crypto Ponzi scheme
Coverage of crypto Ponzi scheme in the Nexus archive.
- Business owner faces up to 280 years over $24M crypto Ponzi scheme
A federal jury convicted Brent Kovar of charges including wire fraud, mail fraud, and money laundering. The conviction stemmed from him taking $24 million in a crypto Ponzi scheme from at least 400 investors.
- Goliath Ventures CEO Pleads Guilty to $250M Crypto Ponzi Scheme
Christopher Delgado, CEO of Goliath Ventures, pleaded guilty to a $250 million crypto Ponzi scheme. The fraud, described as a 'liquidity pool' scheme, took in at least $400 million, which was spent on luxury items including mansions, Lamborghinis, and Rolexes.
- Tennessee Man Indicted for Alleged Crypto Ponzi Scheme That Stole Millions From Investors
A Tennessee man was indicted for allegedly operating a crypto Ponzi scheme from 2020 to 2024, which defrauded investors of millions of dollars. Federal authorities charged him in connection with the fraudulent investment activity.