#ponzischeme

[officialcryptowire]

Is BotBro Safe? Risks, Returns & Legitimacy Reviewed | CryptoWire

What Is BotBro?

BotBro is a cryptocurrency investment platform that claims to use automated trading technologies to help users participate in digital asset markets.

The platform markets itself as a solution for investors seeking exposure to cryptocurrency trading without actively managing trades themselves.

Like many automated crypto investment services, BotBro generally emphasizes algorithmic trading, portfolio management, and technology-driven decision-making. However, investors should evaluate the platform based on verifiable information rather than marketing claims.

The key question many potential users ask is: Is BotBro safe?

The answer depends on several factors, including security measures, operational transparency, regulatory standing, risk management practices, and the investor’s own risk tolerance.

Is BotBro Regulated by Any Financial Authority?

No. BotBro is not authorised by any recognised financial regulator. It does not appear in the registers of the UK’s FCA, Australia’s ASIC, Cyprus’s CySEC, the US NFA, or India’s SEBI.

Broker-monitoring service WikiFX assigns it a safety score of roughly 1.45 out of 10, placing it firmly in what the service labels the danger zone.

For investors, the absence of regulation is decisive. A regulated broker must segregate client funds, submit to audits, and offer dispute channels.

With BotBro, complainants report that deposits sat in wallets controlled by the operator exposing them to full counterparty risk with no external safeguard.

Read more: Is BotBro Safe? Honest Review of Risks, Returns & Legitimacy

[bpknews]

HYD QNet Scam 🚨

A major fraud targeting IT employees has been exposed in Hyderabad. Loans, fake promises, and a large network scam uncovered by SIT.

👉 Read more:

HYD క్యూనెట్ కేసు: ఐటీ ఉద్యోగులపై భారీ మోసం

SIT విచారణలో బయటపడిన క్యూనెట్ స్కామ్ వివరాలు. ఐటీ ఉద్యోగులు ఎలా మోసపోయారో తెలుసుకోండి.

qnet #fraud #hyderabad #scamalert #news

[juandreschua]

How California Attorney Scott R. Carpenter Abused His Law License to Protect Fraud

Exposing Scott R. Carpenter’s involvement with Talentcrowd, Topdevs, and a network of co-conspirators who used the courts and banks for frau

The founder of Topdevs lost his company while Scott R. Carpenter supported the scheme in court.

[cryptostore-blog]

Do you know the Bitcoin founder’s identity is still a mystery?

Let's read out some interesting fun facts on our website under "Crypto Monk" section!!

[karmafishing]

Love that the last generation @gopro batteries and chargers are NOT compatible with the new Hero5! Love having to buy another portable charger and new extra batteries.. 👍🌴 We understand that our economy is a Ponzi's scheme based on infinite growth, and if we don't keep buying more shit it will collapse... Only problem is that this isn't sustainable on a finite planet 🌎 Please rethink your strategy and put the planet before the bottom line. #savetheplanet #gopro #ponzischeme #sustainable #finiteresources #finite #humans #photography #bamboo #savetheocean #savemeaplate #apple #iphone #youtoo

[joelekm]

This Ponzi Scheme Forced Its Victims Into Debt

What happens when a Ponzi scheme victim is later told they owe money back? This powerful episode of Steve on the Law explores one of Australia’s most unusual bankruptcy cases and the legal challenges faced after a major investment fraud collapses.

[blogdigest]

Another ‘Tan Sri’ Arrested Over MBI Ponzi Scheme

Police have arrested another individual with the title 'Tan Sri' suspected of involvement in the MBI International Group Ponzi scheme investment fraud, marking the latest development in the ongoing investigation.

Acting Director of Bukit Aman's Commercial Crime Investigation Department Datuk Muhammed Hasbullah Ali confirmed the 53-year-old Penang property company chairman was detained on Thursday and remanded for five days to assist investigations.

"The suspect's office, residence, and relevant documents have been searched for evidence," he told Bernama, adding that further arrests haven't been ruled out as investigations continue, with a press conference to be held soon to provide updates.

The suspect is believed to have acted as a proxy or partner in laundering illicit funds for the syndicate. This follows the April 18-21 ‘Op Northern Star’ that saw five individuals, including another 'Tan Sri' and 'Datuk Seri', arrested across the Klang Valley and northern Malaysia.

Authorities have also seized RM223.62 million worth of durian orchards (344ha in Raub, Pahang; 5.26ha in Jawi, Penang; and 13.76ha in Tasek, Kedah), frozen 299 bank accounts (RM123.61 million), and confiscated 12 luxury vehicles, a high-end watch, five mobile phones, and crucial documents.

Additional seizures include a palm oil processing plant in Selama, Kedah, a hotel, and a Penang property development company, bringing total confiscations from both operations to RM3.51 billion.

[thepenlive]

Another ‘Tan Sri’ Arrested in MBI Ponzi Scheme Investigation

KUALA LUMPUR, May 3 — Malaysian authorities have intensified their crackdown on financial fraud with the arrest of another high-profile individual linked to the controversial MBI International Group Ponzi scheme.

The suspect, a 53-year-old chairman of a property company based in Penang, was detained by police as part of ongoing investigations into large-scale investment fraud. According to officials from the Commercial Crime Investigation Department (CCID) at Bukit Aman, the individual has been remanded for five days to assist with inquiries.

Expanding Investigation

Law enforcement authorities confirmed that searches have been conducted at the suspect’s residence and office. Investigators also seized documents and other materials believed to be relevant to the case.

The suspect is believed to have played a key role in facilitating financial transactions for the syndicate, possibly acting as a proxy or collaborator in laundering illicit funds generated through the scheme.

Officials have not ruled out further arrests as the investigation continues to unfold. Authorities are expected to provide additional updates in a forthcoming press conference.

Background: The MBI Ponzi Scheme

The MBI International Group has been at the center of one of the region’s largest alleged Ponzi schemes, reportedly involving billions of ringgit and affecting numerous investors across multiple countries.

The latest arrest follows a major enforcement operation known as “Op Northern Star,” conducted between April 18 and April 21. During that operation, five individuals—including other high-ranking figures with titles such as “Tan Sri” and “Datuk Seri”—were apprehended across the Klang Valley and northern Malaysia.

Massive Asset Seizures

Authorities have also carried out significant asset seizures linked to the case. Among the confiscated assets are:

Durian plantations spanning hundreds of hectares in Pahang, Penang, and Kedah

Nearly 300 bank accounts containing substantial funds

Luxury vehicles and high-value personal items

A palm oil processing facility in Kedah

A hotel and a property development company in Penang

The total value of assets seized from the investigation has reached approximately RM3.51 billion, underscoring the scale and complexity of the alleged fraud operation.

Ongoing Efforts

Authorities emphasized that the investigation is still ongoing, with efforts focused on uncovering the full network behind the scheme and recovering misappropriated funds.

The case highlights the continued vigilance of Malaysian enforcement agencies in tackling financial crimes, particularly those involving large-scale investment fraud and money laundering.