TL;DR Breakdown Two men have been charged by the US Department of Justice with fraud and money laundering in connection with Frosties NFT rug pull. Before vanishing with the money, the 20 years old, a...
Tag: Charges
US DOJ Arrests Two Men on Charges of $1.1 Million NFT Fraud
The United States Department of Justice (DOJ) on Thursday announced it has arrested and charged two men, Ethan Nguyen and Andre Llacuna, for alleged involvement in $1.1 million wire fraud and money la...
Manhattan District Attorney Charges Former Party Organiser: Laundering in Bitcoin worth $2.3 Million
A former party organizer is charged with allegations related to laundering in Bitcoin and cash. This case signifies how new technologies like cryptocurrencies can emerge as key drivers of a broader ...
Quick Rug Pull: US Justice Dep’t Charges Two 20-Year-Olds In alleged $1.1 Million NFT Scam
Buyers who invest in trendy new projects are harmed by a so-called NFT rug pull or other related scams. However, the crypto space’s pseudonymous nature does not mean that alleged crooks may always van...
DOJ Charges Frosties NFT Creators With Fraud
Key Takeaways The U.S. Department of Justice has charged the creators of the Frosties NFT series with fraud and money laundering. Ethan Nguyen and Andre Llacuna allegedly stole over $1 million by carr...
DOJ unveils charges amid investigation into Frosties NFT ‘rug pull’
advertisement The Department of Justice said Thursday that it has charged two individuals with conspiracy to commit wire fraud and conspiracy to commit money laundering related to a non-fungible token...
Do Kwon Charges the Bulls as Bitcoin Buys Near Half a Billion – Trustnodes
It’s official, Terra has confirmed a proposal to stabilize Luna’s dollar pegged UST with bitcoin. According to a detailed proposal, some $2.5 billion will be needed for a pool of wrapped bitcoin in a ...
Dow Jones Gains As Apple Pops; Tesla Stock Charges As Elon Musk Celebrates ‘Great Day’; Alibaba Jumps
The Dow Jones Industrial Industrial Average gained as Apple (AAPL) popped amid a tech rally. Tesla (TSLA) charged higher as Elon Musk celebrated the opening of the firm’s factory in Germany. Mea...
Chicago Trader to Pay $377,000 for Forex and Commodity Fraud Charges
The US Commodity Futures Trading Commission ( CFTC CFTC The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and...
Even As Cryptocurrency Economy Recovers, A Dogecoin ($DOGE) Whale Trades $29 Million Only $0.11 In Charges
The whale’s massive transaction was initially reported on by Benzinga, which observed that it occurred at a time when the cryptocurrency market was being shook by enormous geopolitical and econo...
SEC Announces Fraud Charges against 5 Individuals in $58 Million Scheme
The US Securities and Exchange Commission (SEC) recently announced fraud charges against five individuals for allegedly operating a call center in Medellin, Colombia. According to the authority, high-...
No Charges For Ohio Police Officer Who Fatally Shot 16-Year-Old Ma’Khia Bryant
Topline An Ohio grand jury on Friday voted against charging Columbus police officer Nicholas Reardon in the fatal April 2021 shooting of 16-year-old Ma’Khia Bryant, Ohio Attorney General Dave Yost (R)...
DOJ Has Brought Charges Over $8 Billion In Alleged Fraud From Covid Relief
Topline The Department of Justice said Thursday it had brought civil and criminal enforcement actions involving $8 billion worth of alleged fraud stemming from Congress’ $2 trillion coronavirus relief...
‘Ransomware’ Charges Brought against Canadian Man in the US
The US Department of Justice announced on Thursday that a Canadian man was extradited to the United States to face charges for dozens of ransomware attacks, resulting in the payment of tens of million...
SEC Slaps Siblings With Fraud Charges in Alleged $124,000,000 Crypto Scam
A brother and sister who traveled the world as part of a lavish crypto lifestyle are now facing a reckoning at the hands of the United States criminal justice system. In a new press release, the U.S. ...
