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How a ‘No Questions Asked’ Crypto Scheme Became a Federal Target
11.11.2024
A Danvers, Massachusetts man, Trung Nguyen, was convicted of money laundering and operating an unlicensed cryptocurrency business that converted over $1 million in cash to bitcoin. Through his company, National Vending, Nguyen ran a “no questions asked” cash-to-bitcoin service from 2017...
Millions Recovered: DOJ Orders Seized Funds Returned in Failed Bank’s Crypto Scheme
6.11.2024
A judge ordered millions seized in a Kansas crypto fraud scheme be returned to defrauded investors, marking partial relief for victims of the bank collapse. Millions Lost, Millions Returned: DOJ Mandates Restitution for Defrauded Investors The U.S. Department of Justice (DOJ) announced on Monday...
UK Pension Scheme Embraces Bitcoin, Marking a Historic Leap Into Crypto
5.11.2024
A UK pension scheme has allocated 3% of its portfolio to bitcoin, marking a groundbreaking move aimed at diversification and potential long-term growth amid economic challenges. Rethinking Retirement: Bitcoin’s Intriguing New Role in UK Pension Schemes Cartwright, a pension specialist...
UK-based pension scheme makes 3% Bitcoin allocation
4.11.2024
Cartwright reported that an “unnamed scheme” based in the UK had made a 3% allocation of Bitcoin into its pension fund
Come to the light-dark() Side
25.10.2024
You’d be forgiven for thinking coding up both a dark and a light mode at once is a lot of work. You have to remember @media queries based on prefers-color-scheme as well as extra complications that arise when letting visitors …
Come to the light-dark() Side originally published...
Football Stars to Face Legal Actions Regarding $3.2B Pyramid Scheme Promotion
23.10.2024
Promoting Omegapro, a pyramid scheme that raised over $3 billion from over 3 million customers, might make a group of European football stars face legal action. Hundreds of users affected would be preparing to sue these individuals, alleging that they trusted the company, which offered yields...
Judge delays sentencing of IcomTech promoter to allow testimony
22.10.2024
Gustavo Rodriguez, who was initially scheduled to be sentenced following his conviction for conspiracy to commit wire fraud, will testify under oath on Oct. 25
20-Year Prison Sentence Looms for Man Accused of Crypto Money Laundering Scheme
18.10.2024
A North Carolina man has been indicted for allegedly laundering more than $380,000 in a wire fraud scheme, according to the Department of Justice. The suspect is accused of moving illicit funds through payment platforms and cryptocurrency exchanges, transferring over $240,000 to crypto addresses....
Crypto Scheme Settlement: Tennessee and GS Partners Resolve Misleading Digital Asset Investments
17.10.2024
Tennessee has secured a multi-million dollar settlement with GS Partners over alleged deceptive investment schemes involving digital assets and the metaverse. Investors were enticed with tokens and vouchers linked to physical gold, skyscrapers, and virtual staking pools. Now, affected individuals...
Forcount “Crypto Ponzi Scheme” Promoter, Juan Tacuri Sentenced to 20 Years in Prison
17.10.2024
The US Department of Justice has sentenced Juan Tacuri — a senior promoter of the ‘Forcount’ Crypto Ponzi…
US Sends Crypto Promoter to Prison for 20 Years in Multi-Million Dollar Ponzi Scheme
17.10.2024
A cryptocurrency promoter was sentenced to 20 years in prison for running a Ponzi scheme that defrauded thousands of investors, particularly in Spanish-speaking U.S. communities. The scheme, disguised as a crypto mining operation, promised guaranteed returns but left victims unable to withdraw...
Forcount ‘Ponzi scheme’ promoter sentenced to 20 years in prison
17.10.2024
According to US prosecutors, Juan Tacuri, and his co-conspirators, defrauded investors of $8.4 million in an apparent Ponzi Scheme
Forcount ‘Ponzi scheme’ promoter sentenced to 20 years in prison
17.10.2024
According to US prosecutors, Juan Tacuri, and his co-conspirators, defrauded investors of $8.4 million in an apparent Ponzi Scheme
$150M Crypto Scheme Leader Vanishes From US Detention, Active Manhunt Underway
15.10.2024
A German national accused of orchestrating a $150 million cryptocurrency fraud is now a fugitive after allegedly tampering with his ankle monitor while on home detention in New York. Prosecutors say he led a multi-level marketing scheme, promising massive returns, before siphoning off millions...
Alleged crypto fraudster on the run after tampering ankle bracelet
12.10.2024
USI-Tech’s former CEO Horst Jicha was placed under home detention in New York on a $5 million bond guaranteed by his partner and children before fleeing
High-Return Crypto Scheme Hit With Cease-and-Desist in Texas
11.10.2024
Texas regulators have issued an emergency cease-and-desist order against two individuals accused of promoting a fraudulent cryptocurrency investment scheme. The alleged scheme, tied to Trage Technologies, promised high returns on digital asset arbitrage trading but is accused of misleading...
SEC settles with trading firm over $4M ‘AI-washing’ scheme
11.10.2024
The SEC alleged that Rimar LLC’s executives overstated the AI capabilites of
Mango Labs sues DAO members for alleged embezzlement scheme
10.10.2024
The drama around Mango Labs just never seems to stop. Its problems are with its own members, too
86-year-old to pay $14M after admitting to running crypto Ponzi scheme
9.10.2024
Prosecutors only sought a five-year probation sentence for crypto schemer David Kagel because of his age and ailing health
Founder of crypto ‘Ponzi’ scheme’ IcomTech sentenced to 10 years in prison
5.10.2024
David Carmona was the “mastermind” behind IcomTech’s “Ponzi scheme," which netted an estimated $8.4 million from victims