SEC Charges Eleven In Multimillion-Dollar Crypto Pyramid Scheme  

Like any financial system, the crypto space has its fair share of scams and pyramid schemes. Amidst the growing adoption and emergence of more of these schemes, the SEC has indicted 11 individuals for their connection with a global crypto Ponzi Scheme that spanned two years.

https://zycrypto.com/sec-charges-eleven-in-multimillion-dollar-crypto-pyramid-scheme/