Bitcoin Con Artist Docked for $2.5 Million By U.S. Federal Court

A U.S. Federal Court recently indicted Gelfman Blueprint Inc. (GBI) and its CEO Nicholas Gelfman to the tune of $2.5 million for running a Bitcoin Ponzi scheme. The matter is the first ever anti-fraud proceedings concerning Bitcoin taken up by the Commodity Futures Trading Commission (CFTC). Court Levies $2.5 Million Against GBI and Gelfman  According […]

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South African Crypto Scam Update: A Bashful Bitcoin Fraudster and More than $80m Missing

Nikita Blows · May 29, 2018 · 4:00 am It’s been nearly three months since news broke of a multi-million-dollar cryptocurrency scam in South Africa. Let’s take a look at some of the latest developments. In March of this year, we reported on a massive Ponzi scheme in South Africa which affected nearly 28,000 crypto investors. […]

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