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Nalezeno "Fraud": 2629

US judge dismisses crypto fraud case against BNT token issuer

24.2.2021
A U.S. federal judge ruled to dismiss a case against crypto firm Bancor, citing lack of personal jurisdiction and the plaintiff’s failure to prove losses

S Korean Province Vows ‘Intense’ Clampdown on Crypto-themed MLM Fraud

23.2.2021
The government of Gyeonggi Province, the most populous province in South Korea and a hub of IT companies, has announced it will make an “intense” crackdown on crypto-flavored multi-level marketing schemes (MLMs) and bogus initial coin offerings (ICOs). Per Asia Kyungjae, the province’s police...

Austrian Regulator Reports Rise in Crypto Fraud

19.2.2021
The FMA reports two-thirds of the investment fraud reports filed in 2020 were related to cryptocurrency and digital currency trading products

New Jersey Crime Watchdog Says Crypto ATMs Need More Regulation

19.2.2021
State regulation of crypto ATMs is poor and federal laws aren't much better, the commission said in a report

Austrian regulators call for stricter crypto regulations amid rising fraud

19.2.2021
Crypto scams appear to be dominating investment fraud cases in Austria

Automated Crypto Investing App Coinseed Faces Fraud Charges In NY, SEC Suits

17.2.2021
Coinseed allegedly bilked investors of $1 million through false statements, hidden fees and a flopped token

Ripple, SEC Say Settlement Unlikely Before Trial Over Alleged Securities Fraud

16.2.2021
The SEC's case over allegedly unlawful sales of XRP by Ripple to retail investors is entering the discovery phase

Serbian National Arrested and Extradited to the US for His Role in a $70M Crypto Mining Case

9.2.2021
A Serbian national has been extradited to the United States to face charges of defrauding investors out of more than $70 million through a cryptocurrency mining and binary options scam. Antonije Stojilkovic, 32, and six accomplices, who were all arrested between July and October 2020, faces up...

Crypto Hedge Funds Defraud $100 Million From Investors, Founder Faces 20 Years in Prison

7.2.2021
The founder of two cryptocurrency hedge funds has been charged in U.S. federal court for securities fraud. He has pleaded guilty and is facing up to 20 years in prison. His two funds cumulatively had over $100 million in investments. The U.S. Department of Justice (DOJ) announced Thursday that...

Serbian Man Extradited to US After Being Indicted In $70 Million Crypto Fraud

6.2.2021
The scheme allegedly included offering bitcoin at “half market price.”

Looming Legal Issues and Transparency Questions Fail to Dent Tether’s Momentum

6.2.2021
Tether has never been more popular. A quick look at Coinmarketcap data underscores this point, with 24-hour trading volume in USDT (US dollar-denominated Tether) exceeding both Bitcoin and Ethereum combined. Users of the Legacy Stablecoin Show No Sign of Relenting A slow-rolling lawsuit brought...

Crypto Hedge Fund Founder Pleads Guilty to $90M Fraud

5.2.2021
Virgil Capital founder Stefan Qin lied to investors and siphoned off millions to fund a lavish lifestyle

Australian pleads guilty to $90 million crypto fund scam in the U.S.

5.2.2021
The Australian man admitted to cheating investors out of $90 million taken from two crypto funds in the U.S

Founder of Crypto Scam Promoted by Actor Steven Seagal Charged — Key Member Arrested in US

3.2.2021
Three people have been charged in the U.S. over two cryptocurrency scams, one of which was promoted by famous Hollywood actor Steven Seagal. The main promoter of the schemes has already been arrested and is facing criminal charges. Seagal previously settled the charges against him relating to...

Malaysia Pair Face Caning for Alleged $37K Bitcoin Fraud

2.2.2021
If convicted, the two men face a maximum of 10 years in prison, caning and additional fines

SEC Charges Three of Stealing $11.4M Through Token Backed by Actor Steven Seagal

1.2.2021
The Bitcoiin2Gen trio allegedly bilked investors through false statements and celebrity crypto endorsements

US Court Sentences ICO Fraudster to 6 Months in Jail: Orders the Accused to Pay Over $4 Million in Restitution

29.1.2021
A U.S. court has sentenced Jerry Ji Guo, a resident of San Francisco, to an effective six months in prison for his role in a fraudulent initial coin offering (ICO). In addition to the prison term, the court ordered Guo to pay over $4 million in restitution. Further, Guo will also cooperate with...