Kovar, a business owner from Nevada, USA, has been accused of operating a multimillion-dollar cryptocurrency Ponzi scheme. If convicted, he could face long-term imprisonment and a $4.5 million fine.

On February 14, the Nevada Attorney General's Office released an indictment against Kovar, accusing him of using the Profit Connect mining company as a cover for illegal pyramid schemes, claiming that the company generated annual returns of 15%-30%, and promising a 100% cash refund.

Kovar deceived people through websites, YouTube videos, and PowerPoint presentations, luring approximately 400 investors to invest about $24 million, most of which he used to sustain the operation of the scam and for personal extravagance, including expenses for purchasing private residences.

Kovar also disguised himself as sending false profits to investors through the U.S. Postal Service, creating the illusion that funds were sourced from mining. Ryan Korner, an agent from the Federal Deposit Insurance Corporation Office of Inspector General (FDIC OIG), stated that their goal is to prove Kovar's crimes.

Korner also pointed out that Kovar misled victims into believing that their investments were insured by the FDIC and stole their hard-earned money. The FDIC OIG is committed to exposing and holding accountable individuals who harm others' interests and threaten national financial security.

Currently, Kovar faces 12 counts of wire fraud, 3 counts of mail fraud, and 3 counts of money laundering, and is expected to stand trial in front of Judge Jennifer A. Dorsey on April 8, 2025. If convicted, depending on the judge's discretion and U.S. sentencing guidelines, he could face a maximum sentence of 330 years in prison and a $4.5 million fine.

According to TradingView data, the cryptocurrency market has dropped by 0.78% in a single day, with the current total value maintained at $3.13 trillion.

💬 This case reminds us that when investing in cryptocurrencies, we must be particularly cautious and guard against being scammed. What are your thoughts on preventing Ponzi schemes? See you in the comments!

#加密货币 #庞氏骗局 #投资风险 #法律后果