The FTC settled with Alex Mashinsky for $10M — but none of that reaches former Celsius customers. Your real recovery runs through the bankruptcy estate. Here’s how.
I read the research and court records on day trading, forex bots, prop-firm challenges, and trading gurus. Who actually gets rich? The person selling the dream.
Every investment fraud follows the same 5-pattern playbook — hidden identity, industry cover, guaranteed returns, referral distribution, and regulatory arbitrage. Here are the checks that would have stopped each one, documented across $6.5B+ in cases covered.
Par Funding raised $547 million from 1,200+ investors. Its founder used a fake name to hide two felony convictions. All eight defendants pleaded guilty. Here are the five red flags that were there from the start — and how to spot the same pattern.
Eli Weinstein received presidential clemency in January 2021 after serving eight years of a 22-year sentence for a $200 million Ponzi scheme. Eleven months later, he was stealing again. This is the affinity fraud playbook — and what to watch for.
New York AG Letitia James issued a consumer alert about pig butchering scams, where criminals build fake relationships before steering victims into fraudulent crypto investments. The FBI reports $5.8 billion in losses in 2024 alone, with average victims losing $115,000.
Quick Answer: SafeMoon CEO Braden Karony was sentenced to 100 months (8+ years) in prison for manipulating cryptocurrency tokens and stealing over $9 million from investors. He bought mansions, sports cars, and custom trucks while draining liquidity pools that investors believed were locked.Another crypto CEO learned that “get rich quick” schemes work great—until you’re the …
Matthew Shane Perkins of Utah pleaded guilty to wire fraud in an $89 million investment scheme that defrauded over 200 victims. He falsified account statements and spent investor money on a home, cabin, and airplane.
The FTC and Florida permanently shut down RivX, a trucking ‘business opportunity’ scam that took $8.39 million from consumers who paid $75,000+ expecting passive income. None of the victims ever made a profit.
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