Is It Safe to Invest in Cryptocurrency?

Bellflower financial services operators charged in $1 million cryptocurrency fraud

BELLFLOWER, California — Two individuals from a Bellflower financial services company have been charged with defrauding over $1 million from 30 victims through a cryptocurrency investment scheme, targeting low-income, primarily Spanish-speaking community members, according to the Los Angeles County District…

Is it safe to invest in cryptocurrency?

(NewsNation) — One in five Americans owns cryptocurrency, according to the National Cryptocurrency Association, yet a report has found a majority of the population doesn't buy into its reliability. As some lawsuits against crypto companies have emerged and Congress has passed regulatory legislation, about 63% of Americans say they have little to no confidence in cryptocurrency's investing and trading reliability and safety, according to a Pew Re…

LACo Duo Charged in $1M Cryptocurrency Investment Scheme

The operator and employee of a Bellflower financial services company are accused of allegedly stealing more than $1 million from low-income, primarily Spanish-speaking victims through a fraudulent cryptocurrency investment scheme, officials announced Friday. Yone Rios, 53, of Rancho Cucamonga and Erwing Cuevas, 35, of Norwalk are each charged with 30 felony counts of grand theft. Rios is additionally charged with one felony count of forgery rela…

Crypto Scammer Gets 8 Years For $40M EmpowerCoin, ECoinPlus, Jet-Coin Fraud - Data Intelligence

A man at the center of a massive crypto Ponzi scheme will spend nearly eight years behind bars after a federal judge handed down a 97-month prison sentence in

Crypto scammer gets 8 years for $40M eEmpowerCoin, ECoinPlus scams

Dwayne Golden was sentenced to 97 months in prison for masterminding a $40M Ponzi scheme through EmpowerCoin, ECoinPlus, and Jet-Coin, with funds misused.

Operator behind sham crypto firms EmpowerCoin, ECoinPlus, and Jet-Coin sentenced to 8 years in prison – MAXBIT

Golden was first charged with financial crimes related to running EmpowerCoin, ECoinPlus, and Jet-Coin in March 2022. Source link