2023-4-12 20:24 |
Former investment banker and registered broker Rashawn Russell was arrested in Brooklyn for allegedly scamming investors using cryptocurrency investment fraud schemes. origin »
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An investment banker who formerly worked for a firm believed to be Deutsche Bank has been charged with crypto fraud, according to U. S. authorities on April 11. A statement from the U. S. District Court for the Eastern District of New York said that Rashawn Russell was arrested on April 10.
2023-4-12 23:55 | |
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In a significant crackdown on cryptocurrency fraud, the Department of Justice (DOJ) has seized an estimated $112 million connected to various investment scams
2023-4-4 23:04 | |
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Cryptocurrency investment fraud in the United States was up almost 3x year-over-year in 2022 — making investment fraud the “costliest scheme reported,” according to the FBI’s 2022 internet crime report.
2023-3-17 17:45 | |
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Another day, another SEC enforcement action. The U.S. securities watchdog has just filed an emergency action against Miami-based investment adviser BKCoin in connection with an alleged $100 million fraud scheme.
2023-3-7 14:53 | |
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New York-based Signature Bank is facing a lawsuit filed by Statistica Capital, an investment firm that believes the former was involved in FTX’s collapse. Signature Bank has been accused of partaking in the FTX fraud that was discovered last year.…
2023-2-7 13:27 | |
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Sophos, a cybersecurity firm, has revealed that operators of high-yielding investment schemes known as 'pig butchering' have discovered a way to evade security measures.
2023-2-1 21:57 | |
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SEC has denied the Ark Investment and 21 Shares joint spot Bitcoin ETF application. The agency says proposal failed to meet requirements as per securities laws, citing fraud and manipulative practices once again.
2023-1-27 22:26 | |
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Europol and Eurojust, two EU agencies for law enforcement cooperation, joined authorities from Bulgaria, Cyprus, Germany and Serbia to investigate online investment fraud since June 2022.
2023-1-16 11:52 | |
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The U. S SEC charged six individuals and two companies related to the CoinDeal investment scheme. CoinDeal raised more than $45 million from unregistered securities sales, alleged the SEC.
2023-1-5 14:30 | |
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Similar to its December 2021 rejection of a WisdomTree spot Bitcoin investment vehicle, the SEC cited concerns about fraud and market manipulation.
2022-10-12 22:41 | |
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Chocodoge, an NFT gaming project created for Dogechain, is concerned with the surging rate of fraud and investment risks looting investors of their funds. Hence, according to a recent press release, Chocodoge is set to provide the industry with an innovative platform that guarantees security for investors.
2022-9-17 23:14 | |
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This week US prosecutors announced that six people have been indicted in four fraudulent NFT and crypto schemes involving more than $130 million in losses to investors. Included in the indictments were a Ponzi scheme, an ICO, investment fraud and an NFT scam.
2022-7-9 11:26 | |
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The United States Department of Justice has unsealed an indictment charging Luiz Capuci Jr. , the CEO of Mining Capital Coin (MCC), for orchestrating a $62 million global investment and fraud scheme.
2022-5-10 15:30 | |
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The US Department of Justice charged Mining Capital Coin’s senior executive officer with conspiracy to commit a $62 million crypto investment scam. According to the DOJ complaint, Luiz Capuci and unnamed co-conspirators deceived investors over the profit-generating potential of MCC mining packages and a native token called Capital Coin, which was backed by the “largest […]
2022-5-9 12:11 | |
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“Capuci operated a fraudulent investment scheme and did not use investors’ funds to mine new cryptocurrency, as promised, but instead diverted the funds to cryptocurrency wallets under his control,” the DOJ stated.
2022-5-10 07:09 | |
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On Friday, the U.S. DOJ indicted the CEO of Mining Capital Coin (MCC) for allegedly scheming a $62 million global investment fraud. The post U.S. DOJ Indicts Mining Capital Coin CEO in $62 Million Investment Fraud Scheme appeared first on BeInCrypto.
2022-5-7 23:24 | |
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Asa Saint Clair was convicted of wire fraud for devising an investment scheme that swindled hundreds of thousands of dollars from more than 60 victims.
2022-3-18 19:03 | |
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A blockchain firm has sued Coinbase CEO Brian Armstrong, alleging that he stole their technology while passing it off as an investment. Stolen Work Passed Off As Investment? According to a lawsuit alleging that Coinbase committed fraud, its CEO took the work of a blockchain firm for a competitor project under the premise of a potential investment.
