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Nalezeno "Fraud": 1894

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

Ensuring trust in crypto is tough, but audits and transparency go a long way

9.12.2020
Cryptocurrency platforms perform audits to ensure transparency, but it’s not a golden solution to solve all potential trust and security issues

South Korean Authorities Formally File Fraud Charges Against Coinbit’s Executives

8.12.2020
In South Korea, authorities have formally pressed fraud charges against the chairman of a major crypto exchange in the country, Coinbit, plus two unnamed executives of the firm. They are suspected of price manipulation. Coinbit’s Executives Formally Charged by South Korean Authorities...

Beyond BitMEX: CFTC set a new record for lawsuits in crypto this year

1.12.2020
Alongside other actions, the CFTC was pleased with its seven enforcement actions in the crypto market

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...

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

Watch out, fraudsters are claiming they are from Blockchain.com

20.11.2020
The U.K.'s Financial Conduct Authority advised caution against phony actors

SEC seeks judgement after 'no show’ in $9M Meta 1 Coin fraud case

20.11.2020
The SEC is seeking a default judgment against three companies and four individuals for their roles in an allegedly fraudulent ICO that duped $9 million from 500 investors

SEC brought 56 cases against crypto-related firms during Jay Clayton's tenure

17.11.2020
The SEC summarized its efforts on combating crypto misconduct as its chairman is set to step down by the end of this year

Nigerian Authorities Put Mastermind of the Inksnation Crypto Scam on Wanted List

16.11.2020
Nigeria’s Economic and Financial Crimes Commission (EFCC) is seeking the public’s help in locating Omotade Sparks Amos Sewanu, the mastermind behind the Inksnation crypto scam. According to a notice published in the local media on November 11, the EFCC wants Sewanu to respond to fraud...

Blockchain-Backed Election Art Sells for $66K, Animation Changes After Electoral College Decision

11.11.2020
While Americans wait for the official outcome of the electoral college, a blockchain-backed non-fungible token (NFT) called “Crossroad” will change to one of two animations featuring the 45th U.S. President Donald Trump. The animated election-based “Crossroad” NFT recently...

Former Microsoft Engineer to Serve 9 Years in Prison in a Case That Involves Use of Bitcoin Mixers

10.11.2020
A U.S. court in Seattle has sentenced a former Microsoft engineer to 9 years in prison after finding him guilty of 18 federal felonies relating to his elaborate scheme to defraud the tech giant $10 million. In passing the judgment, the court blasts Volodymyr Kvashuk, a software engineer and citizen...

Ex-Microsoft Engineer Convicted In Landmark Case Involving Bitcoin Tax Fraud

10.11.2020
In what is presented as the first US criminal case involving bitcoin (BTC) that has a tax component, a software engineer was sentenced to nine years of prison for 18 federal felonies related to his scheme to defraud software giant Microsoft, his former employer, of more than USD 10m. The convict...

Microsoft employee sentenced to 9 years in first U.S. Bitcoin case involving tax fraud

10.11.2020
A Ukrainian national has been sentenced to nine years in prison in what the IRS is describing as the United States’ “first Bitcoin case [with] a tax component.”

Quadriga CX Trustee Raises $30 Million for Reimbursements to Creditors, Claimants Want $171 Million Instead

7.11.2020
The trustee of the now-defunct crypto exchange, Quadriga CX says the sell-off of the platform’s assets raised $30 million. This contrasts with the $171 million in claims that has been filed with the trustee by Quadriga creditors. Consequently, Ernst and Young (EY), the accounting firm...

$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...