OneCoin: Huge Crypto Ponzi Perp Konstantin Ignatov is Arrested in LA as Feds Close In. “If It Sounds Too Good to Be True, It Probably Is”

March 11, 2019 @ 6:02 pm By JD Alois |

On Friday, the Manhattan U.S. Attorney, part of the Department of Justice, issued a statement regarding ongoing Ponzi scam OneCoin stating that alleged perpetrator Konstantin Ignatov had been arrested at the Los Angeles airport. Ignatov was hit with charges of wire fraud conspiracy regarding the… Read More

Three Charged in Bulgaria for $5 Million Cryptocurrency Theft

November 27, 2018 @ 9:36 am By Cali Haan |

Bulgarian police have arrested and charged 3 people accused of stealing $5 million in cryptocurrencies, Reuters reports. The arrests were announced Monday by officials from the Bulgarian Ministry of the Interior and local prosecutors. Police seized $3 million in cryptocurrency at the scene as well… Read More

Samoan Central Bank: “No Guarantee Cryptocurrencies Will Hold Their Value,” Dealers Will Be Treated as Financial Instittutions

September 5, 2018 @ 10:04 pm By Cali Haan |

The Central Bank of Samoa (CBS) has issued a press release warning the public that cryptocurrencies like Bitcoin have no legal status as currencies in that country and should be considered, “very risky and speculative in nature.” According to the CBS: “People who invest in… Read More