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Ponzi scheme

VMS cryptocurrency fraud alleged by Korean Americans in Washington

Korean Americans in Washington State are seeking additional victims in what they allege is a cryptocurrency investment fraud involving VMS (Vehicle Mining System) and...

Ponzi Scheme Fraud: Korean Woman Charged in $3M Scam

Ponzi Scheme Fraud Charges Announced A Korean woman from Federal Way, Washington, has been indicted by a grand jury for alleged Ponzi scheme fraud, involving...

KOK Token Fraud Suspect Arrested in U.S., Faces Deportation

Han Ji-Wook, a central figure in the KOK Play token fraud, was arrested in the U.S. last year but later released on bail. He...

Investors claim they were allegedly defrauded by VMS crypto Ponzi scheme

Former directors and investors of a Korean-American cryptocurrency investment firm have come forward to claim fraud. On April 22, seven investors, including four former directors...

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