Tagged: scam

Bomb Threat Bitcoin Extortion Scam Afoot

The Australian Cyber Security Centre (ACSC) in Australia and The National Cybersecurity and Communications Integration Center (NCCIC) in the United States have both issued warnings that emails are being sent out claiming bombs have been set in targets’ premises and will be detonated if a ransom of… Read More

Tokyo Police Accuse Eight Men of Running $68 Million Bitcoin Ponzi Scheme

Eight men in Tokyo have been charged by local police with running a Bitcoin Ponzi scheme that authorities say defrauded over 6000 individuals in 44 Japanese prefectures of ¥ 7.8 billion ($68.44 million), Asahi reports. The men, including Kazunari Shibata, 46, who works as an executive… Read More

RECoin and Diamond Reserve Coin ICO Issuer Pleads Guilty to Fraud

The first person to be prosecuted in the US for ICO (initial coin offering) fraud has pleaded guilty to misleading 1000 investors, Bloomberg reports. On Thursday, Maksim Zaslavskiy, 39, admitted in a Brooklyn federal courtroom that he collected money for two ICOs: RECoin and Diamond… Read More

Police in Turkey Arrest 11 People Connected to Alleged Bitcoin Theft

Police in Istanbul arrested 11 people last week in connection with the hacking theft of bitcoins from the cryptocurrency wallets of 14 victims, Hürriyet reports. Along with 11 suspects detained, police from the Cybercrimes Division also seized 18 mobile phones, 18 sim cards, 22 flash memory… Read More

Head of Indian BitConnect Scam Arrested

The man accused of leading the Bitconnect cryptocurrency pyramid scheme in India was arrested this weekend at an airport in New Delhi, Financial Express reports. Divyesh Darji was en route to Ahmenabad, the capital of the Indian state of Gujarat, from Dubai, where he had… Read More

SEC Issues Investor Alert on Self Directed IRAs, Includes Special Warning on Digital Assets such as ICOs

Last week, the Securities and Exchange Commission issued an investor alert on Self Directed IRAs. As one would expect, the individual investor manages these retirement accounts without the assistance of an investment advisor. A self-directed IRA is held by a custodian that allows investment in a broader… Read More

Twitter CryptoScam Orchestrator Claims Raking in $50-100K a Day

A well-known Quebec-based “cryptoevangelist” and YouTuber called Adam Guerbuez claims that an “ethereum giveaway” scammer soliciting via a bot on Twitter has claimed he or she is skimming up to $100 ooo in Ether (ETH) from “mooches” (targets) per day. The story is related in… Read More

Telegram Founder Pavel Durov is Latest Target of Twitter Spoofing Crypto Scam

This crypto spoofing scam has become almost predictable as it happens all of the time. Crooks attempting to steal cryptocurrency will try and spoof Twitter accounts to make it look like a trusted, known individual or business is giving away ETH or BTC only to… Read More

SaveDroid Raises $50 Million in ICO, Company Disappears with Mocking Website as CEO Taunts Backers

SaveDroid appears to be the latest in a long line of initial coin offering scams. Adding insult to injury, the website home page posted a mocking image stating “aannnd its gone” while the CEO tweeted photo stating Thanks guys! Over and out … #savedroidICO –… Read More

Updated: Bancor Says Private Token Sale a Scam

Bancor, a company that launched one of the largest initial coin offerings (ICOs) of 2017, has sent an email out to its community notifying users of a phishing scam In June of 2017, the Bancor Foundation raised more than $153 million in its ICO. The “Token Generation… Read More

SEC Emergency Action Halts PlexCoin ICO Scam. First Charges Filed by New SEC Cyber Unit

The Securities and Exchange Commission has obtained an emergency asset freeze to halt an Initial Coin Offering (ICO) scam that reportedly raised up to $15 million from thousands of investors since August. Dominic Lacroix, and his company, PlexCorps, had launched the PlexCoin ICO and falsely… Read More

Questions Arise on Bankera Initial Coin Offering as BitcoinTalk Forum Levels Serious Accusations

Following the announcement of Bankera’s forthcoming Initial Coin Offering (ICO), a reader pointed out a discussion taking place on BitcoinTalk that is making serious accusations against the ICO and its founders. Several users on the forum have alleged that Bankera co-founder, Vytautas Karalevičius, is a scammer…. Read More

Are GoFundMe’s “Buy Congress’ Internet Data” Crowdfunding Campaigns Scams?

In votes this and last week that were largely along party lines, US Congress moved to dismantle the landmark internet privacy protections for consumers, a strike against Obama’s telecommunications and technology regulations.. At this writing GoFundMe is hosting fourteen concurrent crowdfunding campaigns that supposedly offer donors the opportunity to buy Congress… Read More

CashCall to Refund $15M+ Over Illegal Online Lending Scheme

Attorney General Mark R. Herring announced that Virginia consumers will be receiving $15.335 million in restitution and debt relief as part of a settlement to resolve claims that CashCall, Inc. and its president and CEO J. Paul Reddam illegally deceived borrowers and collected illegal interest of up… Read More

Kanye West Will Not Be Taking Any Funds from GoFundMe Campaign

Following the launch of a fan running GoFundMe campaign to help Kanye West, sources close to reportedly “debt-stricken” musician revealed that he won’t be taking ANY of the funds from the initiative. The organizer of the campaign, Jeremy Piatt, revealed to TMZ that he was contacted by… Read More

Canadian Woman Fakes Rare Neurological Disease & Raises Over $125,000 on GoFundMe

On Friday, a Burlington woman named Cynthia Lynn Smith was accused of scamming backers on GoFundMe by faking a rare neurological disease known as Chronic Inflammatory Demyelinating Polyneuropathy. Authorities confirmed that Smith went as far as acting out symptoms to convince family and friends to help her… Read More

Is SOAP Another Scampaign? Questions Persist as to Projects Viability

  Last year, We shared some details about the Kickstarter- crowdfunding success SOAP Rablet, the all-in-on home automation router. The device was described as 2 GB/S WiFi 802.11AC, BLE, Zigbee, Zwave, Insteon, RFID/NFC, Home Media Server, Your Own Cloud and Domain.  Kind of a swiss army knife of… Read More

Kickstarter Campaign Creator Accused of Scamming Backers; Runs Off With Over $54,000

Earlier this year, 20-year-old San Diego resident, Taylor Beck, launched a crowdfunding campaign on Kickstarter to raise a mere $2,000 for his new tutorial called Le arn iPhone App Development. Not only did the project surpassed its initial goal super quickly, it reached well over… Read More

Scam Alert: Alleged Bone Cancer Patient Shuts Down GoFundMe Campaign After Being Busted With Bogus Photos

Earlier this month, an alleged Iraq war veteran known as Kevin Fish debuted his crowdfunding campaign on GoFundMe to raise $4,000 for what he noted to be his final trip to his family in Louisiana before he died from bone cancer. Fish shared on the… Read More

Scam Alert: Louisiana Woman Reportedly Rips Off Donors Seeking to Help Single Father Through GoFundMe Campaign

Earlier this week, an Abbeville, Louisiana woman was arrested for “defrauding donors” through a crowdfunding campaign on GoFundMe. According to an Austin, Texas news station, Taylor, Texas law enforcement officials stated that Fallon Mouton raised $4,600 through the campaign for a Texas man, Moses Perez,… Read More

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