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Major South Korean Crypto Exchange Raided by Police in Alleged $25.2M Fraud Case
3.9.2020
South Korean police raided the country’s largest cryptocurrency exchange, Bithumb on September 2 as part of an investigation of fraud allegedly committed by the organization’s main shareholder. With the recorded number of visitors to the platform touching 4.11 million between May...
US Regulator Charges Tech Firm, CEO in $5 Million ICO Fraud Case
16.8.2020
The United States Securities and Exchange Commission (SEC) jointly charged Virginia-based Boontech and CEO, Rajesh Pavithran for fraud and registration violations. The charges stem from an initial coin offering (ICO) that raised $5 million from 1,500 investors around the world in exchange for Boon...
‘Casino Jack’ Abramoff Charged in AML Bitcoin Cryptocurrency Fraud Case, Could Return to Prison
27.6.2020
Jack Abramoff, the lobbyist behind one of the biggest Washington lobbying scandals as portrayed in the feature film Casino Jack, has been charged in connection with AML bitcoin cryptocurrency. He faces returning to jail after previously serving three and a half years in prison. Jack Abramoff...
Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of Customers
23.2.2020
Wells Fargo, one of the largest U.S. financial services companies, has agreed to pay $3 billion to resolve the U.S. government’s investigations into fraudulent sales practices spanning over 15 years. The Wells Fargo fraud case involved the company forging customer signatures, moving money...
Blockvest Saved from Default Judgement in Fraud Case
23.1.2020
A California federal court has reversed a default judgement against two firms accused of running a cryptocurrency scam
CabbageTech CEO Sentenced to 33 Months in Prison After Pleading Guilty in Fraud Case
16.1.2020
Patrick McDonnell was sentenced to 33 months in federal prison and ordered to pay victims $225,000 after pleading guilty to charges he defrauded investors in his crypto trading platform, CabbageTech
US SEC Settles in Long-Running Fraud Case Against Longfin CEO
6.1.2020
SEC secures $400,000 in fraud case against Longfin CEO
New York Judge Grants US Government Right to Intervene in $7M Bitcoin Fraud Case
20.11.2019
The U.S. government now has the right to interfere in a multimillion Bitcoin scam case initially brought before the court by the CFTC
‘Cryptocurrency Wizard’ Assaulted and Imprisoned in 500M Fraud Case
5.9.2019
A man about 48-year-old arrested for his part in a 500m baht exchange fraud in Bangkok this Wednesday evening. The man named Mana Jumuang was found playing football at the time of arrest in a field by Rama IX Road in the district of Huai Khwang. The news came out from the commander of crime...
Judge Rejects Multimillion Dollar Asset Plea in Vanbex Crypto Fraud Case
20.8.2019
A Supreme Court judge in Canada has upheld the seizure of assets in a crypto fraud case
Craig Wright Ordered To Be Present In Person On June 18 By A Court In Florida For Alleged Fraud Case
11.6.2019
Craig Wright will have to attend the court proceedings in Miami, Florida, on June 18. In an order passed by US District Judge Beth Bloom on Monday, 10th June, the court rejected a motion filed by Wright, seeking permission to continue mediation or allow his attendance via video conferencing. In...
Police Arrest Dutch Cryptocurrency CEO in Rumored $110 Million Fraud Case
21.5.2019
An alleged bitcoin mining fraud scheme involving $110 million sees an arrest in the Netherlands
AriseBank ICO Fraud Case May Ensnare Additional Parties
1.3.2018
A court filing indicates that the SEC-appointed receiver for AriseBank is searching for undisclosed assets and investigating third-party involvement