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Two Firms Charged by US SEC for Crypto Pump and Dump Scheme
3.10.2022
The U.S. Securities and Exchange Commission (SEC) has charged two now-defunct cryptocurrency firms and their executives for allegedly running a pump-and-dump scam worth $36.8 million from 2017 until 2019 via a token called 'Dignity' (DIG). ...
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US Court Sentences Another Centra Tech Co-Founder to 8 Years in Jail
8.3.2021
Sohrab Sharma, a co-founder with the now-defunct Florida cryptocurrency firm, Centra Tech, has been sentenced to eight years in prison after he pleaded guilty to charges of duping investors via a fraudulent initial coin offering (ICO). Additionally, the court has ordered Sharma to forfeit...
Report: 33% of US Based ICO Investors Say Founders Intentionally Deceived Them or Withheld Key Information
2.12.2020
A survey conducted by Xangle Research finds that a third (33%) of respondents say founders of an initial coin offering (ICO) in which they invested either intentionally deceived them or withheld key information. A further 17% of the responding ICO investors say they did not know if they had been...
Three Individuals Behind Alleged PlexCoin ICO Scam Charged with Fraud
28.7.2020
A new indictment came down in the case involving three Canadians behind the alleged PlexCoin ICO scam which raised $8M in 2017
Third Crypto Co-Founder Behind $25 Million ICO Scam to Plead Guilty
14.7.2020
Sohrab Sharma would be the 2nd co-founder behind the Centra Tech ICO scam to face prison following the conviction of Robert Farkas in June
Centra Tech Co-Founder Pleads Guilty to Fraud After $25M Token Sale
16.6.2020
A co-founder of the celebrity-backed Centra Tech crypto scam has pleaded guilty to his role in the $25 million fraudulent ICO
Bitcoin News Roundup for May 29, 2020
29.5.2020
With bitcoin and many traditional markets down on the day, CoinDesk's Markets Daily is back!
US Court Freezes Assets Linked to Alleged $9M ICO Scam
28.5.2020
A federal court has frozen assets raised from investors in the Meta 1 Coin token sale
Kevin Hart’s Role in ICO Scam May Go Unpunished
25.4.2020
The plaintiffs claim that Hart’s endorsement pumped the price of an illiquid and unregistered security ahead of a non-existent ICO
ICOs Are Dead But ICO Scammers Are Immortal
16.10.2019
The initial coin offering may have all but died, but the ICO scammer marches on regardless. Whereas legitimate projects have to wrangle with all kinds of challenges including the strength of the market, generating value for investors, creating a real product and actually delivering on the promises...
Smokescreens and Mirrors: How Does a Country Do an ICO? They Call It QE
22.8.2019
Financial regulators all around the world have been cracking down hard on ICOs for promising more than they can deliver. At the same time governments and central banks are pulling off far worse scams, such as QE, wiping out the savings of everyone that depends on them. To hide this fact they...