EminiFX CEO Eddy Alexandre Set to Plead Guilty to Role in Alleged $59M Ponzi Scheme

Alexandre is now expected to plead guilty for his role in an alleged fraud that federal prosecutors say duped investors out of $59 million.

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Ohio Man Who Stole 713 Bitcoins from US Authorities is Set to Plead Guilty of Theft

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Former CPA Pleads Guilty to Helping BitClub Architect Launder Funds in $722M Ponzi Scheme

A former accountant is the latest associate of the notorious BitClub Ponzi scheme to plead guilty.

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BitMEX Founders Plead Guilty To Violating Bank Secrecy Law

The US Department of Justice said on Thursday that BitMEX founders had entered a guilty plea to charges of violating the Bank Secrecy Act by failing to set in place an anti-money laundering system. Benjamin Delo and Arthur Hayes, two of the co-founders, have agreed to each pay a $10 million fine as part of […]

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BitMEX founders plead guilty to Bank Secrecy Act violations

Arthur Hayes and Benjamin Delo will each have to pay a fine for their part in flouting the Bank Secrecy Act and operating what the DOJ called a “money laundering platform.”

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BitMEX Founders Arthur Hayes, Ben Delo Plead Guilty to Violating US Law

The Thursday announcement stems from a late-2020 enforcement action.

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US Resident Operated Illegal Bitcoin Exchange Business – Faces 25 Years in Jail

An Ontario man based in San Bernardino County of the U.S. has agreed to plead guilty to federal charges of illegally operating a bitcoin to cash exchange business. According to the U.S. Department of Justice (DOJ), the man, Hugo Sergio Mejia, 49, operated the unregistered exchange business between May 2018 and September 2020. Accordingly, Mejia […]

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California resident to plead guilty to operating unlicensed Bitcoin exchange service

According to the United States Department of Justice (DoJ), a man from Ontario, California, has agreed to plead guilty to federal charges of illegally operating a crypto exchange.  On 29 January, The post California resident to plead guilty to operating unlicensed Bitcoin exchange service appeared first on AMBCrypto.

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US Takes Down $25 Million Bitcoin ATM Operation, Seizes 17 Machines

The U. S. government has taken down a $25 million bitcoin ATM operation and seized 17 machines along with some cryptocurrencies. The Department of Justice says the man behind this unlicensed bitcoin ATM operation has agreed to plead guilty and is facing up to 30 years in prison.

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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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Crypto Company Chief Intends to Plead Guilty to Scamming Investors of $25 Mln via ICO

Co-creator of crypto company Centra Tech Inc. intends to admit guilt to attracting investors to the ICO, including celebrities, and duping them of more than $25 mln

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Prosecutors Expect Guilty Plea From Alleged $7m Crypto Fraudster

The operator of an allegedly fraudulent crypto escrow scheme accused of misappropriating $7 million from two clients is expected to plead guilty in September.

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Lobbyist, Filmmaker, Cryptocurrency Scammer: Who Is Jack Abramoff?

Former Washington lobbyist Jack Abramoff has agreed to plead guilty in a case involving a cryptocurrency scam. How did this former filmmaker turned lobbyist end up involved in a cryptocurrency scam? And who exactly is Jack Abramoff? Former Lobbyist and Hollywood Filmmaker Involved in Cryptocurrency Scam Lobbyist Jack Abramoff has been hit with dual charges […]

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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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Lobbyist Behind BTC Knockoff AML BitCoin to Plead Guilty

U.S. government agencies have charged two men involved in AML BitCoin, an attempted Bitcoin knockoff, with financial crimes. Alleged Financial Crimes The Department of Justice (DOJ) has charged Rowland Marcus...

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15 defendants plead guilty to fraud and money laundering techniques that used Bitcoin

Two Romanian individuals pled guilty to the charges, says US Department of Justice The... The post 15 defendants plead guilty to fraud and money laundering techniques that used Bitcoin appeared first on Coin Journal.

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Gemcoin Founder Agrees to Plead Guilty to Fraud, Tax Evasion for $147M Scheme

Steve Chen agreed to plead guilty to tax evasion and conspiracy to commit wire fraud in connection with the $147 million Gemcoin scheme.

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Silk Road adviser pleads guilty to narcotics conspiracy charges

In a recent development in the Silk Road saga, Roger Thomas Clark, its alleged operator plead guilty. Clark who was initially charged back in 2015, plead guilty on the charges of "conspiring to distriThe post Silk Road adviser pleads guilty to narcotics conspiracy charges appeared first on AMBCrypto.

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Ex-NFL Team Owner Intends to Plead Guilty to Running Unlicensed Money Transmitter

Crypto Capital co-founder Reginald Fowler pleaded guilty to operating an unlicensed money transmission business Friday. Additional charges were dropped.

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Fowler May Change ‘Not Guilty’ Plea in Crypto Capital Laundering Case

Crypto Capital principal Reginald Fowler is expected to plead guilty to at least one charge stemming from allegations he ran an unlicensed money services business.

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25-Year-Old to Plead Guilty to Running Unlicensed Crypto Exchange

A man from Los Angeles agrees to plead guilty to charge for running an unlicensed crypto exchange without an effective AML program.

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California Man Admits Masterminding $25 Million Bitcoin Launder Fest

By CCN Markets: One of the reasons governments have been against the adoption of bitcoin is because of its potential to be misused for illegal activities such as money laundering, and the latest report from Los Angeles, California, will give the detractors more fodder.

