Estonia, Ponzi scheme and cryptocurrency

Two Estonian nationals plead guilty in $577 million crypto HashFlare Ponzi scheme
The Estonian pair also founded another venture called Polybius in 2017, a virtual currency bank that promised to pay investors dividends from profits.
Estonians plead guilty to US charges in $577 mn crypto scheme
Two Estonian nationals have pleaded guilty to defrauding hundreds of thousands of people around the world in a $577 million cryptocurrency Ponzi scheme, the Justice Department said Thursday. As part of their guilty pleas,
HashFlare Co-Founders Plead Guilty in $577M Crypto Mining Ponzi Scheme
Yesterday, both men pleaded guilty to one count each of conspiracy to commit wire fraud, which carries a maximum sentence of 20 years in prison. Between 2015 and 2019, Potapenko and Turõgin convinced Hashflare’s investors to rent a percentage of the scheme’s crypto mining operations in exchange for a percentage of the cryptocurrency Hashflare produced.
Two Estonian nationals plead guilty in US$577M cryptocurrency fraud scheme
Two Estonian citizens have pleaded guilty in the United States to orchestrating a cryptocurrency "Ponzi" scheme worth over half a billion dollars, defrauding hundreds of thousands globally.
HashFlare Operators Plead Guilty in $577M Cryptocurrency Mining Fraud
Two Estonian founders of HashFlare pleaded guilty to running a $577 million fraudulent cloud mining operation that had less than 1% of its claimed computing power and agreed to forfeit $400 million in assets while facing up to 20 years in prison.
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Prisoners could serve their time in Estonia
Shabana Mahmood, the Justice Secretary, and Liisa Pakosta, her Estonian counterpart, were expected to discuss prison leasing on the sidelines of a Council of Europe event in Vilnius, Lithuania ...
Daily Express27d
The eerie abandoned prison right next to stunning seaside resort full of tourists
In fact, this Estonian underwater site was once a prison built by the Soviet Union. This semi-emerged site was once known as Rummu Prison and housed inmates back in the 1940s. It may be a place ...
National Review9y
Estonian Intelligence Officer Kidnapped by Russia Now Sentenced to 15 Years in Prison for ‘Espionage’
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ERR News21d
Justice minister: Estonia has adopted more EU laws than necessary
In general, she believes Estonia is a "lean state." Estonia is currently discussing the possibility of leasing Tartu Prison to foreign countries. Pakosta said that if the state cannot find ...
decrypt18h
Estonian Nationals Plead Guilty in $577 Million Crypto HashFlare Ponzi Scheme
The pair, who face 20 years in prison, lacked the necessary computing power to carry out the crypto mining they had promised to investors.