Search

Nalezeno "Jail Time": 35

Ex-BitMEX CEO Hayes Asks for No Jail Time, Ability to Travel Freely: Report

5.5.2022
Lawyers for Arthur Hayes argued he was unlikely to be a repeat offender and included a letter of support from his mother

Ex-BitMEX Chief Arthur Hayes Wants Court to Excuse Him Jail Time

5.5.2022
The co-founder and ex-CEO of the BitMEX crypto exchange Arthur Hayes has asked a court not to give him jail time for failing to create an anti-money-laundering network on the platform – and has claimed that he will not repeat his crimes. Hayes has also sought permission to live abroad and travel...

US Govt Wants To Imprison Nintendo Hacker Bowser For 5 Years

4.2.2022
The U.S. government suggested to a federal judge on Thursday that Nintendo hacker and modder Gary Bowser receive five years in prison after he pled guilty to two charges involving the selling and creation of mod chips that could allow people to play pirated games on their Nintendo Switch. Read more

Illegal Crypto Miners Threatened With Jail Time in Russia

17.12.2021
Cryptocurrency miners that are illegally connecting their equipment to the power grid should go to prison, says a Russian lawmaker who recently announced that his nationalist party is working on draft legislation to regulate the crypto activity. The industry cannot rely on support from the state...

South African Expert Says Tax-Dodging Crypto Traders Face Heightened Jail Threat

13.8.2021
A South African tax expert, Thomas Lobban, has warned non-tax paying crypto traders that they now face possible jail time if the South African Revenue Services (SARS) decides to lay tax offense charges against them. He adds that this threat of jail time similarly applies to South African crypto...

Report: South Africa Bars Transfer of Locally Acquired Cryptocurrencies to Overseas Exchanges, Offenders Face Jail Time

29.6.2021
Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases crypto assets in South Africa and uses them...

US Man Selling Bitcoin Without License Faces 5 Years in Prison

26.6.2021
A New Orleans resident has been charged for selling bitcoin without registering with the Financial Crimes Enforcement Network (FinCEN). If convicted, the seller may receive a maximum of five years in prison, a maximum $250,000 fine, up to three years of supervised release, and a $100 mandatory...

Nigerian Central Bank Threatens Jail Time for Citizens Caught Defacing Naira Banknotes

16.6.2021
Fighting to stop the value of the naira from dropping further, the Central Bank of Nigeria (CBN) faces yet another problem: abuse of naira banknotes. According to the CBN’s Aladeen Badajo, the central bank is concerned with the rate at which Nigerians “mutilate, deface, squeeze and even...

South African Taxpayers Who Fail to Disclose Income From Cryptocurrency Trading Face Possible Jail Time

4.2.2021
According to a report, the South African Revenue Service (SARS) has sent out audit requests to taxpayers asking them to disclose their cryptocurrency trades and purchases. Taxpayers that fail to correctly disclose their income from bitcoin or other cryptocurrencies may be “liable to a fine...

Localbitcoins Trader Facing up to 40 Years in Prison Over Bitcoin Fraud Schemes

24.12.2020
A trader on Localbitcoins and Paxful has pleaded guilty to charges in connection with a couple of bitcoin scams. The U.S. Department of Justice alleges that the trader knowingly sold bitcoin to victims of fraudulent schemes. Bitcoin Trader Facing Jail Time The U.S. Department of Justice (DOJ)...

Redditors Hunt Lost Bitcoin Stash, Face Jail Time over Loans

10.6.2020
Crypto folks are having a mixed start to the month, with one man seemingly frustrated in his quest for over USD 5 million worth of missing bitcoin (BTC) – and another looking to stave off the bailiffs as creditors come in search of crypto loan repayments. A Reddit user who claims he is on the hunt...