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A pig butchering scam (in Chinese sha zhu pan [2] or shazhupan, [3] (Chinese: 杀猪盘), translated as killing pig game) [1] is a type of long-term scam and investment fraud in which the victim is gradually lured into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent cryptocurrency scheme.
The bank's former CEO allegedly embezzled over $47 million to invest in a cryptocurrency scam. The U.S. attorney in Kansas says Shan Hanes, the bank’s CEO at the time, transferred approximately ...
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had ...
Last week, the SEC issued a Wells Notice—a warning-shot letter that informs an individual or a company that the agency intends to file a lawsuit—against Unicoin, a U.S.-based crypto investment ...
Investigation of Assets and Affairs: The liquidators are actively investigating the assets and affairs of JNX Online, which was used by Steynberg to buy and sell BTC and to pay creditors and employees of MTI. [2] This investigation aims to uncover any potential fraudulent activities or hidden assets that could be used to compensate the victims.
About 1-in-5 voters have invested in, traded or used cryptocurrency, according to a Tuesday poll. The survey from Emerson College Polling found that 19 percent of respondents have traded, invested ...
"Night wind hawkers" sold stock on the streets during the South Sea Bubble.(The Great Picture of Folly, 1720)Pump and dump (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements (pump), in order to sell the cheaply purchased stock at a higher price (dump).
These scams involve fraudulent investments where the scammer requests payment in cryptocurrency. This type of digital currency only exists in electronic form, making it harder to trace.