Coinbit Execs Charged with Market Manipulation; ‘Wash Traded’ $84 Million in Crypto

South Korean authorities are pushing for Coinbit executives' prosecution for wash trading and market malpractices on their exchange. Local reports from Seoul’s financial website, Newspim, confirm that Seoul Metropolitan Police Agency has handed over Coinbit’s chairman Choi Mo and two other unnamed executives at the exchange to the prosecution office for market manipulation charges, forgery, […] The post Coinbit Execs Charged with Market Manipulation; ‘Wash Traded’ Million in Crypto first appeared on BitcoinExchangeGuide.

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Mastermind of Bitcoin Mining Ponzi Scheme Extradited to the US: $20 Million in Victims’ Funds Laundered

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 of “tens of millions of dollars.

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BTC-e Exchange Operator’s Trail for Bitcoin Fraud Begins in Paris

The four-day trial of Alexander Vinnik, 41, alleged to have used ransomware in a $157 million (135 million euros) bitcoin fraud that involved 200 victims, began in Paris on Monday. The Russian man who is wanted both in the US and Russia faces up to ten years in prison over charges of extortion, money laundering, […] The post BTC-e Exchange Operator’s Trail for Bitcoin Fraud Begins in Paris first appeared on BitcoinExchangeGuide.

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Bitcoin mixer operator slapped with a penalty of $60 Million

Larry Dean, who is also facing money laundering charges, has been penalised with a... The post Bitcoin mixer operator slapped with a penalty of $60 Million appeared first on Coin Journal.

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SEC Bitcoin Blunder: Regulator Accuses John McAfee Of “Scalping”

One of the crypto industry’s earliest supporters and the man who predicted Bitcoin would reach $1 million by the end of this year, was just arrested in Spain for tax evasion. That man is John McAfee, who was hit with a number of charges from the US government.

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US SEC charges and arrests John McAfee after $23 million in illegal Bitcoin, ICO gains

The US Securities and Exchange Commission (SEC) filed a suit against cybersecurity entrepreneur John McAfee for his alleged role in manipulating cryptocurrency prices using his social media influence.

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U.S SEC charges John McAfee over shilling ICOs

The United States watchdog, Securities Exchange Commissions charged cybersecurity software developer John McAfee for allegedly making over $23 million in the process of shilling seven initial coin offThe post U.

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$242 Million in Bitcoin Flee BitMEX Following Criminal Charges

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Uniswap Activity Sends Ethereum Gas Fees Sky High

The issue of high Ethereum gas prices isn’t going away anytime soon. Just last month, total daily fees on the Ethereum network managed to reach an all-time high of $8. 6 million. Following a brief respite from high charges, the latest data from coinmetrics.

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SEC Charges eSports Platform, Unikrn, A $6.1M Penalty For An Unregistered ICO; Hester Peirce Dissents

On September 15, the U. S. Securities Exchange Commission (SEC) charged Seattle-based eSports gaming firm, Unikrn, for conducting an unregulated ICO between June and October 2017. The statement from SEC claims Unikrn made an ICO raise of $31 million from selling its native UnikoinGold (UKG) token, promising to add more features to the gaming platform and […] The post SEC Charges eSports Platform, Unikrn, A .

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Crypto Esports Startup Unikrn to Pay $6.1M in SEC Settlement Over 2017 ICO

Unikrn has agreed to settle the charges, without admitting or denying them, by paying a $6.1 million penalty to be distributed among investors.

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Founder of the multi-million dollar Ponzi scheme Bitclub pleads guilty

The founder of the Bitclub Network admitted charges against him of selling unregistered securities and filing a false tax return. The damage from Bitclub's actions is estimated at $722 million.

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US Man Pleads Guilty in $722 Million Bitclub Network Ponzi Scheme Case

A Bitclub Network Ponzi scheme promoter has admitted to charges of selling unregistered securities and to subscribing to a false tax return in connection with his role in the $722 million fraud scam.

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Self-Help Firm That Mostly Took Bitcoin as Payment Mostly Just Helped Itself, SEC Charges

Ninety-two percent of Mindset 24 investors allegedly lost some of their funds. They'd paid in over a million dollars, mostly in bitcoin.

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U.S SEC charges Ponzi scheme companies that promised fake crypto trading

The U. S Securities and Exchange Commission (SEC) charged two Maryland based companies over a Ponzi scheme that allegedly defrauded approximately 1,200 investors, of more than $27 million by promising The post U.

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A $1 million BTC bribe leads to conspiracy charges for Russian man

The strange case of Egor Kriuchkov — who was he working for?

