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Russian Crypto Mining Fraudster Jailed for Four Years
2.2.2023
A Russian man has been sent to prison for four years for crypto mining-related fraud.
Per the media outlet 56 Orb, the man is a 47-year-old resident of Orenburg, a southwestern city near Russia’s border with Kazakhstan.
A court in the city heard that the man duped a local entrepreneur into...
Another Member of Russian Crypto Pyramid Finiko Arrested in UAE
11.12.2022
Law enforcement authorities in the United Arab Emirates have detained a top Finiko representative, sought for his role in the crypto Ponzi scheme which defrauded thousands of investors around the world. This is the second arrest in the Gulf state of a high-ranking member of the pyramid announced...
Binance Counters ‘Wrong Narratives’ About FTX — CZ Calls SBF ‘One of the Greatest Fraudsters in History’
7.12.2022
The CEO of crypto exchange Binance, Changpeng Zhao (CZ), has countered several “wrong narratives” about the collapsed crypto exchange FTX and its co-founder Sam Bankman-Fried (SBF). The Binance boss calls SBF “a master manipulator” and “one of the greatest fraudsters...
Albanian Court Approves Extradition of Crypto Exchange Thodex Founder to Turkey
19.11.2022
A court in Albania has ordered the extradition of the fugitive founder of cryptocurrency exchange Thodex to Turkey, where he is sought for fraud and other crimes. Faruk Ozer was arrested in Albania this summer, after disappearing last year as the coin trading platform collapsed. Albanian Judiciary...
South Korean Stablecoin Fraudster Aged-60+ Jailed for Six Years
14.11.2022
Crypto fraud continues to escalate in South Korea – where a scammer aged over 60 has been given a six-year jail term for duping victims into investing in a sham stablecoin.
Segye Ilbo reported that an unnamed individual in their sixties – named for legal reasons as A – was imprisoned on charges...
Crypto Fraudster Who Swindled Victims out of Bitcoin and ETH Gets 5-Year Jail Term
30.9.2022
A South Korean crypto fraudster who duped victims out of some $1.7 million worth of bitcoin (BTC), ethereum (ETH), and fiat has been handed a five-year jail sentence.
Chosun reported that the man (33), identified only by his surname Han, was sentenced by the Criminal Division of the Seoul Central...
Fugitive Founder of Turkish Crypto Exchange Thodex Arrested in Albania
30.8.2022
Albanian authorities have detained the founder and chief executive of the Turkish cryptocurrency exchange Thodex, who allegedly fled Turkey with customer funds as the trading platform collapsed. Faruk Fatih Ozer was wanted for fraud with a red notice issued by Interpol. Albania Captures Alleged...
Latvian Extradited to US for Wire Fraud Involving Crypto Investments
28.8.2022
A Latvian national has been handed over to the United States where he is accused of fraud through several companies offering false crypto investment opportunities. Ivars Auzins will appear in a federal court in Brooklyn to face multiple charges of wire and securities fraud. Latvian Authorities...
Do Kwon Says He’s No Fraudster and Has ‘Great Confidence’ in Terra 2.0
23.6.2022
Do Kwon, the co-founder of Terraform Labs has spoken out about the Terra 2.0 network, which was launched in the wake of last month’s devastating luna classic (LUNAC) and terraUSD (UST) crash.
Speaking to the Wall Street Journal, Kown said he had “great confidence” in his team’s “ability...
Nigerian Court Sentences Crypto Fraudster to One Year in Jail, Accused Given Option to Pay Fine
11.6.2022
A Nigerian court has convicted and sentenced a man to one year in prison who is accused of duping an unsuspecting cryptocurrency investor. On its charge sheet, the prosecution said that the man had contravened Nigeria’s anti-fraud laws and hence should be punished accordingly. Fake...
Pokémon Card Fraudster Sentenced To Three Years In Prison
8.3.2022
Last year a Georgia man was charged by federal prosecutors after allegedly lying to apply for a Covid disaster loan, then turning around and spending it on a single Pokémon card. He has now admitted his guilt and been sentenced to prison.Read more
Exec at Composable Finance allegedly doxed as convicted fraudster Omar Zaki
18.2.2022
Omar Zaki was convicted of fraud by the SEC three years prior and is allegedly behind two other crypto projects which suffered devastating hacks
US SEC Charges Man With Defrauding Crypto Investors in Two Digital Asset Securities Offerings
5.12.2021
The U.S. Securities and Exchange Commission (SEC) has charged a citizen of Latvia with defrauding investors in two crypto offerings. The fraudster “used fake names, fictitious entities, and fraudulent profiles to perpetrate his schemes, and misappropriated nearly all of the investor funds...
Alleged South African Bitcoin Fraudster Makes First Court Appearance Since Arrest
26.10.2021
Sandile Shezi, the South African bitcoin trader accused of defrauding investors, recently made his first court appearance before a Johannesburg magistrate. Shezi out on Bail The bitcoin trader’s court appearance came just days after he honored his pledge to surrender himself to the police....
Ethereum Fraudster Sentenced to 2.5 Years Behind Bars
6.9.2021
://www.ksilbo.co.kr/news/articleView.html?idxno=912076">and the Kyoungsang Ilbo, a court in the South Eastern port city of Ulsan heard that the fraudster, named by the media as “A” for legal reasons, collected payments of ETH 15 (worth around USD 59,000 today) and over USD 10,000 worth of fiat f
US Sentences Crypto Fraudster to 15 Years in Prison After Duping Thousands of Investors
9.7.2021
A Swedish man has been sentenced to 15 years in prison in the U.S. for an investment fraud scheme involving cryptocurrency, including bitcoin. He defrauded thousands of victims of more than $16 million. The U.S. Department of Justice (DOJ) announced Thursday that a “cryptocurrency...
Chinese Investors File Lawsuit Against US-Based Alleged Crypto Fraudster Who Promised $200,000 Profits per Day
15.5.2021
A group of Chinese investors has filed a lawsuit against an alleged crypto fraudster based in New York, United States, who ran a Wechat group where he handled the scheme. The scammer reportedly promoted the bogus investment opportunity by promising earnings of “$200,000 in one day.”...
ICO fraudster pleads guilty to $7m Covid-relief loan scam
21.4.2021
An ICO fraudster spent more than $7 million in fraudulently obtained covid relief on luxury personal expenses, including a Rolex, a luxury apartment, and a new Mercedes
BTC 1,700 In Limbo As Fraudster Won’t Give The Password To Prosecutors
8.2.2021
German public prosecutor's office has seized almost BTC 1,800 (USD 70m) from a man sentenced to prison for fraud, but they claim they cannot access the majority of the cryptocurrency since the man has refused to provide them with a password. The crypto was seized in 2013, and since then, its value...
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...