Hi, MarketWatchers. Don’t miss these top stories. Instagram influencer Jay Mazini pleads guilty to running $8 million Ponzi scheme and crypto scam Mazini, whose real name is Jebara Igbara, amassed Read more
Tag: Ponzi/Pyramid Scheme
Instagram influencer Jay Mazini pleads guilty to running $8 million Ponzi scheme and crypto scam
He made his name by showing people the love, but made his fortune by ripping people off. An Instagram META, -3.90% influencer who used videos of himself handing out cash Read more
‘There is no innocent explanation’: Newly released FBI files reveal Ponzi schemer Bernie Madoff’s dramatic confession as agents arrested him
Bernie Madoff managed to keep the biggest Ponzi scheme in history going for decades, but, when the FBI finally came knocking at his door on Dec. 11, 2008, he told Read more
SEC charges 11 with creating, promoting $300 million crypto ‘Ponzi scheme’
The Securities and Exchange Commission on Monday said it charged 11 individuals over their roles in the creation and promotion of a fraudulent crypto pyramid and Ponzi scheme that raised Read more
Beleaguered crypto lender Celsius files for bankruptcy: report
Embattled crypto lender Celsius Networks has filed for Chapter 11 bankruptcy protection, according to a new report. The Wall Street Journal reported late Wednesday that the New Jersey-based company had Read more
Beleaguered crypto lender Celsius set to file for bankruptcy: report
Embattled crypto lender Celsius Networks is preparing to file for Chapter 11 bankruptcy protection, according to a new report. CNBC reported late Wednesday that the New Jersey-based company was in Read more
Celsius Network was a ‘Ponzi scheme,’ company’s former investment manager alleges in lawsuit
Beleaguered crypto lender Celsius Network operated as a classic “Ponzi scheme,” the former head of the company’s key investment strategy alleged in a lawsuit, claiming the company used customer deposits Read more