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Australian Conman Peter Foster Arrested For Bitcoin Fraud

A noted master scammer and serial con artist Peter Foster has been arrested for multiple money laundering charges, including the theft of $1. 73 million worth of bitcoins. Foster stole the said amount of bitcoins from a Hong Kong businessman named Konstantinos Stylianopoulos.

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US Regulator Charges Tech Firm, CEO in $5 Million ICO Fraud Case

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 Coins.

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‘Superman29’ May Do Time: California Resident Pleads Guilty to Laundering Millions Using Illegal Bitcoin ATMs

Kais Mohammad, aka “Superman29,” has agreed to plead guilty to federal charges he ran an unlicensed Bitcoin ATM network that laundered up to $25 million.

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Accomplice in Alleged $722M Bitcoin Ponzi Scheme Pleads Guilty to Charges

One of four men charged with defrauding investors of over $722 million through a long-running cryptomining scheme has pleaded guilty to charges against him.

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Lobbyist Jack Abramoff Charged for Running $5.6M Bitcoin Scam

Jack Abramoff has agreed to plead guilty to charges of running a $5. 6 million Bitcoin scam. The disgraced lobbyist duped investors into purchasing tokens that he promised would be convertible into a new and improved version of Bitcoin.

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Alleged Shopin ICO Fraudster Pays $450K Fine in Ether

Eran Eyal, who raised $42 million in an allegedly fraudulent initial coin offering, settled charges with the SEC and paid a $450,000 fine in ether.

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Co-Founder Of $722 Million Bitcoin Scam Scheme Arrested On Sex Charges In Indonesia

Russ Albert Medlin, the founder of the infamous Bitcoin Club Network has been arrested by the Jakarta police force. According to a Jakarta media outlet, Medlin who had previously been indicted by the United States department of justice over a $722 million Cryptocurrency scam was apprehended in South Jakarta on Monday, for engaging in sexual […]

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CFTC Charges Multiple Firms for $15 Million Crypto and Binary Options Scam

U.S. and Israel-based firms were charged for promoting fake investment schemes and defrauding customers of $15 million.

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$15 Million Bounty on Maduro: US Charges Venezuelan President With Narco-Terrorism and Drug Trafficking

The U. S. has charged 14 high-ranking officials of the Venezuelan government, including President Nicolas Maduro, with “narco-terrorism, corruption, drug trafficking and other criminal charges.

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US Charges Dutch National With Running Crypto-Funded Child Porn Site

U.S. officials allege a Dutch national referred to as “Michael R.M.” made $1.6 million in bitcoin by operating a rape and child pornography website for the last eight years.

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US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stolen Cryptocurrency

The U. S. government has charged two Chinese nationals involved in laundering stolen cryptocurrency worth $100 million from an exchange allegedly for the benefit of North Korea. They are linked to the U.

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US Courts Charge $147M Gemcoin Crypto Scammer On Tax Evasion And Wire Fraud

Gemcoin founder Steve Chen appeared in court and pleaded guilty to charges of conspiracy to commit wire fraud charges and tax evasion. He and other perpetrators duped some 70,000 unsuspecting individuals out of a cool $147 million to invest in USFIA.

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SEC Settles Enigma’s 2017 $45M ENG Token Sale, Pay $500k Fine and Refund Investors

The ICO project Enigma has settled with the US Securities and Exchange Commission (SEC) over charges of violating the securities law. Enigma MPC is a blockchain startup that raised $45 million in a token sale from 2017.

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Enigma Settles with SEC, Agrees to Refund ENG Investors

Enigma, a startup developing private smart contracts, settled charges with the Securities Exchange Commission for selling its ENG tokens as unregistered securities. Enigma Faces SEC Enforcement Enigma raised $45 million...The post Enigma Settles with SEC, Agrees to Refund ENG Investors appeared first on Crypto Briefing.

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ICO Project Enigma Settles SEC Charges Over $45M Token Sale

The SEC settled charges with Engima MPC alleging it raised $45 million in an unregistered securities sale with its 2017 ICO. Engima will refund investors and pay a penalty.

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OneCoin Associate Tries to Dodge $400M Laundering Charges 

OneCoin associate Mark Scott was charged with two counts of money laundering totaling $400 million. Now, one of the enablers of Crypto’s biggest scam wants the charges against him dropped. OneCoin Aide Claims ‘Insufficient’ Evidence Mark Scott was found guilty by a jury last November of two counts of money laundering (wire fraud and bank fraud) for OneCoin and its elusive founder Ruja Ignatova totaling $400 million.

