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Crypto Exchange Owner Sentenced to 10 Years in Prison for Multimillion-Dollar Scheme to Defraud Americans
15.1.2021
The U.S. has sentenced a cryptocurrency exchange owner to 10 years in prison. He “knowingly and intentionally engaged in business practices designed to both assist fraudsters in laundering the proceeds of their fraud and to shield himself from criminal liability,” the Department...
BitMex turns to Chainalysis to solve legal woes, or at least soften the CFTC's blow
13.1.2021
If you can't beat 'em, join 'em? BitMex onboards more aggressive Chainalysis measures in advance of a response to the CFTC
Mastermind of $147 Million Crypto ‘Scam of Epic Proportions’ Sentenced to 10 Years in US Prison
13.1.2021
The mastermind of what the U.S. Department of Justice calls a scam of “epic proportions” has been sentenced to 10 years in prison. His crypto scheme collected over $147 million, duping 72,000 investors. He is also ordered to pay the U.S. Internal Revenue Service more than $1.8 million...
Visa and Plaid Abandon Acquisition Plans Over DOJ Antitrust Concerns
12.1.2021
The Department of Justice announced Tuesday that the $5.3 billion deal was off
Visa abandons $5.3B Plaid acquisition in the face of DoJ antitrust suit
12.1.2021
The Justice Department's November suit has reversed the planned merger
Seven times that US regulators stepped into crypto in 2020
12.1.2021
From capping off the era of ICOs to tightening regulations on private wallets, U.S. financial watchdogs waded deeper into the crypto land than ever in 2020
Bitcoin Is Digital Social Justice, feat. Tyrone Ross
1.1.2021
The podcaster and CEO of Onramp Invest discusses DeFi, income inequality and the opportunity for bitcoin in 2021
Students Are Filling in the Plot Lines of the Green New Deal
1.1.2021
The Green New Deal tells an important story about what society could be instead of what it currently is. It’s about transitioning to a system that allows everyone a fair shot at succeeding and fixing past wrongs from pollution to colonial land grabs.Read more
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)...
Tax justice for crypto users: The immediate and compelling need for an amnesty program
20.12.2020
A crypto tax amnesty program could be the fairest way for achieving tax compliance and collection on crypto transactions
FBI to reform virtual currency practices following DoJ recommendations
19.12.2020
The DoJ thinks the FBI needs to shape up when it comes to its cryptocurrency support teams
Mastermind of $25 Million Crypto Debit Card Scheme Sentenced to Prison
18.12.2020
The mastermind behind a $25 million cryptocurrency debit card scheme has been sentenced to one year and one day in prison, in addition to three years of supervised release. The authorities have also seized his cryptocurrency. $25 Million Crypto Credit Card Scheme The U.S. Department of Justice...
DJ Khaled and Floyd Mayweather promoted his 2017 ICO; now, he faces a year behind bars
15.12.2020
Robert Farkas will face the lightest felony sentence possible for his role in Centra Tech's 2017 ICO
With Bill Barr leaving the DoJ, what will the next Attorney General do about crypto?
15.12.2020
Attorney General William Barr tendered his resignation to President Trump last night, opening up the conversation as to how a Biden-appointed successor will handle crypto
Crypto Founder Faces 10 Years in Prison Over Millions of Dollars in Exit Scam Without Paying Taxes
13.12.2020
A cryptocurrency founder has been arrested and is facing up to 10 years imprisonment for tax evasion after running an exit scam. He allegedly made millions of dollars from his cryptocurrency and used an elaborate scheme to avoid paying taxes. Crypto Founder Exit Scams, Caught for Tax Evasion...
Architect of DoJ's crypto framework will no longer be leading their policy-making
11.12.2020
Major figure in Justice Department's cyber work is out from the policy office, but no word on where she's heading next
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...
Man Gets 6 Years for $25M Diamond and Crypto Ponzi Scheme
9.12.2020
Jose Angel Aman, charged with operating the fraudulent investment scheme, was sentenced to serve six years in federal prison and pay over $23 million in victim restitution by a federal court in Florida
Mastermind of Bitcoin Mining Ponzi Scheme Extradited to the US: $20 Million in Victims’ Funds Laundered
1.12.2020
The US government says it has extradited Gutemberg Dos Santos, the co-founder of the Airbit Club Ponzi scheme from Panama and he now awaits his trial in a Manhattan court. Dos Santos is facing charges relating to his role in perpetuating a “cryptocurrency” scam which defrauded victims...
US Justice Department Extradites Alleged Co-Founder of Crypto Ponzi Scheme From Panama
30.11.2020
The accused, Gutemberg Dos Santos, has been charged in an indictment and was extradited from Panama on Nov. 25