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FBI Arrests Trio Accused of Bilking Banks Out of $10M, Converting Funds to Crypto
16.11.2023
Three men duped New York-area banks into shelling out more than $10 million and tried to make off with the money by converting it to crypto, U.S. Attorney Damian Williams said Thursday in a statement
5 Charges Temporarily Suspended in FTX Co-Founder Sam Bankman-Fried’s Legal Battle
17.6.2023
The U.S. Department of Justice (DOJ) and federal prosecutors in New York have opted to temporarily suspend five charges against the beleaguered FTX co-founder Sam Bankman-Fried (SBF). Nevertheless, these five charges have been “severed” and deferred until 2024, potentially leaving...
Australia's Commonwealth Bank Will Partially Restrict Payments to Crypto Exchanges
8.6.2023
The Australian bank announced on Thursday that will decline "certain payments" to crypto exchanges or hold them for a period of 24 hours
Ex-NFL team owner Reggie Fowler gets 6 years for crypto ‘shadow banking’
6.6.2023
U.S. Attorney Damian Williams said Fowler’s lies exposed the U.S. financial system to “serious risk.”
Former Deutsche Bank Investment Banker Charged With Crypto Fraud in US
14.4.2023
An investment banker formerly employed by Deutsche Bank has been charged with perpetrating a crypto-related fraud. The man from Brooklyn has been accused of misappropriating funds from victims whom he promised large returns on cryptocurrency investments in a Ponzi-like scheme. Ex-Deutsche Bank...
FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense
30.3.2023
According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least...
Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials
28.3.2023
Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.” Details of the Bribery Charges Against...
Former FTX Director Pleads Guilty to Charges of Fraud, Money Laundering, and US Campaign Finance Violations
28.2.2023
Roughly 11 days ago, it was reported that Nishad Singh, the former director of engineering at FTX, was working with federal prosecutors to arrange a plea deal. On Tuesday, Singh pleaded guilty to criminal charges and stated, “I am unbelievably sorry for my role in all of this.” Singh Cooperating...
Former FTX CEO Sam Bankman-Fried Faces New Charges in Multi-Billion Dollar Fraud Case
23.2.2023
Sam Bankman-Fried (SBF), the disgraced co-founder of FTX, faces four more charges after a new indictment was unsealed on Wednesday. The charges include operating an unlicensed money transfer business and conspiring to commit bank fraud. SBF Gets 4 New Charges Tacked Onto His Indictment The former...
Peter Schiff’s Euro Pacific Bank Under Investigation by Tax Authorities in 5 Countries
19.10.2020
Euro Pacific Bank, founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of five countries. The bank’s customers allegedly include several tax fraud masterminds and a Russian syndicate described by the FBI as the world’s worst...
Chilean Cryptocurrency Exchange Denies Fraud Allegations, Tribunal Set Rule on Complaint
4.9.2020
Chilean cryptocurrency exchange, Badu.com has denied allegations that it fraudulently transferred client funds without authorization. The fraud allegations are being reported by Itau bank and both parties are set to appear before the country’s Tribunal for the Defense of Free Competition...
US Hopes to Confiscate $400M: DoJ Files Forfeiture Judgment Against Onecoin Launderer
3.9.2020
Prosecutors from the Southern District of New York (SDNY) court have submitted a “forfeiture money judgment” against the former attorney Mark Scott. The lawyer was charged with helping the Ponzi scheme Onecoin launder funds. The U.S. Department of Justice (DoJ) claims that Scott helped...
23-Year-Old Who Lied to Bank About Bitcoin Holdings Pleads Guilty to Fraud
8.7.2020
Randall Joseph Smail faces up to 30 years' imprisonment for lying to a bank about $640,000 in bitcoin
‘Overwhelming Evidence’ – Prosecutors File Motion to Dismiss Alleged Onecoin Lawyer’s Appeal
27.3.2020
While Onecoin’s crypto queen Ruja Ignatova remains at large, U.S. resident Mark Scott is trying to get his verdict acquitted after being accused of helping Onecoin leaders, including Ignatova, launder money and commit fraud. Also read: ‘What Bitcoin Did’ – Scanning...
New Regency Television Wins Screen Rights to Onecoin Story – The Missing Cryptoqueen
8.2.2020
The story of Onecoin and cofounder Ruja Ignatova might be seen on television sets in the near future. Reports detail that New Regency Television International participated in a bid for the rights to the BBC Sounds podcast “The Missing Cryptoqueen.” Also read: The Fallout From...
The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors
25.1.2020
In late 2019, the remnants of multi-level Ponzi scheme Onecoin crumbled. However, Onecoin’s founder, dubbed the ‘crypto queen,’ Ruja Ignatova, remains on the run and law enforcement haven’t caught up with her yet. Moreover, police are investigating two churches in...
Accused Onecoin Co-Conspirators Fight Criminal Charges in the US
10.12.2019
The Onecoin scam, a multi-level Ponzi scheme that acquired $4 billion from investors has been falling apart at the seams. Criminal proceedings have started against Onecoin leaders and one alleged associate who was found guilty of laundering $400 million has asked a New York judge for more time...