Category: Fraud

Serbian Man Extradited to US After Being Indicted In $70 Million Crypto Fraud

The scheme allegedly included offering bitcoin at “half market price.”

February 6, 2021
SEC Charges Three of Stealing $11.4M Through Token Backed by Actor Steven Seagal

The Bitcoiin2Gen trio allegedly bilked investors through false statements and celebrity crypto endorsements.

February 1, 2021
US Man Sentenced to Prison for Embezzling $20M of ICO Investors’ Funds

San Francisco-based Jerry Guo represented himself to clients as an ICO consultant, then embezzled funds now worth over $20 million.

January 27, 2021
Update: “Coin Signals” trader also faces charges from the CFTC

Arrested by the FBI earlier today, the 24-year-old Spence also faces civil charges of fraud that look to bar him from future trading.

January 26, 2021
How compliance software detects fraud and money laundering involving crypto

As the crypto markets mature and institutional money flows into the space, technology to detect fraud and money laundering involving digital assets is more important than ever.

January 18, 2021
Digital ruble could be still vulnerable to fraud, Russian banks warn

The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble.

January 13, 2021
SEC Obtains Emergency Asset Freeze Against Virgil Capital

Stefan Qin, the 23-year-old founder of Virgil Capital, has been accused by the SEC of “fabricated records” for failing to redeem $3.5 million in investments and attempting to withdraw $1.7 million in investor funds to pay off Chinese loan sharks.

December 28, 2020
US Regulator Sues Crypto Hedge Fund Founder — $25 Million in Digital Assets to Be Frozen

The U.S. Securities and Exchange Commission has filed a lawsuit against a cryptocurrency hedge fund founder for fraud. The regulator is seeking an emergency order freezing $25 million in digital assets held by a crypto hedge fund he controls. Crypto Hedge Fund Founder Sued in the US The U.S. Securities and Exchange Commission (SEC) has…

December 26, 2020
Opportunities for blockchain in police investigations

How distributed ledger technologies can help law enforcement agencies to fight crime and money laundering.

December 19, 2020
South African Regulator’s Probe Into Mirror Trading International Unearths Previously Undeclared Losses and Missing Bitcoins

South African financial regulator, the Financial Sector Conduct Authority (FSCA), has filed criminal charges with local law enforcement against Mirror Trading International (MTI), the alleged online bitcoin trading scam. The regulator says its decision to press charges follows an investigation into MTI that unearthed the company’s use of fake trade statements, undeclared losses, and possible…

December 18, 2020