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Charges of Fraudulent Pretense: US Court Unseals Onecoin Cofounder’s Indictment
13.4.2020
Manhattan prosecutors from the New York Southern District Court (NYSD) have unsealed indictment charges against Onecoin cofounder Sebastian Greenwood. The documents allege that Greenwood, alongside his accomplices Ruja Ignatova the ‘Crypto Queen’ and her brother Konstantin Ignatov...
Texas Regulator Spots Crypto Firm at Fraudulent COVID-19 Charity Claims
8.4.2020
The Texas State Securities Board issues an emergency action against an alleged crypto mining scam making fraudulent COVID-19 charity claims
US State Regulators Order ‘Fraudulent’ Crypto Mining Scheme to Shut Down
8.4.2020
The Texas State Securities Board and Alabama Securities Commission filed an emergency action against Ultra Mining, alleging it offered unregistered securities by promising to double investments in a cloud mining scheme
SEC Charges 2 With Fraudulent Water-Backed Token Sale
3.4.2020
The SEC charged a former Texas pastor and his wife for allegedly defrauding hundreds of investors through an alkaline water-backed cryptocurrency TeshuaCoin
Chinese Regulator Accuses Crypto Exchanges of Fraudulent Volumes
3.4.2020
The National Internet Finance Association of China accused foreign exchanges of wash trading, tampering with volume data, and staging outages to liquidate leverage traders
Beijing to Test Blockchain Platform for Fighting Fraudulent Invoices
10.3.2020
The Beijing Municipal Office of the State Administration of Taxation is launching a city pilot for a blockchain-based invoicing system, with immediate activation in selected industries
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...
SEC Charges $600,000 ICO Project Opporty for Fraudulent Security Offering
22.1.2020
The SEC is targeting a U.S. ICO project for fraudulent claims, despite the relatively small sums collected
SEC Charges Blockchain Marketplace Opporty Over ‘Fraudulent’ $600,000 ICO
22.1.2020
The firm is alleged to have conducted a fraudulent and unregistered sale of digital assets called OPP Tokens, raising around $600,000
US SEC Charges Convict and Associates for $30M Fraudulent ICO
17.1.2020
The U.S. SEC has charged Boaz Manor and his associates with raising over $30 million through a fraudulent ICO
Chinese Police Clamps Down Fraudulent Bitcoin Miners and Scammers
25.12.2019
In a major clampdown, the police forces hailing from Tangshan city, China have confiscated 6,890 bitcoin rigs operating in the region, stated the report furbished by the China Central Television, the state broadcaster on Monday. The report suggested that the strict action was a joint effort...
Shopin Founder Pleads Guilty to Orchestrating Fraudulent $42 Million ICO
12.12.2019
Shopin founder Eran Eyal pleads guilty to felony charges for running a fraudulent initial coin offering that raised more than $42 million
US SEC Charges Shopin Founder With Orchestrating Fraudulent $42 Million ICO
12.12.2019
Shopin Founder and CEO Eran Eyal allegedly spent $500,000 of investor funds on personal expenses
Fraudulent Group Involved in $722 Scam Got Arrested by the US Authorities
11.12.2019
On Tuesday, the Justice Department made an announcement regarding the arrest of three men involved in an alleged fraud that led to the embezzlement of a whopping amount of $722 million from the investors via fake bitcoin mining earnings. According to the latest reports, the prosecutors have...
CoinUp Officials Sentenced for Fraudulent Crypto Schemes
13.11.2019
CoinUp, the reputed cryptocurrency exchange from South Korea, is yet again taking the internet by storm, but this time for all the wrong reasons. According to a news report, several officials (60 to be more precise) from the CoinUp cryptocurrency exchange were arrested for a fraudulent...
Fraudulent Transactions in Crypto, Explained
22.10.2019
Fraudsters are getting increasingly creative. Here are the common scams facing crypto consumers, and the novel approaches being used to stop them #Sponsored
SEC Enters Settlement Talks With Alleged Fraudulent Firm Veritaseum
9.10.2019
The U.S. SEC has reportedly entered settlement talks with alleged fraudulent crypto firm Veritaseum
SEC in Settlement Talks With ‘Fraudulent’ ICO Organizer Reg Middleton
9.10.2019
Middleton organized the unregistered $14.8 million Veritaseum (VERI) initial coin offering, and is further accused of market manipulation post-ICO
SEC Imposes Multimillion Dollar Fine for Unregistered EOS Token Sale
1.10.2019
The United States securities regulator has announced hefty fines for two crypto companies. The penalties have been imposed for EOS’ unregistered token sale and a fraudulent public offering. The Securities and Exchange Commission (SEC) intends to use some of the collected money to indemnify...
Founder and CEO of Purported Online Adult Entertainment Marketplace, is Charged by SEC in Fraudulent ICO
24.9.2019
In one of the important development which is bound to harm the crypto world, The U.S. Securities and Exchange Commission (SEC) has charged Jonathan C. Lucas, Former Founder & CEO of Purported Online Adult Entertainment Marketplace for a fraudulent initial coin offering (ICO). Fraudulent ICO...