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Man Jailed for Role in $25 Million Ponzi Scheme Involving a Failed Crypto
10.12.2020
A South Florida federal district judge has sentenced Jose Angel Aman to 84 months in prison for his role in perpetrating a $25 million diamond Ponzi scheme. In addition, the judge ordered Aman to pay over $23 million in restitution to victims who invested in his diamond cutting business and...
Nigerian Authorities Put Mastermind of the Inksnation Crypto Scam on Wanted List
16.11.2020
Nigeria’s Economic and Financial Crimes Commission (EFCC) is seeking the public’s help in locating Omotade Sparks Amos Sewanu, the mastermind behind the Inksnation crypto scam. According to a notice published in the local media on November 11, the EFCC wants Sewanu to respond to fraud...
$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...
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...
Bitcoin Escrow Chief Pleads Guilty to $3.25M Crypto Fraud
2.10.2020
The head of Volantis escrow faces up to 10 years in prison for defrauding customers
Onecoin Victims Join Petition Seeking Establishment of European Crypto Fraud Compensation Fund
1.10.2020
Onecoin victims have joined a consortium that wants the European Parliament to consider a petition seeking the establishment of a compensation fund. The envisioned EU-administered fund will function as an insurance kitty for current and future victims of all crypto fraud. The petitioners...
Indian man arrested on charges of crypto fraud via 'Morris Coin' scheme
30.9.2020
A 36-year-old man from Kerala was arrested under charges of cryptocurrency fraud
Self-Help Firm That Mostly Took Bitcoin as Payment Mostly Just Helped Itself, SEC Charges
2.9.2020
Ninety-two percent of Mindset 24 investors allegedly lost some of their funds. They'd paid in over a million dollars - mostly in bitcoin
Binance and Oasis Labs Launch Alliance to Combat Crypto Fraud and Hacks
27.8.2020
The aim is a comprehensive database of information gleaned from previous hacks and fraud used to proactively fight future ones. The platform supports Bitcoin, Ethereum, TRX and EOS blockchains
Texas Securities Regulator Accuses South African Trading Pool of Crypto Fraud
8.7.2020
Texas' securities watchdog ordered Mirror Trading International to cease operations, alleging the South African bitcoin and forex "investor club" is a multilevel marketing scam
Belgium Losing $3.2M to Crypto Fraud in 2019 Is ‘Tip of the Iceberg’
8.5.2020
Belgium’s economic inspectorate reported $3.2 million in losses due to cryptocurrency fraud in 2019
Onecoin Lawsuit Continues: Judge Lifts Stay Order, Investigators Search for ‘Crypto Queen’
4.5.2020
In mid-April, news.Bitcoin.com reported on the unsealed indictment tied to the Onecoin cofounder Sebastian Greenwood. At the same time, U.S. Judge Valerie Caproni had placed a stay order on the case against Greenwood, Konstantin Ignatov, Mark Scott and David Pike. Now Judge Caproni has lifted...
Charges of Fraudulent Pretense: US Court Unseals Onecoin Cofounder’s Indictment
13.4.2020
Manhattan prosecutors from the New York Southern District Court (NYSD) have unsealed indictment charges against Onecoin cofounder Sebastian Greenwood. The documents allege that Greenwood, alongside his accomplices Ruja Ignatova the ‘Crypto Queen’ and her brother Konstantin Ignatov...
Sweden Calls for Action Over Ukraine Crypto ‘Fraud Factory’
4.3.2020
Ukraine has been asked to act following a report of an alleged cryptocurrency fraud operation duping naive investors from the country's capital
SEC Charges Ohio Man for $33M Crypto Fraud Targeting Physicians
12.2.2020
The U.S. Securities and Exchange Commission has filed charges against a man for allegedly swindling 150 investors in an elaborate crypto trading scam
Crypto Fraud Now Exposing Legacy Banks to Compliance Issues, Reports CipherTrace
11.2.2020
Banks who ignore crypto could be setting themselves up for trouble in more ways than one
Brazilian Police Bust Alleged Crypto Fraud That Cost Investors $360M
9.12.2019
Brazilian police have shut down a purported bitcoin investment scheme they allege stole 1.5 billion Brazilian reals
Blacklists Aren’t Enough To Stop Crypto Fraud
15.11.2019
Algorithmically generated blacklists don’t sufficiently stop fraudulent crypto behavior, say the experts
Michael Terpin Urges FCC to Curb Crypto Fraud That Cost Him $24 Million
22.10.2019
Terpin plans to distribute his letter to a major mobile industry conference
Former Hockey Winger Gets nabbed for Crypto Fraud
18.9.2019
Moscow court ordered on September 16th that Igor Musatov is to be detained for one month in accusations of $800,000 fraud in cryptocurrencies. The CEO of a firm was unable to amend relations with Musatov, who now has taken the matter to legal authorities and lead to his nabbing. TASS,...