Category: Fraud
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Man Gets 6 Years for $25M Diamond and Crypto Ponzi Scheme
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.
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Ensuring trust in crypto is tough, but audits and transparency go a long way
Cryptocurrency platforms perform audits to ensure transparency, but it’s not a golden solution to solve all potential trust and security issues.
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Beyond BitMEX: CFTC sets a new record for lawsuits in crypto this year
Alongside other actions, the CFTC was pleased with its seven enforcement actions in the crypto market.
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Justice Department extradites alleged BTC mining Ponzi operator from Panama
AirBit Club’s leadership has been gathered in New York City and will face charges for stealing “membership dues” to finance massive marketing events and lavish personal lifestyles.
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Watch out, fraudsters are claiming they are from Blockchain.com
The U.K.’s Financial Conduct Authority advised caution against phony actors.
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SEC brought 56 cases against crypto-related firms during Jay Clayton’s tenure
The SEC summarized its efforts on combating crypto misconduct as its chairman is set to step down by the end of this year.
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Australian senator says blockchain can make financial compliance easier
“The future is technology by blockchain,” says an Australian Liberal senator.
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US Charges Stanford Crypto Group Director With Defrauding His Former Employer – the Fed
Lawrence Rufrano allegedly hid his work at Stanford and blockchain startup Factom from disability benefits regulators.
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Abramoff-linked crypto firm says SEC has no case against it
Participants of a $5.6 million token sale did not expect a return on investment, the NAC Foundation argued.
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Fool’s gold? Peter Schiff’s bank under investigation in tax evasion probe
Does an extortion attempt from Russian hackers explain Schiff’s hatred for Bitcoin?