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Former Microsoft Engineer to Serve 9 Years in Prison in a Case That Involves Use of Bitcoin Mixers
10.11.2020
A U.S. court in Seattle has sentenced a former Microsoft engineer to 9 years in prison after finding him guilty of 18 federal felonies relating to his elaborate scheme to defraud the tech giant $10 million. In passing the judgment, the court blasts Volodymyr Kvashuk, a software engineer and citizen...
Ex-Microsoft Engineer Convicted In Landmark Case Involving Bitcoin Tax Fraud
10.11.2020
In what is presented as the first US criminal case involving bitcoin (BTC) that has a tax component, a software engineer was sentenced to nine years of prison for 18 federal felonies related to his scheme to defraud software giant Microsoft, his former employer, of more than USD 10m.
The convict...
Microsoft employee sentenced to 9 years in first U.S. Bitcoin case involving tax fraud
10.11.2020
A Ukrainian national has been sentenced to nine years in prison in what the IRS is describing as the United States’ “first Bitcoin case [with] a tax component.”
Quadriga CX Trustee Raises $30 Million for Reimbursements to Creditors, Claimants Want $171 Million Instead
7.11.2020
The trustee of the now-defunct crypto exchange, Quadriga CX says the sell-off of the platform’s assets raised $30 million. This contrasts with the $171 million in claims that has been filed with the trustee by Quadriga creditors. Consequently, Ernst and Young (EY), the accounting firm...
$200 Million Brazilian Crypto Fraud Scam: The US Seizes $24 Million Worth of Digital Currencies
5.11.2020
The United States Department of Justice (DOJ) says it has seized cryptocurrencies worth $24 million after receiving an official request from the government of Brazil. The seizure stems from an ongoing investigation into the $200 million cryptocurrency scam that may have defrauded tens of thousands...
US Seizes $24M in Crypto as Part of Brazilian Probe of $200M Fraud Scheme
4.11.2020
The seizure was made after a request from Brazil for help with a large cryptocurrency fraud scheme
US Prosecutors Seek ‘Substantial’ Prison Sentence for Centra Tech Co-Founder in $25M Fraud Token Sale
4.11.2020
According to court documents, U.S. federal prosecutors are asking that one of Centra Tech’s co-founders, Robert Farkas, be sentenced to prison instead of his request for home confinement and community service
Australian senator says blockchain can make financial compliance easier
4.11.2020
“The future is technology by blockchain,” says an Australian Liberal senator
John McAfee Pumps Crypto From Prison, Denies Tax Fraud and Murder Charges
31.10.2020
John McAfee has shared many details about his life in Spanish prison and chances of extradition to the U.S. He additionally claims to have regained control of his ghost cryptocurrency project. Prison Life ‘Is an Adventure’ Former U.S. presidential candidate and antivirus software tycoon...
US Charges Stanford Crypto Group Director With Defrauding His Former Employer – the Fed
29.10.2020
Lawrence Rufrano allegedly hid his work at Stanford and blockchain startup Factom from disability benefits regulators
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....
Spanish Police Arrest Head of Billion-Dollar Crypto Arbitrage Platform on Fraud Allegations
22.10.2020
Arbistar 2.0 operator Santiago Fuentes was arrested Wednesday and faces criminal fraud and money laundering charges in Spain
Goldman Sachs to Settle Massive Corruption Case for $2.8 Billion With US Government
22.10.2020
Goldman Sachs has reportedly agreed to settle with the U.S. government over its role in a corrupt Malaysian government investment fund, which is one of the firm’s worst scandals since the financial crisis. In addition, Goldman Sachs previously agreed to pay the Malaysian government billions...
Abramoff-linked crypto firm says SEC has no case against it
21.10.2020
Participants of a $5.6 million token sale did not expect a return on investment, the NAC Foundation argued
European Commission Opposes Crypto Fraud Compensation Fund: Victims Say Commission Cozying up to the Industry
21.10.2020
The European Commission (EC) is opposing the creation of the crypto crime victim superfund to be financed with $0.0001 per dollar on all cryptocurrency transactions occurring within the EU. The Commission says that it does not have the competence to set up and administer such a fund. It also argues...
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...
Latvian regulators warn public about cryptocurrency fraud
19.10.2020
Crypto remains under-regulated, so Latvian investors need to be extra vigilant, says the FCMC
Fool's gold? Peter Schiff's bank under investigation in tax evasion probe
18.10.2020
Does an extortion attempt from Russian hackers explain Schiff's hatred for Bitcoin?
Belgian investors lost $12M to crypto and forex scams last year
12.10.2020
Losses due to crypto scams are on the rise in Belgium
Kate Winslet to Star in Cryptocurrency Movie About Onecoin Ponzi Scheme
11.10.2020
A movie is being made about Onecoin’s cryptocurrency Ponzi scheme starring Oscar winner Kate Winslet. This Hollywood MGM movie is based on a true story told by a victim of the cryptocurrency fraud scheme. Onecoin Movie Starring Kate Winslet Oscar-winner Kate Winslet will be starring in...