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Dark Market Drug Dealers Plead Guilty, Forfeit Crypto Proceeds

A couple based out of California has pleaded guilty to distributing drugs via a dark-web marketplace in exchange for cryptocurrencies

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Fraudulent Operation Selling Fake Identities for Bitcoin Sees Third Person Plead Guilty

A third defendant has recently decided to plead guilty in a case that is happening in Toledo, Ohio. The defendant is being accused of being a part of a scam that created fake ID rings and could have netted around $4.

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Texan Dark Web Drug Dealers who Sold Steroids to Professional Athletes Plead Guilty

Two Texan men have pled guilty at the Manhattan Supreme Court to selling illegal steroids and other drugs on the dark web, reportedly netting $2. 8 million during their five-year-long operation.   Drug Dealers Plead Guilty Callaway Crain and Mark Sanchez, both 35, ran an illegal operation from 2013 to 2018 during which the duo sold steroidsRead MoreRead More.

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Man Pleads Guilty in New York for Selling Drugs, Laundering $2.8 Million in Bitcoin via Western Union

New York has seen the first conviction for cryptocurrency money laundering in a case that involves $2. 8 million dollars. On April 24, the Manhattan District Attorney’s Office announced that the defendants Callaway Crain and Mark Sanchez laundered the aforementioned amount of money using virtual currencies.

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US: Two Men Plead Guilty to Selling Drugs for Crypto and Laundering $2.8 Million

Two men accused of illicitly selling steroids and controlled substances and laundering millions of dollars have pleaded guilty in New York

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Men plead guilty in first NY conviction for money laundering involving Bitcoin

Two US men have pleaded guilty to running a steroid and controlled substance business that laundered millions of dollars in cryptocurrency and Western Union payments. Representing the first conviction for money laundering involving cryptocurrency by New York State prosecutors, the defendants sold their products, which they made, marketed, and shipped, on a website they controlled called ‘NextDayGear,’ as well as on the dark web.

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22-year-old gets 2 years in jail for illegally selling hundreds of thousands in Bitcoin

A 22-year-old man in the US has been sentenced to two years in prison for selling hundreds of thousands of dollars in Bitcoin through an unlicensed money transmitting business. Jacob Burrell Campos, who had been in custody without bail since he was arrested in August last year, was also forced to forfeit $823,357 in illicit profits.

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Cryptocurrency scammer pleads guilty in $4M fraud case

AriseBank CEO Jared Rice, who faced 120 years in prison for defrauding investors of $4 million in a cryptocurrency scam, has pleaded guilty. The cryptopreneur plead guilty yesterday morning after standing in front of judges in Texas, local outlet Dallas News reports.

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Head of Crypto-Related Scam Faces up to 20 Years in Jail Over Investor Fraud

A 42-year-old Blake Kantor, connected with ATM Coin, plead guilty before a New York federal judge.

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ICO Issuer Faces up to Five Years in Jail Over Defrauding Investors

39-year-old Maksim Zaslavskiy, the owner of REcoin and DRC World, plead guilty before a New York federal judge.

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Cryptocurrency fraudster faces 5 years in prison for selling fake ICOs

A Brooklyn-based businessman turned cryptocurrency huckster faces up to five years in prison for orchestrating two monstrously phony initial coin offerings (ICOs) last year. Maksim Zaslavskiy, a former institutional developer and “businessman,” plead guilty to two counts of conspiracy to commit securities fraud before a New York district court yesterday, reports FinanceFeeds.

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Thai Siblings Accused of $24 Million Crypto Scam Plead “Not Guilty”

On November 12, 2018, The infamous Thai siblings accused of duping a Finnish man for bitcoin worth $24 million have pleaded not guilty in court over money laundering charges. The siblings were first arrested in August this year for engineering a cryptocurrency scam.

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Jaravijit Siblings to Plead “Not Guilty” in Bitcoin Money-Laundering Case Involving $24 Million Theft

“Not Guilty” Plea in Money-Laundering Case Involving a $24 Million Bitcoin Theft According to the Bangkok Post, the three Jaravijit siblings that are accused of money laundering chargers – Prinya, Supitcha, and Jiratpisit – have decided to plead “not guilty.

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BitFunder And WeExchange Fraudster Pled Guilty For Securities Deception

Founder of BitFunder Pleads Guilty for Securities Fraud and Deception In a previous reporting by Bitcoin Exchange Guide, the founder of BitFunder and operator of WeExchange Australia, Jon E. Montroll, also dubbed as “Ukyo” suggested a plea agreement, which awaited the approval of U.

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Crypto Stock Exchange Operator Pleads Guilty to Fraud

Jon Montroll, who ran the now-defunct bitcoin investment platform BitFunder, has plead guilty to securities fraud and obstruction of justice charges.

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Trail of Bitcoin Transactions Push Dark Web Drug Vendor to Plead Guilty

Gal Vallerius, a 36-year-old French national pleaded guilty this week in the US of selling narcotics on the Dark Web under the nickname of OxyMonster. In a criminal complaint filed last year, investigators say that Vallerius configured a “tip jar” on the Dream Market Dark Web marketplace. The tip jar was meant to allow users

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Authorities Track Bitcoin Transactions of Dark Web Drug Dealer, Arrested

A 36-year-old French national plead guilty this week in U. S. courts for selling narcotics for Bitcoin on the dark web. Guy Vallerius, who operated under the monkier ‘OxyMonster,’ was arrested by authorities at the Atalanta airport last September as he was making his way to Austin, Texas to take part in the World Beard and.

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