39 Results for

ponzi

Article

Bitcoin is ripe for fraud and Ponzi schemes, warns SEC

Government agency cautions about the use of cryptocurrencies, saying they’re more likely to be used by “fraudsters to perpetrate fraudulent investment schemes.”

By May. 7, 2014

Article

SEC accuses Texas man of running Bitcoin Ponzi scheme

"Fraudsters are not beyond the reach of the SEC just because they use...virtual currency to mislead investors and violate federal securities laws," the SEC says, as it files charges against a Texas man.

By Jul. 23, 2013

Article

Poker site CEO arrested in multimillion Ponzi scheme

Raymond Bitar, founder of Full Tilt Poker, was arrested at JFK Airport and charged with siphoning $430 million in gamblers' winnings.

By Jul. 2, 2012

Article

Full Tilt Poker lashes out at Ponzi scheme claims

Company says it doesn't believe that any "reasonable interpretation" of its business would make it a Ponzi scheme, according to The Wall Street Journal.

By Sep. 22, 2011

Article

Full Tilt Poker a Ponzi scheme? Like Groupon?

The U.S. Justice Department accusing Full Tilt Poker of being a "global Ponzi scheme" is the latest example of large online concerns being accused of being mega-Madoffs. Does the Web make Ponzis easier to manage?

By Sep. 20, 2011

Article

Game to let you run your own Ponzi scheme

If you want to run your own Ponzi scheme, we have the game for you. MadeOff, to be released next week, will let you steal all your friends' points.

By May. 5, 2009

Article

Bitcoin wins US election panel's approval for political donations

Federal regulator finds the cryptocurrency qualifies as "money or something of value" but imposes restriction on its use.

By May. 8, 2014

Article

Bitcoin exchanges reportedly probed over link to Silk Road

Several exchanges, including shuttered Mt. Gox, have received subpoenas probing possible ties to the online drug marketplace, the Wall Street Journal reports.

By May. 19, 2014

Article

Dogecoin wallet goes offline, possible hack underway

As Dogevault's website becomes unavailable, users of the popular wallet report mysterious withdrawals of hundreds of thousands of the virtual currency from their accounts.

By May. 12, 2014

Article

Bitcoin startup Circle unveils no-fee digital currency banking

Financial services company aims to provide a secure, insured banking service that will take the cryptocurrency mainstream.

By May. 16, 2014