{"id":6535,"date":"2022-08-01T18:36:50","date_gmt":"2022-08-01T16:36:50","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/08\/01\/cryptocurrency-fraud-scheme-busted-by-us-securities-agency\/"},"modified":"2022-08-01T18:36:50","modified_gmt":"2022-08-01T16:36:50","slug":"cryptocurrency-fraud-scheme-busted-by-us-securities-agency","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/08\/01\/cryptocurrency-fraud-scheme-busted-by-us-securities-agency\/","title":{"rendered":"Cryptocurrency fraud scheme busted by US securities agency"},"content":{"rendered":"<p>The Forsage pyramid scheme cheated investors out of $300m worldwide over more than two years<\/p>\n<p>US authorities have busted a huge cryptocurrency pyramid scheme, charging 11 people for their role in defrauding retail investors for more than $300m worldwide.<\/p>\n<p>The US Securities and Exchange Commission (SEC) announced the charges Monday, which relate to a Ponzi scheme called Forsage that had operated for more than two years. The agency charged the alleged founders of the pyramid scheme as well as several promoters. <\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/aug\/01\/forsage-cryptocurrency-scheme-fraud-us-sec\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/da8463d8b957acfd68c02b037e2f66177de4267b\/0_116_3500_2101\/master\/3500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=0a958a8fb297a6bed004953616cfeb7b\" title=\"Cryptocurrency fraud scheme busted by US securities agency\" \/>The Forsage pyramid scheme cheated investors out of $300m worldwide over more than two years<br \/>\nUS authorities have busted a huge cryptocurrency pyramid scheme, charging 11 people for their role in defrauding retail investors for more than $300m worldwide.<br \/>\nThe US Securities and Exchange Commission (SEC) announced the charges Monday, which relate to a Ponzi scheme called Forsage that had operated for more than two years. The agency charged the alleged founders of the pyramid scheme as well as several promoters.  Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Forsage pyramid scheme cheated investors out of $300m worldwide over more than two years US authorities have busted a huge cryptocurrency pyramid scheme, charging 11 people for their role in defrauding retail investors for more than $300m worldwide. The US Securities and Exchange Commission (SEC) announced the charges Monday, which relate to a Ponzi &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/08\/01\/cryptocurrency-fraud-scheme-busted-by-us-securities-agency\/\"> <span class=\"screen-reader-text\">Cryptocurrency fraud scheme busted by US securities agency<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":6536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/6535"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=6535"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/6535\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/6536"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=6535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=6535"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=6535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}