Jury Convicts Las Vegas Man of $24M AI Crypto Mining Ponzi Scheme

Brent Kovar told at least 400 investors a supercomputer was mining crypto for them, and that their money was insured by the FDIC.

The top 3

  1. OneCoin: The Multi-Billion Dollar Fraud: OneCoin, co-founded by Ruja Ignatova, is estimated to have defrauded investors of over $4 billion worldwide through a fake cryptocurrency and multi-level marketing scheme.
  2. PlusToken: The Wallet Scam: PlusToken, disguised as a high-yield crypto wallet, defrauded victims of an estimated $3 billion to $6 billion, primarily in China, before its operators disappeared with the funds.
  3. BitConnect: Lending Platform Collapse: BitConnect operated a high-yield investment program from 2016 to 2018, promising 1% daily returns and defrauding investors of over $2 billion before its abrupt shutdown.

Sources

Open the full topic