2021-12-22 21:36 | |
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n. exchange is a cryptocurrency exchange specializing in fiat on- and off-ramp to make crypto investment user-friendly. Their current campaign to combat credit card fraud in cryptocurrency highlights a significant rise in fraudulent purchase attempts by cyber criminals using stolen card details, most of which was perpetrated from countries in the Western hemisphere.
2021-10-12 19:39 | |
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A Swedish man has been sentenced to 15 years in prison in the U. S. for an investment fraud scheme involving cryptocurrency, including bitcoin. He defrauded thousands of victims of more than $16 million.
2021-7-9 20:00 | |
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One of Britain’s biggest domestic lenders, NatWest Group, has capped the daily amount customers can send to cryptocurrency exchanges due to concerns over investment scams and fraud. This also affects leading cryptocurrency exchange Binance, which, as we reported, has already removed the ability to deposit and withdraw British Pounds (GBP) from the platform through Faster […] The post Britain’s NatWest Group is Latest to Cap Daily Transfers to Crypto Exchanges first appeared on BitcoinExchangeGuide.
2021-6-30 18:00 | |
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At the same time, the Chinese confirmed the Bitcoin stability
2021-6-29 12:20 | |
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According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. Africrypt Stops Operations Abruptly Africrypt abruptly ceased operations nearly two months ago, prompting the banking institution’s denial.
2021-6-20 03:17 | |
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According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. FNB also insists it did not enable the investment company’s transactions which helped Africrypt’s two directors disappear with billions of dollars in investor funds.
2021-6-19 20:30 | |
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The Austrian regulator reported a record amount of potential frauds in 2020. And cryptocurrencies are at its center, with two-thirds of investment fraud reports related to digital assets trading products.
2021-2-21 17:55 | |
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Austrian regulators say crypto scams are the most reported forms of investment fraud in the country ahead of the usual suspects like stock or gold schemes. Authorities in the country are trying to firm up virtual currency regulations to combat the menace of such criminal activities while regulated trading in digital assets continues to enjoyRead More
2021-2-20 22:00 | |
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The FMA reports two-thirds of the investment fraud reports filed in 2020 were related to cryptocurrency and digital currency trading products.
2021-2-22 20:36 | |
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Crypto scams appear to be dominating investment fraud cases in Austria.
2021-2-19 14:40 | |
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Two men have been accused of defrauding 3 women in a scam disguised as a bitcoin investment scheme. The pair allegedly swindled more than 150,000 Malaysian ringgits (almost $37,000) from their victims and now face a plethora of punishments under the country’s stiff penal code if convicted.
2021-2-4 14:15 | |
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The CEO of Arbistar the Spanish investment company, Santiago Fuentes, has been arrested and arraigned on charges of fraud, belonging to a criminal organization and money laundering. Fuentes, who has been in hiding since September, was arrested at one of his properties in the south of Tenerife.
2020-10-24 22:15 | |
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Imagine engaging in a trust dependent relationship with a well-known cryptocurrency investment company that has all the bells and whistles of a successful investment firm. They’ve got an impressive trading portfolio, and the promise of a substantial investment return through the use of a sophisticated cryptocurrency arbitration trading bot to ensure a higher payout.
2020-9-27 17:02 | |
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Former Bitsonar employee Yaroslav Shtadchenko has filed an FBI complaint accusing the crypto investment firm of operating like a pyramid scheme.
2020-9-7 20:00 | |
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A South African man has been charged with fraud in the Maryland District Court for allegedly scamming $28 million from over 1,000 investors. Dennis Jali, a former resident of Maryland, targeted church-going African immigrants, promising them guaranteed returns on his supposed bitcoin (BTC) and foreign currency investment pool.
2020-9-5 06:45 | |
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Crypto exchange Bithumb has reportedly been seized by police in Seoul on allegations that its chairman engaged in investment fraud.
2020-9-2 13:59 | |
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U. S. authorities have charged the organizers of the cryptocurrency-based investment scheme AirBit Club with fraud and money laundering. According to an announcement by the U. S. Department of Justice (DOJ), the defendants are being charged for, “their roles in an internationally coordinated fraud and money laundering ring involved in defrauding individuals through investments in AirBit Club.
2020-8-20 16:21 | |
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Michael Ackerman pleaded not guilty to one count of wire fraud for his involvement in the Q3 investment club that allegedly defrauded 150 investors.
