Category: Pyramid Scheme

Mastermind of Alleged Billion Dollar Spanish Pyramid Scheme Arrested, Faces 16 Year Prison Sentence

Mastermind of Alleged Billion Dollar Spanish Pyramid Scheme Arrested, Faces 16 Year Prison Sentence

The CEO of Arbistar the Spanish investment company, Santiago Fuentes, has been arrested and arraigned on charges of fraud, belonging to a criminal organization and money laundering. Fuentes, who has been in hiding since September, was arrested at one of his properties in the south of Tenerife. The Arbistar Pyramid Scheme Fuentes’ arrest stems from […]

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Philippines Regulator Warns Investors to Steer Clear of Mining City’s Bitcoin Vault Ponzi

Philippines Regulator Warns Investors to Steer Clear of Mining City’s Bitcoin Vault Ponzi

There’s a mining contract scheme people are discussing and making the rounds on the web called “Mining City” or “Bitcoin Vault.” The Philippines SEC recently put out a warning against the operation and the alleged masterminds behind the project. One thing is for sure, there’s been a number of crypto Ponzi operations over the years, […]

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