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US SEC Charges Convict and Associates for $30M Fraudulent ICO

The U.S. SEC has charged Boaz Manor and his associates with raising over $30 million through a fraudulent ICO

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SEC Charges ICO Operator Who Used Alias After Past Conviction

The SEC has charged Blockchain Terminal founder Boaz Manor with securities fraud for a $30 million ICO conducted in 2017 and 2018.

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US SEC Traces $3.5M Back To Alleged Fraudster Behind Fake Crypto Mine

Operator of an allegedly fake crypto mine faces criminal charges from the SEC for fraudulent securities offerings worth $3.5 million

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SEC Charges Man Behind Alleged Crypto Mining Scam

The SEC claims Donald Blakstad bilked investors of $3.5 million. One scheme involved a non-existent crypto mining operation.

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French Businessman Detained for Stealing €1.2 Million in Crypto From His Partners

An investigation launched on the request of a French startup has led to the indictment of a 37-year-old entrepreneur accused of stealing 182 BTC from the company he cofounded. Embezzlement of money is one the charges brought against him by the public prosecutor’s office in Paris.

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Another ICO Fraudster Bites the Bullet

Eran Eyal, Shopin CEO, pleaded guilty today to charges of conducting an unregistered securities offering in an ICO that raised over $42 million. The SEC announced charges against Eyal in a Wednesday press release.

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Shopin Founder Pleads Guilty to Orchestrating Fraudulent $42 Million ICO

Shopin founder Eran Eyal pleads guilty to felony charges for running a fraudulent initial coin offering that raised more than $42 million

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US SEC Charges Shopin Founder With Orchestrating Fraudulent $42 Million ICO

Shopin Founder and CEO Eran Eyal allegedly spent $500,000 of investor funds on personal expenses

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SEC Charges Shopin CEO With Fraud Over Unregistered $42M ICO

The U. S. Securities and Exchange Commission (SEC) has charged Shopin and its founder Eran Eyal with fraud after a $42 million initial coin offering. The SEC announced Wednesday that Eyal had been charged with defrauding investors by selling unregistered securities in the form of Shopin Tokens.

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Accused Onecoin Co-Conspirators Fight Criminal Charges in the US

The Onecoin scam, a multi-level Ponzi scheme that acquired $4 billion from investors has been falling apart at the seams. Criminal proceedings have started against Onecoin leaders and one alleged associate who was found guilty of laundering $400 million has asked a New York judge for more time to process an acquittal motion.

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Phoenix Fund Investments Linked to The OneCoin Money Laundering Scheme, Stole $110 Million

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.

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Crypto Trader and Professional Poker Player Dennis Blieden Found Guilty of Embezzling $22 Million

Dennis Blieden stands to face 22 years behind bars after embezzling $22 million while serving as the vice president of finance and accounting at StyleHaul, a digital marketing firm. The professional poker player pleaded guilty to the charges, and his sentencing awaits him on March 20, 2020.

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Jury Convicts Crypto Ponzi Scheme OneCoin’s Lawyer on Fraud Charges

A Manhattan court convicted Mark Scott, OneCoin's lawyer, for fraud after he laundered $400 million for the crypto Ponzi scheme.

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3 Crypto Companies Fail to Meet SEC-Set Refund Deadlines For $40 Million Collectively Raised at an ICO

Following charges by the Security Exchange Commission, three Crypto startup companies Airfox, Paragon Coin Inc. , and Gladius Network LLC, which collectively raised $40 million from investors during the Initial Coin Offering in 2017 have breached the agreement by not meeting the repayment deadlines.

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Fraudulent Coinup Cryptocurrency Exchange Officials Jailed in South Korea

Several executives from the South Korean cryptocurrency exchange CoinUp, including its president, were arrested on charges of fraud that amount to nearly $400 million. Local media outlets report that nine of the company’s executives were arrested on Nov 11 after an extensive investigation that began in 2018.

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Silk Road Merchant Admits Guilt in Money Laundering Charges Worth $19 Million With Bitcoin

Hugh Brian Haney, a former narcotics dealer, has pled guilty to charges of laundering over $19 million USD of his profits that were raised illegally using Silk Road, a prominent dark web market. Now, according to the prosecutors of the Southern District of New York, a plea deal was struck and Haney will go to […]

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Silk Road Seller Pleads Guilty to Money Laundering $19 Million With Bitcoin

Brian Haney, a former narcotics trafficker, pled guilty to charges that he laundered $19 million in bitcoin on Silk Road.

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