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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...
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
Justice Department extradites alleged BTC mining ponzi operator from Panama
30.11.2020
AirBit Club's leadership have been gathered in New York City and will face charges for stealing "membership dues" to finance massive marketing events and lavish personal lifestyles
DoJ makes fintech giant sell Credit Karma's tax wing to Square before $7.1B acquisition
25.11.2020
Intuit, which also owns TurboTax, can't hold all the keys to consumer tax software, the DoJ says
Economic justice doesn't need the blockchain, say advisors to ‘The Squad’
25.11.2020
Making digital cash work efficiently for public stimulus payments doesn't require a detour through blockchain technology, in the view of U.S. progressives
Silk Road Bitcoin Seizure: Analytics Firm Claims Tokens Worth Millions Still Outstanding
22.11.2020
Analytics firm Coinfirm says the US Department of Justice (DOJ)’s seizure of digital assets associated with the now-defunct Silk Road left behind tokens worth millions of dollars. According to Coinfirm, there are still valuable balances held on forked addresses originating from that wallet....
The Long Arm of Justice: How Far Can the DoJ Really Go in Prosecuting Foreign Actors?
21.11.2020
DoJ is now determined to hold the crypto industry to cross-border enforcement standards that have long applied to other sectors of finance
Chainalysis Launches Program to Store and Sell Seized Crypto Assets for Governments
13.11.2020
The blockchain intelligence and surveillance company Chainalysis revealed the launch of a new program that aims to help governments and insolvency practitioners sell seized cryptocurrencies. The news follows the recent U.S. government seizure of more than 69,000 BTC worth over $1 billion...
BitMEX crypto exchange steps up AML and trade surveillance measures
12.11.2020
New technology will help screen out bad actors, BitMEX says
A Look at ‘Individual X’ and the Seized Stash of Silk Road Bitcoins Worth $1 Billion
9.11.2020
On November 3, 2020, the cryptocurrency community noticed that one of the largest addresses holding 69,369 bitcoins from the Silk Road were transferred. Following the onchain movement, the U.S. government revealed it had seized the coins from a person they dubbed “Individual X.”...
New administration and the DoJ’s continued flex in crypto
6.11.2020
With the election taking all the air out of the room, we look at what new appointments at the DoJ could mean
Brazilian gov't gets help from US Justice Department to seize $24M in crypto
5.11.2020
The government of Brazil requested assistance from US authorities regarding a crypto fraud scheme called “Operation Egypto.”
US Seizes Previously Undetected Silk Road Bitcoins Worth Over $1 Billion
5.11.2020
The U.S. government has seized over $1 billion in bitcoin from previously undetected transactions associated with the Silk Road marketplace and is now seeking the forfeiture of the cryptocurrency. US Confiscates $1 Billion in Bitcoin From Silk Road The U.S. government has filed a lawsuit seeking...
Visa’s Planned $5.3B Purchase of Fintech Firm Plaid Challenged by US DOJ
5.11.2020
The Justice Department alleges Visa’s acquisition of Plaid would eliminate competition in the online debit market, leading to higher prices
Justice Department files antitrust lawsuit against Visa's acquisition of Plaid
5.11.2020
Monopolizing a market is legal in some instances, but not others
Justice Department seizes $1 billion in recently moved Silk Road crypto
5.11.2020
The move follows widespread crackdowns by the DoJ on crypto
$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...
Declaring a crackdown? What to make of the DoJ crypto framework release
1.11.2020
The U.S. Department of Justice has articulated its digital enforcement strategy, putting the crypto community on notice