Bitcoin Scam Impersonates Kiwi Celebrity to Pump Get-Rich-Quick Scheme – CCN Markets

New Zealand radio and television personality Duncan Garner rebuked fraudsters for using his likeness to lure victims into a lucrative Bitcoin investment scam. According to Newshub, the broadcaster has been forced to publicly denounce the social media schemes, which use his image to dupe Kiwis into putting their money in cryptocurrencies. Speaking on his morning …

Crypto Scammers Meet Their Match in Texas Securities Chief Joe Rotunda

By CCN Markets: Crypto fraudsters beware. Texas’ top securities chief is watching you like a hawk, and he’s not a fan of your scammy ICO. He’s Joe Rotunda, Director of the Enforcement Division for the Texas State Securities Board. He’s held the position for the last 12 years. Joe Rotunda, Director of the Enforcement Division …

$28 Million Crypto Ponzi Lands Morally Bankrupt Scammer in Jail

Indian police arrested an Australian citizen who had operated a crypto Ponzi scheme that defrauded victims by $28 million. | Source: Shutterstock (i), PGUC (ii). Image Edited by CCN An Australian citizen who ran an international crypto Ponzi scheme will face justice after police in India finally arrested him – but not before he defrauded …

CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how …

Indian Bitconnect Promoter on the Run After Third Crypto Scam

By CCN: Another cryptocurrency scam, same fraudster. Police in India’s city of Surat have implicated infamous BitConnect promoter Divyesh Darji in yet another cryptocurrency scam. According to The Times of India, Darji was involved in promoting a cryptocurrency known as Regal Coin to investors by promising them astronomical returns. Darji who was arrested last year …

Australian Crypto Scams Jump 190%, Still a Fraction of $500 Million Fiat Bust

By CCN.com: While 2018 was a tough year for cryptocurrency enthusiasts with the persistent bearish market conditions, it was a bumper period for scammers in Australia. According to the Australian Competition and Consumer Commission (ACCC), the use of cryptocurrencies in scams surged by 190 percent year-on-year. In 2018 the number of cases where scammers were …

Singapore Police Rescue Victim from Elaborate Bitcoin Machine Scam

By CCN.com: A police investigation involving bitcoin machines at Tampines One Mall in Singapore saved a 32-year-old man from scammers impersonating officials. They also helped a 49-year-old man not to transfer any more of his bitcoin to the alleged lying thieves. Singapore police warned on Saturday: “Do not fall for scammers who impersonate officials from …

FBI Nabs OneCoin Ringleader at LAX as Massive Crypto Scam Unravels

On March 6th, the US Federal Bureau of Investigation (FBI) arrested OneCoin ringleader Konstantin Ignatov at Los Angeles International Airport (LAX). The government alleges that he was one of several masterminds behind the multi-billion dollar crypto pyramid scheme. OneCoin has faced fines and criminal actions around the world – particularly in India, where 22 promoters …

Investors Demand Refund from Hong Kong Millionaire over Crypto Mining Scam

Four Hong Kong investors have come out to demand refunds of the capital given to Wong Ching-kit, a businessman who sells Bitcoin mining equipment, after claiming that the 24-year-old crypto promoter scammed them. According to a report on the South China Morning Post (SCMP), the affected investors have suffered losses around HK$20,000 (roughly $25,000) to …