Crypto Star Turned Scammer: 12-Month Jail Term For $3.5M Scheme
A self-styled crypto influencer was sentenced to prison after prosecutors said he ran a large cryptojacking scheme that siphoned cloud computing power and secretly mined digital coins. Related Reading: Crypto Goes Tropical: Thailand Welcomes Tourist Spending In Bitcoin And More According to the Department of Justice, Charles O. Parks III, who called himself “CP3O” online, […]
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A man allegedly behind a cryptocurrency investment scam has been arrested in Bangkok, Thailand. He lured people into investing in his fraudulent crypto scheme by promising high returns, telling investors they could earn a 400% return by investing in just 200 days.
Alleged Crypto Scammer Arrested in Bangkok
A 50-year-old man who allegedly scammed Thai and foreign cryptocurrency investors was arrested on Saturday in Bangkok, Thailand. He tried to flee with over 500 million baht ($15 million), the Bangkok Post reported.
Major General Montri Thetkhan, commander of the....
A movie is being made about Onecoin’s cryptocurrency Ponzi scheme starring Oscar winner Kate Winslet. This Hollywood MGM movie is based on a true story told by a victim of the cryptocurrency fraud scheme. Onecoin Movie Starring Kate Winslet Oscar-winner Kate Winslet will be starring in an upcoming movie about the cryptocurrency Ponzi scheme Onecoin, according to Deadline publication which specializes in entertainment and Hollywood news. The movie is called “Fake!” and it is based on the book by Jen McAdam and Douglas Thompson which tells the true-life story of....
Michael Murgio, a former Palm Beach County School Board member who pleaded guilty in October to obstructing an examination of a credit union linked to an illegal bitcoin exchange, avoided jail when a judge sentenced him to a year of probation, 200 hours of community service and a $12,000 fine, according to Reuters. U.S. District Judge Alison Nathan said Murgio was far less culpable than others convicted in the scam and had shown remorse. Son Pleaded Guilty. Murgio’s son, Anthony Murgio, pleaded guilty earlier this month to conspiring to operate an illicit bitcoin exchange, Coin.mx. Coin.mx....
A Chinese man who spent 23 years in jail for a murder he never committed has lost one million yuan ($145,000) of his compensation money to OneCoin that many believe is a Ponzi scheme. In a poignant example of how a lack of education makes lay consumers easy prey for OneCoin, Chen Man only realized he had been involved in a pyramid scheme after his lawyer became suspicious. “Most people are not familiar with this area, so, in this new field, I could perhaps stand on the same starting line as everyone else,” Sixth Tone quotes Man as saying. “I’ve been disconnected from society for too long.”....
A Bitcoiner called Felix Crisan outfoxed a crypto scammer, getting them to set up a Bitcoin Lightning Wallet before putting them in their place. There’s poetic justice to scammers getting beat at their own game. A cryptocurrency scammer met their match when trying to trick Bitcoiner Felix Crisan into sending them Tether (USDT). The scammer tried to impersonate John Carvalho, the CEO of Synonym, a Bitcoiner Cointelegraph regularly cites. The scammer, who we will call “Fake John” from now on, wanted Crisan to send USDT, but Crisan, who’s been learning and getting involved with Bitcoin (BTC)....