pyramid scheme
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Two people were found guilty of promoting the IcomTech cryptocurrency pyramid scheme
A New York jury found two former promoters of the IcomTech cryptocurrency pyramid scheme guilty of conspiracy to use electronic means of fraud. This is reported by the US Department of Justice. According to the case file, Gustavo Rodriguez has been creating a website for IcomTech, which...- Teacher
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- Forum: Carding News
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SEC Accuses 17 People of Creating a $ 300 million Cryptocurrency Pyramid Scheme
The US Securities and Exchange Commission (SEC) has charged 17 people with creating the CryptoFX cryptocurrency pyramid scheme, which raised over $300 million. CryptoFX LLC was registered in the state of Texas and is mainly focused on Latin American users. The organizers managed to attract over...- Teacher
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- pyramid scheme
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- Forum: Carding News
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Ponzi vs: Pyramid Scheme: What's the Difference?
Ponzi vs: Pyramid Scheme: An Overview Pyramid schemes and Ponzi schemes have many similar characteristics based around the same concept: unsuspecting individuals get fooled by unscrupulous investors who promise them extraordinary returns in exchange for their money. However, in contrast to a... -
Pyramid Scheme
What Is a Pyramid Scheme? A pyramid scheme is an illegal investment scam based on a hierarchical setup of network marketing. The most famous kind of pyramid scheme is, perhaps, the Ponzi scheme. New recruits make up the base of the pyramid and provide the funding, or so-called returns, in the...