2020-12-10 00:56 |
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. origin »
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The FBI apprehended the crypto-ponzi operator following an unsuccessful fleeing attempt The Federal Bureau… The post Crypto-Ponzi scheme leader arrested in attempted lake-escape appeared first on Coin Journal.
2020-11-19 17:40 | |
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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.
2020-11-11 21:10 | |
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The accused were also charged by the CFTC and the SEC for allegedly soliciting funds from over 1,000 people for the fake forex and bitcoin trading fund.
2020-8-31 20:17 | |
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A federal prosecutor is arguing against the release requests of two men accused of masterminding the $722 million BitClub Network Ponzi scheme
2020-3-26 12:06 | |
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A federal judge has granted a CFTC preliminary injunction against an alleged $11 million Bitcoin Ponzi scheme
2019-12-13 14:13 | |
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Bitcoin has not had the best of weeks so far but its 8% slide is just a blip compared to what the US Federal Reserve has been doing recently. The central bank has ramped up its bailout or ‘repo’ scheme by injecting more money into the financial system.
2019-10-25 12:00 | |
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The United States Federal Trade Commission (FTC) has agreed to settle the charges it filed in 2018 against a pyramid scheme that involved 4 individuals. As part of the settlement, the promoters of recruitment-based cryptocurrency schemes are permanently banned from operating or participating in any multi-level marketing program. Additionally, they are supposed to pay a […]
2019-8-25 18:05 | |
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According to a search warrant issued by the US Federal Bureau of Investigation, Long Island Iced Tea, the company that famously rebranded to Long Blockchain during the height of the 2017 crypto bull market, is suspected of being an elaborate pump and dump scheme.
2019-7-26 02:00 | |
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In a development in Texas, the federal court has fined two convicts a total of $360,000 USD in respect to solicitation of funds from the public over a fraudulent scheme. The amount raised from the public investors since January 2017 is yet to be revealed.
2019-7-12 00:50 | |
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Federal Revenue Service, the financial governing body of Brazil, announced that a criminal gang duped 55,000 investors by swindling over $200 million. All of these investors were duped by the gang by promising exponential returns, the FRS stated.
2019-5-24 13:30 | |
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By CCN: Berkshire Hathaway, the multinational corporation led by billionaire Warren Buffett, posted a $377 million first-quarter charge for investment losses related to a solar Ponzi scheme. Berkshire invested $340 million in Ponzi scheme Berkshire made the disturbing revelations in a regulatory filing during its annual shareholders meeting last weekend.
2019-5-9 18:16 | |
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Law enforcers from around the globe seem to finally be getting up to speed with tackling cryptocurrency crimes. But it seems the lure of Bitcoin is still too much for some, even for those that should be protecting citizens from cyber-criminals.
2019-4-23 15:14 | |
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On April 11, 2019, a federal jury convicted Bogdan Nicolescu and Radu Miclaus of Romania on 21 counts pertaining to a scheme to infect computers using malware technology. The malware was used to steal sensitive information relating to the victims’ credit card and other personal information.
2019-4-12 18:38 | |
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The OneCoin project was founded in Sofia, the capital of Bulgaria, in 2014 and since then has been operating a multilevel cryptocurrency-based Ponzi scheme that generated $3. 7 billion in sales revenue and more than $2.
2019-3-22 20:00 | |
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The founder of a scheme called Bitcointopia to sell land in the U. S. state of Nevada to bitcoiners has admitted in a federal court that some land was not his to sell. Previously arrested for selling BTC to an undercover agent through Localbitcoins, he also pleaded guilty to running an unlicensed money transmitting business.
2019-3-10 10:15 | |
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On March 6th, the US Federal Bureau of Investigation (FBI) arrested OneCoin ringleader Konstantin Ignatov at Los Angeles International Airport (LAX). The government alleges that he was one of several masterminds behind the multi-billion dollar crypto pyramid scheme.
2019-3-9 04:30 | |
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Activist group Blockchain Advocacy Coalition (BAC) has sponsored a bill in California’s 19th State Assembly District, set to allow legal cannabis businesses in the district to pay their state taxes using cryptocurrency.
2019-3-1 20:16 | |
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Even the U. S. Federal Reserve thinks Alexandria Ocasio-Cortez needs to cool it with all the money-printing schemes. CNBC reports: “An increasingly popular theory espoused by progressives that the government can continue to borrow to fund social programs such as Medicare for everyone, free college tuition and a conversion to renewable energy in the next decade is unworkable, Federal Reserve Chairman Jerome Powell said Tuesday.
2019-2-27 02:16 | |
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The US Federal Bureau of Investigations (FBI) is looking for victims who invested in the cryptocurrency BitConnect (BCC) to aid with the ongoing investigation of the alleged Ponzi scheme, the agency announced Feb.
2019-2-25 02:05 | |
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The U.S. Securities and Exchange Commission (SEC) announced on January 28 that Woodbridge Group of Companies LLC has to pay $1 billion in penalties and disgorgements. The decision was taken by a federal court in Florida after considering the company operated a Ponzi scheme aimed at retail investors. Court orders $1 billion judgment against operators […]
2019-1-29 17:53 | |
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John Bigatton, a promoter of $2.6 billion alleged Ponzi scheme Bitconnect, is now under a travel ban imposed by the Australia federal court
2019-1-8 18:51 | |
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Australian authorities have frozen the assets of BitConnect promoter John Bigatton, as international investigations into the world’s biggest cryptocurrency Ponzi scheme continue. As per request by the Australian Securities and Investments Commission (ASIC), the federal court also issued Bigatton with a travel ban, reports the Sydney Morning Herald.
