Tag Archives: Crypto Scam

It’s always rough to see people lose their money to crypto scams, but when those people are 75 years of age and when the money lost was their life savings, it’s really disheartening.Crypto Scams Take On New FormsThis is the case for Frances Foster from Plymouth in the United Kingdom. At 75 years old, Foster is at an age where virtually every cent means something. A life in retirement can yield great returns, but it can also mean health problems, doctor visits and solitude. While this may not...

Law enforcement has taken three men into custody over what sources are calling the biggest crypto scam in history.The “Biggest” Scam Is in the BooksMatthew Brent Goettsche and Jobadiah Sinclair Weeks from Colorado along with Frank Abel from California have been arrested for initiating a cryptocurrency scam through a fake company called Bit Club Network that may have cheated investors out of $722 million in crypto funds. If the numbers are accurate, Bit Club outdoes the money stolen or lost in...

What initially started out as an attempt to halt a movie pirate from doing “his thing” has turned into something much larger. A man based in New Zealand named Jaron David McIvor has had nearly $7 million in crypto funds confiscated by local law enforcement after they were tipped off to his illicit business.McIvor Loses His FundsMcIvor – 31 years of age – tried to disguise his job and lifestyle by living in a very modest home with relatives. What was unknown was that the man was sitting on a...

A lawyer involved in the infamous One Coin cryptocurrency scam has been found guilty of both fraud and money laundering. Mark Scott – an attorney who garnered a near $50 million fee for routing approximately $400 million on behalf of the scam’s founder – is now facing 50 years in prison; one year for every million he potentially earned.Scott Faces Jail Time for His RoleLawyers for Scott claimed that he did not realize One Coin had no value, and that he was simply doing a job assigned to him...