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The CFTC Asks Court to Issue Fines in Excess of $100M Against Mastermind of a Fraudulent Crypto Scheme
11.1.2021
The Commodity Futures Trading Commission (CFTC) has filed a motion with the New York Southern District Court that seeks heavy penalties against Michael Ackerman, the mastermind of a fraudulent cryptocurrency scheme. According to the motion, the U.S. agency wants the court to order Ackerman to...
Mastermind of a Cryptocurrency Scam Arrested in India
6.1.2021
An alleged mastermind of a cryptocurrency scam has been arrested in India after he fled the country to Dubai. Investors were duped into investing in a cryptocurrency linked to a crypto exchange he established. The scheme also promised investors a monthly return of 20%-30% on investments. Alleged...
Mastermind of $25 Million Crypto Debit Card Scheme Sentenced to Prison
18.12.2020
The mastermind behind a $25 million cryptocurrency debit card scheme has been sentenced to one year and one day in prison, in addition to three years of supervised release. The authorities have also seized his cryptocurrency. $25 Million Crypto Credit Card Scheme The U.S. Department of Justice...
Mastermind of Bitcoin Mining Ponzi Scheme Extradited to the US: $20 Million in Victims’ Funds Laundered
1.12.2020
The US government says it has extradited Gutemberg Dos Santos, the co-founder of the Airbit Club Ponzi scheme from Panama and he now awaits his trial in a Manhattan court. Dos Santos is facing charges relating to his role in perpetuating a “cryptocurrency” scam which defrauded victims...
Nigerian Authorities Put Mastermind of the Inksnation Crypto Scam on Wanted List
16.11.2020
Nigeria’s Economic and Financial Crimes Commission (EFCC) is seeking the public’s help in locating Omotade Sparks Amos Sewanu, the mastermind behind the Inksnation crypto scam. According to a notice published in the local media on November 11, the EFCC wants Sewanu to respond to fraud...
Mastermind of Alleged Billion Dollar Spanish Pyramid Scheme Arrested, Faces 16 Year Prison Sentence
23.10.2020
The CEO of Arbistar the Spanish investment company, Santiago Fuentes, has been arrested and arraigned on charges of fraud, belonging to a criminal organization and money laundering. Fuentes, who has been in hiding since September, was arrested at one of his properties in the south of Tenerife....
The Silk Road Balance Sheet Discrepancy: Bitcoin Worth $4.8 Billion Still Missing
12.10.2020
The original Silk Road marketplace has been shut down for well over seven years now and to this day, 444,000 bitcoin worth $4.8 billion is still missing. Just recently, a report focused on those funds discusses one of the market’s biggest mysteries and how people have seemingly forgotten...
Alleged second teen mastermind behind Twitter’s 'Bitcoin giveaway' hack
2.9.2020
Graham Ivan Clark may not be the only juvenile responsible for the massive Twitter breach on July 15
Alleged 17-Year-Old Twitter Hack Mastermind Pleads Not Guilty
5.8.2020
On Tuesday, during a court hearing in Hillsborough Circuit Court, the “mastermind” of the Twitter hack pleaded not guilty
Alleged Twitter Hack ‘Mastermind’ Owns $3 Million in Bitcoin, Bail Set at $725K
3.8.2020
Regional reports from Tampa show that the alleged “Mastermind” behind the July 15, Twitter hack owns more than $3.3 million dollars worth of bitcoin. While appearing on a video screen at the Hillsborough County Courthouse, the judge set 17-year old Graham Clark’s bail at $25,000...
Federal Agents Arrest Suspected 17-Year-Old Twitter Hack ‘Mastermind’ in Florida
1.8.2020
On Friday a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack that saw a great number of high profile accounts compromised. The hack also netted roughly $120,000 worth of bitcoins by leading unknowing individuals...
South African Investors to Lose $13 Million as Bitcoin Scammer Declared Bankrupt
7.7.2020
A South African high court has declared an alleged bitcoin scam mastermind, Willie Breedt, bankrupt. The court decision follows an application by one disgruntled investor, Simon Dix, a News24 report states. Willie Breedt is the CEO of the defunct Vaultage Solutions (VS), the company at the center...
Even Putin Couldn’t Save This Dark Web Mastermind From Prison
26.6.2020
Even Vladimir Putin was not able to save this Dark Web mastermind who ran an elite invite-only cybercrime club
Satoshi Nakamoto Candidate Paul Le Roux to Start Bitcoin Mining Business After Prison Time
16.6.2020
A possible Satoshi Nakamoto, the mysterious creator of Bitcoin, has been sentenced to 25 years in prison. Criminal mastermind Paul Le Roux told the judge that upon his release he plans to “start a business selling and hosting bitcoin miners,” claiming that his ASIC chip design will...
Alleged Mastermind of Sex Abuse Chatrooms Hid Payments With Privacy Coin Monero
26.3.2020
The 25-year-old used the cryptocurrency monero to obfuscate payments for abusive sexual material, according to a CoinDesk Korea investigation
FBI Interrogates Bitcoin Racket Mastermind Arrested by The CID in Surat, US Agency’s First Visit to India
25.7.2019
In a first, premier United States investigation agency, Federal Bureau of Investigation (FBI), landed in Surat to interrogate the Bitcoin racket mastermind Satish Kumbhani. The officers interrogated Kumbhani for the crimes committed in the US through his BitConnect, his fraud crypto company....
Tether Mastermind Behind BTC Surge, Stays True To Its Position
2.7.2019
Tether, the cryptocurrency that claims to be backed by a dollar for each USDT issued, is majorly a tool to mitigate risk against speculations rather than being an investment. Time and again, the coin has been staying true to its position in the crypto market. It has been a very engaging sight...
Satoshi Nakamoto Could Be Criminal Mastermind Paul Le Roux
13.5.2019
One of the most enduring mysteries of modern times has produced another enthralling twist. Satoshi Nakamoto, Bitcoin’s pseudonymous and enigmatic creator, has not been seen online in more than eight years. Evidence has now surfaced that points to a new Satoshi candidate, whose known life...