2019-1-8 14:24 | |
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Silver Miller, a US-based cryptocurrency Investor law firm has filed a lawsuit against Jeremy Spence for allegedly organizing a Ponzi scheme disguised as an investment hedge fund claiming to be managing $5 million worth of investors assets, reports Finance Magnates on December 27, 2018.
2018-12-28 03:00 | |
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German blockchain startup Bitwala has launched crypto banking in Germany. After securing €4 million (roughly $4. 5 million) from VC firms Earlybird and Coparion in September of 2018 to develop a crypto banking solution, the company has allegedly amassed a waiting list of 30,000 potential users.
2018-12-13 22:32 | |
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The public face of OneCoin, Sebastian Greenwood, has been arrested and extradited to the United States. Greenwood was captured by the Crime Suppression Division (CSD) in Thailand as reported by the Bangkok Post.
2018-11-24 21:48 | |
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On November 16, 2018, the U. S. Securities and Exchange Commission (SEC) issued a public statement clarifying its intent to regulate activities involving the issuance and trading of digital assets.
2018-11-21 01:44 | |
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The U. S. Federal Election Commission (FEC) has given tacit permission for mining pools to donate to political campaigns. The FEC released a memo on their website on November 13, 2018, to provide background information to a formal meeting that would take place on November 15.
2018-11-20 00:41 | |
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The Let’s Talk Bitcoin Network hosts several podcasts for regular discussion topics in the world of blockchain and cryptocurrency, including the popular weekly show What Bitcoin Did.
2018-11-20 22:58 | |
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Thailand's Democrat Party has become the first political party to use blockchain technology to elect its leaders in a primary election, which was held from November 1–9, 2018.
2018-11-14 01:06 | |
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Deltec Bank & Trust has been the recipient of a lot of bad publicity in the last few weeks, between their alleged association with a recent money-laundering scheme involving Venezuela. In a statement issued to Tribune Business, Deltec maintained their lack of involvement, following a report that the US federal authorities intended to seize the […]
2018-11-10 05:48 | |
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A U. S. federal court has fined a New York firm and its chief executive officer over $2. 5 million in the first anti-fraud action involving bitcoin filed by the Commodity Futures Trading Commission.
2018-10-21 11:15 | |
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A U. S. Federal Court recently indicted Gelfman Blueprint Inc. (GBI) and its CEO Nicholas Gelfman to the tune of $2. 5 million for running a Bitcoin Ponzi scheme. The matter is the first ever anti-fraud proceedings concerning Bitcoin taken up by the Commodity Futures Trading Commission (CFTC).
2018-10-21 02:00 | |
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A Federal Court in New York has passed a serious verdict that’s about to make fraudsters in the crypto world lose sleep for now on. A CEO of a hedge fund, together with the hedge fund entity itself, is to pay upwards of $2.
2018-10-20 03:14 | |
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According to recent court documents, an Amended Consolidated Class Action Complaint has been filed at a U. S. District Court for the Southern District of Florida against BitConnect.
2018-10-19 22:58 | |
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Australia is currently in the process of exploring the potential for blockchain technology to create ’smart money’ to be used in its National Disability Insurance Scheme (NDIS), its federal government revealed in an October 9, 2018, press release.
2018-10-10 09:00 | |
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U. S. authorities, including the FBI, have come down against securities dealer 1Broker for allegedly coming into conflict with federal law. through a Bitcoin-based security swap scheme. Governmental authorities in the United States have levied allegations and charges against a Marshall Islands-registered securities dealer, 1Broker (1pool Ltd.
2018-9-28 19:00 | |
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The SEC and CFTC are suing bitcoin derivatives trader 1pool and CEO Patrick Brunner for violating federal law with a security swap scheme.
2018-9-28 00:36 | |
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In a landmark case for the cryptocurrency industry, a federal judge has ruled that a cryptocurrency caught in the midst of a lawsuit is a commodity, court documents reveal.
2018-9-28 23:15 | |
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Industry buzz surrounded Ethereum this week as community members await the next stage of the coin’s development. The protocol also served as the jumping-off point for a new fully regulated stablecoin.
2018-9-16 18:41 | |
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The Federal Bureau of Investigation (FBI) recently warned banks that cybercriminals are poised to carry out an “ATM cash-out,” an operation that gives thieves access to untold sums of money by bypassing security measures on an ATM.
2018-8-14 00:24 | |
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Binance founder Changpeng “CZ” Zhao, could be released on Friday, two days ahead of his scheduled release date of September 29th (Sunday), according to an interpretation of the law.
A bipartisan pair of U.S. senators is questioning Attorney General Merrick Garland about the "unprecedented interpretation" of law the Department of Justice (DOJ) is using to pursue cryptocurrency software services as unlicensed money-transmitting businesses.
Binance's founder and former chief executive, Changpeng "CZ" Zhao has apologised for his "poor decisions" and accepted "full responsibility" for his actions, in a letter to the judge overseeing his case.
According to the latest report, Binance Holdings Ltd. will pay one of the largest corporate penalties in United States history after a judge approved the company’s plea agreement. This comes months after the cryptocurrency exchange and its former CEO and founder Changpeng Zhao pleaded guilty to anti-money laundering infringements, bringing a close to a long-term […]
U.S. argues that Binance's former CEO should remain free until sentencing – but only in the U.S.
U.S. argues that Binance's former CEO should remain free until sentencing – but only in the U.S.
According to the U.S. Sentencing Guidelines, CZ could receive a 12-18 month sentence, but the Department of Justice is willing to fight for a longer term.