Crypto-related scams are becoming increasingly prevalent, with one of the most significant recent cases unfolding in Argentina. Authorities have moved to freeze a crypto wallet linked to a Ponzi scheme that promised unrealistic returns to victims, primarily from San Pedro, Buenos Aires. This incident highlights the need for increased scrutiny and regulation in the cryptocurrency […]
California Court Orders $5 Million in Ponzi Scheme Penalties
In a decisive ruling that echoes the seriousness of investment fraud, a California court has mandated over $5 million in penalties pertaining to a Ponzi scheme orchestrated by a group of fraudsters led by David Carmona. The group, operating out of Los Angeles, exploited the trust of more than 190 investors, luring them with false […]