A U.S. district judge has sentenced a man to three years in prison in a fraudulent cryptocurrency mining scheme. The defendant “misappropriated his victims’ money and failed to provide them with the m...
Tag: Defrauding
Former FTX exec Nishad Singh charged by the SEC for defrauding investors
A former director of engineering at FTX was “an active participant” in a plan to deceive FTX’s investors and went so far as to withdraw millions from FTX for his personal use, the Securities and Excha...
U.S. SEC Officially Charges Disgraced Terra (LUNA) Founder Do Kwon With ‘Defrauding Investors in Crypto Schemes’
The U.S. Securities and Exchange Commission (SEC) is charging the founder of embattled stablecoin issuer Terra (LUNA) with defrauding investors in “crypto schemes.” In a new press release, the SEC is ...
Oxford PhD Student Jailed For Defrauding Investors Of $2.6 Million In Crypto
Cryptocurrency crimes are becoming prevalent and law enforcement agencies are on their toes to crack down on bad players and bring them to book. The British Royal Court recently sentenced a Ph.D. stu...
My Big Coin founder sentenced to 8 years for defrauding investors
U.S. District Court Judge Denise Casper sentenced the founder of a multi-million fraudulent crypto scheme to eight years. The team amassed $7.6 million and spent it on a house, cars, and other luxurio...
Former Celsius CEO sued for allegedly defrauding customers
New York attorney General Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius Network LLC. James said that Mashinsky violated the Martin Act and New York’s E...
Winklevoss publicly accuse Genesis and DCG of defrauding its 340,000 customers
Cameron Winklevoss, the co-founder of Gemini crypto exchange, has hit out at digital assets investment firm Genesis and its parent company Digital Currency Group (DCG) for orchestrating an alleged fra...
NY Attorney General Sues Former Celsius Network CEO for Defrauding Clients
New York’s state attorney general Letitia James revealed on Twitter that she is suing the former Celsius Network head for defrauding investors out of billions of dollars. Who would have thought that t...
Former CEO Of Celsius Network Sued For Defrauding Investors Out Of Billions
New York Attorney General Letitia James filed a lawsuit against Alex Mashinsky, former CEO of the bankrupt crypto lending platform Celsius Network, for defrauding investors – including 26,00 people fr...
NY Attorney General To Sue Former Celsius CEO For Defrauding Investors
New York Attorney General Letitia James will be suing Celsius CEO Alex Mashinsky. “Alex Mashinsky lied to people about the risks of investing in Celsius,” says James. James seeks to bar Mashinsky fro...
NY Attorney General Sues Alex Mashinsky: on the count of Defrauding Investors
Celsius gained traction during the pandemic, promising easy loans and high interest. Alex is accused of keeping the promotions going despite knowing the state of Celsius. As of November 2022, they h...
New York Attorney General files lawsuit against Celsius’ Alex Mashinsky for defrauding investors
The Attorney General of New York, Letitia James, has filed a lawsuit against Alex Mashinsky, the former CEO and co-founder of Celsius Network LLC, for misleading Celsius’ investors about billions of d...
New York Attorney General sues Celsius Network founder for defrauding investors
Former CEO of Celsius Network has been sued for misleading customers and making false statements The lawsuit is spearheaded by New York Attorney General Letitia James The lawsuit seeks to permanently ...
New York State Attorney General Sues Former Celsius CEO for Defrauding Crypto Investors
The New York State Attorney General is filing a lawsuit against the former CEO of bankrupt crypto lender Celsius alleging that he defrauded investors. According to a new press release, Letitia James i...
New York AG accuses Celsius ex-CEO of defrauding crypto investors
Alex Mashinsky, founder and chief executive officer of Celcius Network Ltd., during a panel session at the Blockchain Week Summit in Paris, France, April 13, 2022. Benjamin Girette | Bloomberg | Getty...
California regulator flags 17 cryptocurrency websites suspected of defrauding victims
On Dec. 27 and 28, the California Department of Financial Protection and Innovation (DFPI) released a comprehensive list of over 17 crypto sites suspected of defrauding users on its homepage. Some of...
SEC files defrauding charges against Gary Wang & Caroline Ellison
The controversy surrounding FTX has taken a new turn, as the SEC has filed defrauding charges. The Securities and Exchange Commission recently charged the former CEO, Caroline Ellison, and the former ...
SEC charges Sam Bankman-Fried with defrauding the US clients
Sam Bankman-Fried, the former FTX CEO, has been charged by the U.S. Securities and Exchange Commission (SEC) with defrauding American clients and concealing the misappropriation of their assets. Sam B...
US SEC Charges SBF Of Defrauding Investors, Political Donations
SBF Arrest Update: The U.S. Securities and Exchange Commission (SEC) in a release mentioned that it has pressed multiple charges against Sam Bankman-Fried (SBF), former CEO of collapsed crypto exchang...
SEC charges Sam Bankman-Fried for defrauding equity investors
Within a span of 24 hours, Sam Bankman-Fried has gone from being a free man to being locked up facing charges from multiple United States agencies. The U.S. Securities and Exchange Commission has char...
SEC charges former FTX CEO SBF for defrauding investors a day after his arrest
The United States Securities and Exchange Commission (SEC) has filed charges against Sam Bankman-Fried, the former CEO of now-bankrupt crypto exchange FTX. The SEC has charged Bankman-Fried with viol...
SEC charges Sam Bankman-Fried with defrauding FTX investors
The US Securities and Exchange Commission (SEC) has filed charges against disgraced former FTX CEO Sam Bankman-Fried, with the regulator revealing the charges a few hours after Bankman-Fried’s arrest ...
SEC charges SBF with defrauding investors
Article updated 13:10 UTC to add details. The Securities and Exchange Commission (SEC) charged Sam Bankman-Fried (SBF) on Dec. 13, with “orchestrating a scheme to defraud equity investors in FTX Tradi...
A Texas Crypto Firm Is in Trouble for Defrauding COVID Program
A Dallas man and the digital currency company he created are in hot water after being charged with defrauding a financial program introduced during the COVID era that was designed to keep businesses a...
UK High Court Orders PGI Global To Shut Down For Defrauding Investors
U.K. High Court has seized a UK-based crypto company for allegedly defrauding investors’ funds of around £612,425 (more than $700,00). The defendant company, PGI Global U.K. Ltd, offered 200% returns ...
UK Closes Crypto Platform PGI Global for Defrauding Investors With Over $700,000
The United Kingdom High Court shut down the cryptocurrency firm PGI Global for allegedly running a fraudulent scheme. The company promised investors returns of up to 200% if they purchased digital ass...
Nikola Founder Trevor Milton Guilty of Defrauding Investors
(Bloomberg) — Nikola Corp. founder Trevor Milton was convicted of fraud for misleading investors in the electric truck company, a stunning downfall for the door-to-door salesman turned billionai...
Nikola founder Trevor Milton convicted of defrauding investors in e-truck startup
Nikola (NKLA) founder Trevor Milton was found guilty of three counts of criminal fraud on Friday in a case accusing him of spreading lies about the electric truck startup for his own personal benefit....
Young Canadian Crypto Trader Being Sued For Defrauding
57 seconds ago | 2 mins read Bitcoin News The Ontario man has had $2 million worth of property seized by the authorities. About 140 investors have come forward with information to help in the case. Ca...
$2 Million in Assets Seized From a 23-Year-Old Who Allegedly Defrauding Investors
Aiden Pleterski – a 23-year-old Canadian trader and self-described “Crypto King” – is being sued after allegedly failing to return at least $35 million to his investors. Authorities have already seiz...