GemCoin Founder Sentenced to 10 Years for $147M Crypto Scheme
The judge scheduled a restitution hearing for victim investors for this summer.
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Jan 11, 2021 at 11:12 p.m. UTC
Jan 11, 2021
GemCoin
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Gemcoin Founder Agrees to Plead Guilty to Fraud, Tax Evasion for $147M Scheme
Steve Chen agreed to plead guilty to tax evasion and conspiracy to commit wire fraud in connection with the $147 million Gemcoin scheme.
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Feb 19, 2020 at 9:26 p.m. UTC
Feb 19, 2020
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'Gemcoin' Ponzi Scheme Operator Hit With $74 Million Judgment
One of the leaders of a Ponzi scheme that involved a fictitious cryptocurrency has been ordered to pay $74 million.
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Mar 15, 2017 at 4:10 p.m. UTC
Mar 15, 2017
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GemCoin Investors Seek $100 Million in Class Action Lawsuit
An $100m class action lawsuit has been filed on behalf of victims of an alleged Ponzi scheme involving the fake cryptocurrency 'Gemcoin'.
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Oct 8, 2015 at 9:42 a.m. UTC
Oct 8, 2015
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SEC Seizes Assets from Alleged Altcoin Pyramid Scheme
A California company promoting a digital currency called GemCoin has had its assets seized by the US government amid allegations of fraud.
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Oct 1, 2015 at 6:52 p.m. UTC
Oct 1, 2015