2020-8-13 16:10 | |
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A cryptocurrency investment management company allegedly lured investors into a fraudulent fund, using the capital for personal gain, according to new complaint.
2020-4-29 00:26 | |
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Investigators take down fraudulent crypto and gold investment scheme
2020-2-1 19:11 | |
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According to a recent report by Behind MLM, the National Securities Market Commission announced that Mind Capital, a crypto investment firm, is committing securities fraud. The announcement warns: “The CNMV warns that: MIND.
2020-1-16 23:44 | |
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Brazilian police have shut down a purported bitcoin investment scheme they allege stole 1.5 billion Brazilian reals.
2019-12-10 16:33 | |
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OneCoin was recently charged with fraud and money laundering. The founder’s brother, Dr. Rija Ignatova, admitted guilt to the charges and also accused Phoenix Thoroughbreds of being funded using the money laundered through OneCoin.
2019-11-27 00:27 | |
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Cryptocurrency's association with financial asset classes and its recent adoption drive resulted in a wide variety of concerns for the governments related to taxes, fraud, and its fiat currency's stabThe post Cryptocurrency's position as investment 'not suitable for US merchants' appeared first on AMBCrypto.
2019-11-16 10:30 | |
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Senior executives at a South Korean crypto exchange have been indicted in connection with a $386 million investment fraud. The news marks yet another drastic action taken by authorities in the country against cryptocurrency exchanges.
2019-11-13 21:00 | |
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A New York base court this week ordered defendants to pay a fine amounting to $4. 25 million for being part of an investment fraud scheme. The fraud in question involved the use of the crypto ATM coin.
2019-11-5 20:45 | |
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Once beloved, now forsaken, BitConnect was the hottest thing in the market for a good year before the broader market realized this was a wolf in sheep’s clothing. People all over the world fell victim to the exuberance of the scheme, offering a whopping one percent daily compounded yield.
2019-11-5 20:00 | |
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A New York court has entered an order forcing defendants to pay $4.25 million in penalties for investment fraud involving the “worthless” cryptocurrency ATM Coin
2019-11-5 18:35 | |
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Circle Society, Corp. , and its owner, David Gilbert Saffron, have been charged with fraud relating to an Bitcoin and crypto asset investment scheme. The Nevada-based firm is suspected of operating an $11 million binary options scheme.
2019-10-18 23:00 | |
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Belgium’s Financial Services Authority (FSMA) has added new warnings to its list of firms thought to be involved with crypto-related fraud. The financial watchdog has now alerted the nation’s investing public to a total of 121 different scam cryptocurrency-focused investment prospects since it started listing them in early 2018.
2019-8-22 01:00 | |
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We present Orionix, a comission-free games and items exchange platform along with ORX token that covers operational costs by minting its own native currency. The project aims to facilitate communication, exchange and security between players.
2019-8-16 16:03 | |
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He ran the biggest crypto empire, stepped down, served time, and now he’s all about AI and biotech. But as CZ looks ahead, regulators in France are looking back. From Binance to YZi Labs Changpeng Zhao, more commonly known as…
The Canadian government has raised concerns about the growing use of cryptocurrencies in the illicit opioid trade, particularly in the trafficking and production of fentanyl and other synthetic drugs.
A crypto businessman known as “The Godfather” and a Los Angeles County Sheriff’s Department deputy have agreed to plead guilty to federal charges. The charges include conspiracy to violate civil rights, wire fraud, and tax crimes, according to the U.S.…
An Oklahoma man admitted to orchestrating a cryptocurrency investment fraud scheme that duped nearly 2,800 investors out of $9.4 million. Travis Ford, 35, of Glenpool, pleaded guilty yesterday to one count of conspiracy to commit wire fraud in connection with…
A phishing scam targeting crypto users that used fake Zoom meeting links as a method of malware distribution and stealing the target's cryptocurrency assets has been uncovered by blockchain security firm SlowMist.
The U.S. Department of Justice is set to reimburse victims of a wire fraud scheme, aided by the tripling value of Bitcoin since the cryptocurrency was seized. The scheme, which targeted real estate transactions, resulted in millions of dollars in…
The U.S. Securities and Exchange Commission has charged three Nigerian nationals with defrauding investors of $2.9 million in Bitcoin. According to the SEC, the individuals used fake websites, social media, and voice-altering software to impersonate legitimate financial professionals, targeting at…