The celebrities had allegedly helped convince victims to join the pyramid scheme by enticing them to buy health and dietary supplements by The iCon Group and making financial commitments. A pyramid scheme fraud case has gripped Thailand after 18 people, including A-list stars, were arrested and assets worth 225 million baht (S$8.8mil) seized in connection with the case...
KUALA LUMPUR: Borrowing money from loan sharks is already stressful, but a new wave of deceit has emerged as scammers now attempt to intercept payments from victims to these illicit lenders. One such victim is a 36-year-old who wanted to be known only as Ah Chung, who lost RM1,000 to a scammer after borrowing money for...
JOHOR BARU: A local accountant has been swindled out of more than RM2.2mil after falling for a fraudulent investment scheme. Johor police chief Comm M. Kumar reported that the 75-year-old man was misled by a message from an unknown source promising high returns via an investment app. "On December 19 last year, the victim was told about...
Thomas John Sfraga, known as “TJ Stone,” entered a guilty plea to wire fraud charges in a Brooklyn federal court on Thursday. According to the U.S. Department of Justice, Sfraga was accused of deceiving investors with the promise of up to 60% returns within three months through a non-existent cryptocurrency digital wallet. Instead of fulfilling these promises, he...
Geneva (AFP): Lawyers for two men accused of embezzling US$1.8bil (RM8.61bil) from the Malaysian sovereign wealth fund 1MDB began laying out their case Thursday (April 18) after Swiss state prosecutors sought hefty jail terms. PetroSaudi chief executive Tarek Obaid, and Patrick Mahony, a director at the Saudi oil exploration and production company, are on trial at...
Geneva (AFP): Lawyers for two men accused of embezzling US$1.8bil (RM8.61bil) from the Malaysian sovereign wealth fund 1MDB began laying out their case Thursday (April 18) after Swiss state prosecutors sought hefty jail terms. PetroSaudi chief executive Tarek Obaid, and Patrick Mahony, a director at the Saudi oil exploration and production company, are on trial at...
A group known for its past blockchain fraud activities has reportedly launched a fresh scheme on Blast. According to ZachXBT, an on-chain detective, the group has moved approximately $1 million in laundered funds to Base to fuel its new scam. The unnamed group initially transferred the funds from an Ethereum (ETH) address linked to previous scams, from...
The Nigerian government has located Binance executive Nadeem Anjarwalla in Kenya after he escaped custody. The government is now hoping to bring him back to Nigeria. Punchng.com, citing sources within the Nigerian presidency working on the case, confirmed that Anjarwalla’s whereabouts in Kenya are known. Efforts are underway to coordinate with Kenyan authorities to return him to Nigeria. Anjarwalla is believed...
The zkSync decentralized exchange project, ZigZag, has accused the decentralized gambling platform ZKasino of fraud, claiming that the money used to build ZKasino was stolen from the ZigZag Treasury. ZigZag founder Kedar Iyer called out ZKasino founders on X, saying: “They would claim they were taking money out to pay developers for building the ZigZag frontend,...
Wen Jian was found guilty by a London court on one count of Bitcoin money laundering in connection to a $6 billion Chinese investment scam. On March 20, a U.K. jury found sufficient evidence linking Jian to Qian Zhimin, the apparent mastermind of a multi-year Bitcoin (BTC) fraud scheme that impacted some 130,000 investors in China,...
