Tag: Scheme

Onecoin Leaders Indicted in the U.S. for Operating ‘Fraudulent Pyramid Scheme’

Onecoin Leaders Indicted in the U.S. for Operating ‘Fraudulent Pyramid Scheme’ On March 8, the Department of Justice and the U.S. Attorney’s Office Southern District of New York (SDNY) announced that officials have indicted two of the top leaders of the notorious Onecoin project. The prosecutors charged Onecoin cofounders Konstantin […]

1.3 Million Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme

1.3 Million Leaked Transactions Link Major Banks to .8 Billion Money Laundering Scheme A new set of reports by the Organized Crime and Corruption Reporting Project, compiled from over 1.3 million leaked transactions from 238,000 companies, have linked many major banks to a scheme to channel billions of dollars out […]

“Negative Interest” Is the Latest Government Scheme to Deter Saving

“Negative Interest” Is the Latest Government Scheme to Deter Saving Sweden’s central bank is discussing introducing a controversial new measure that will further deter its citizens from saving. The oxymoronic “negative interest” on tax accounts is technically designed to stimulate the economy. In reality, all it will do is encourage […]

South Korea Creates Gyeongbuk Coin for Gyeongsangbuk-do Loyalty Scheme

South Korea Creates Gyeongbuk Coin for Gyeongsangbuk-do Loyalty Scheme China may be doing all it can to suppress cryptocurrencies, but South Korea is going the opposite way. Specifically, in its Gyeongsangbuk-do Province. But what’s going on? Well, according to sources, officials are partnering with blockchain startup Orbs to create a […]