Justin Sun Denies Facing Criminal Charges in Response to The Verge Article
Alex Dovbnya Justin Sun has denied “false” accusations in a report published by The Verge, which alleged that the controversial entrepreneur could be potentially facing a litany of criminal charges Tr...
CFTC Files Charges against Four Operators of $44 Million Crypto Ponzi
The US Commodity Futures Trading Commission (CFTC) announced on Tuesday that it had filed a civil enforcement action to charge four operators for running a $44 million Bitcoin Ponzi scheme Ponzi Sch...
SEC Charges ‘Snake-Oil Salesmen’ Siblings With $124M Crypto Fraud
In brief Siblings John and JonAntina (Tina) Barksdale ran a cryptocurrency project called Ormeus Coin. But it was a scam, the SEC alleges, and conned investors out of $124 million. The SEC today hit “...
SEC Charges Siblings With Fraud Exceeding $124M
Key Takeaways The SEC has charged John and JonAtina Barksdale with fraud in excess of $124 million for an alleged cryptocurrency scam. The siblings have been accused of misleading and lying to investo...
Siblings face fraud charges for alleged ‘Ormeus Coin’ crypto scheme
advertisement John and Tina Barksdale were charged Tuesday for alleged securities fraud, wire fraud and conspiracies to commit both by selling a cryptocurrency called “Ormeus Coin.” According to a re...
Siblings face fraud charges for by alleged ‘Ormeus Coin’ crypto scheme
advertisement John and Tina Barksdale were charged Tuesday for alleged securities fraud, wire fraud and conspiracies to commit both by selling a cryptocurrency called “Ormeus Coin.” According to a re...
WNBA Player Brittney Griner Reportedly Detained In Russia On Drug Charges
Topline Phoenix Mercury center Brittney Griner has been detained by the Russian Federal Customs Service after vape cartridges containing a narcotic were allegedly found in her luggage upon landing at ...
Crypto Exchange Scraps Fee Charges For Ukrainian Customers
More goodwill continues to pour in as crypto market participants have expressed support for Ukraine. LocalBitcoins, a leading global peer-to-peer Bitcoin marketplace, has said that it stands with Ukra...
AMC charges more for ‘The Batman’ tickets in new pricing test
The AMC Burbank 16 and the Batman bronze statue in Downtown Burbank. AaronP/Bauer-Griffin | GC Images | Getty Images Your ticket to see Warner Bros.’ “The Batman” could cost more if ...
US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect – Regulation Bitcoin News
The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S...
BitConnect Mastermind Indicted In U.S. On Charges of Fraud
The writing is on the wall for indicted crypto fraudster Satish Kumbhani as a U.S. jury charges him on multiple counts of cryptocurrency fraud, which could land him up to 70 years in prison. A federal...
BitMEX Co-Founders Plead Guilty to Money Laundering Charges
Key Takeaways BitMEX co-founders Arthur Hayes and Benjamin Delo have pleaded guilty to violating the Bank Secrecy Act. In 2020, they were charged for illegally offering Bitcoin derivatives trading to ...
BlockFi to Pay $100M to Settle Charges with SEC & 32 States
BlockFi will pay $100 million to the U.S. Securities and Exchange Commission (SEC) and 32 states to settle charges in connection with a retail crypto lending product. The charges have come after a sub...
SEC Charges Australian ‘Man Behind the Machine’ in $41M Crypto Fraud Scheme – Coinotizia
The U.S. Securities and Exchange Commission (SEC) has charged an Australian citizen who called himself the “Man behind the Machine” in a fraudulent crypto scheme that raised almost $41 million. He and...
Trevor Bauer’s Criminal Case Concludes With No Charges Filed Against Him; MLB Investigation Still Open
Trevor Bauer, seen pitching in May, 2021, will not face criminal charges stemming from sexual … [+] assault allegations made by a San Diego woman last year. Getty Images After a five-month revie...
CFTC Charges Two Florida Residents and Their Firm with $19 Million Futures and Forex Fraud
The Commodity Futures Trading Commission ( CFTC CFTC The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and...