On March 14, a class action lawsuit was filed against the recently shut down crypto-friendly, New York-based Signature Bank, and its former chief executive office, Joseph DePaolo, chief financial offi...
Tag: Fraud
Patrick Duffy Is One of Many to Have Allegedly Fallen Victim to Crypto Fraud
Patrick Duffy – a certified public accountant (CPA) – is just one of several people in the Bay Area (San Francisco, CA) that appears to have fallen victim to heavy crypto fraud purportedly being condu...
Silicon Valley Bank Sued by Shareholders Alleging Fraud
24 seconds ago | 2 mins read Bitcoin News Silicon Valley Bank has over $16 billion in unrealized losses as of the closing date. The complaint alleges mismanagement of circumstances that led to its dow...
Shareholders file lawsuit against Silicon Valley Bank, alleging fraud: Report
A group of shareholders have reportedly filed a lawsuit against Silicon Valley Bank’s parent company and some of its executives amid the unfolding crisis. Multiple news outlets reported on March 13 th...
Eddy Alexandre Pleads Guilty to Nearly $250 Million Crypto Fraud Scheme
Eddy Alexandre – a man in New York – entered a guilty plea in mid-February this year after conducting a crypto fraud scheme that stole nearly $250 million from assorted investors. Eddy Alexandre Plead...
This New Crypto Fraud Operation Targets Latino Residents
Crypto enthusiasts and users understand the risks inherent in digital asset investments. Besides losing funds in price crashes, investors can lose money through scams, pump-and-dump schemes, exchange ...
Crypto Fraud: SEC stop the Green United
The Securities and Exchange Commission (SEC) is at it again. This time to crack down on a crypto mining company called Green United, which allegedly set up a fraudulent scheme for its exclusive benefi...
AirBit Club Execs Admit to Cryptocurrency Fraud Allegations
Top executives and operators of the cryptocurrency mining and trading business AirBit Club have entered a guilty plea in fraud and money-laundering allegations. U.S. Attorney Damian Williams said: “Th...
AirBit Club execs face decades in prison after pleading guilty to $100M fraud
Six people involved in a cryptocurrency “Ponzi scheme” that raked in about $100 million over five years have pled guilty to a series of fraud and money laundering charges, each carrying a maximum sent...
Airbit Club Founders, Lawyer Plead Guilty to $100M Fraud Scheme
Airbit Club was a global scam in which promoters hosted “lavish expos” and community presentations throughout the U.S., Asia, Latin America and Eastern Europe, and convinced victims to invest in “memb...
We See Turmoil, Fraud, Lack of Transparency, Run Risk – Regulation Bitcoin News
Federal Reserve Chairman Jerome Powell has outlined several risks related to crypto activities during a hearing before the Senate Committee on Banking, Housing, and Urban Affairs. While stating that t...
Fed Chair Jerome Powell: Crypto ‘Turmoil, Fraud, Run Risk’ Is Being Monitored
Federal Reserve Chairman Jerome Powell today said that the crypto space needs to be monitored closely because it is full of turmoil—but innovation in the world’s biggest economy should not be stifled....
Tucker Carlson Doubles Down On 2020 Election Fraud Claims With Jan. 6 Footage Despite Fox Defamation Lawsuit
Topline Fox News anchor Tucker Carlson continued to sow doubt in the 2020 election results Monday night despite a high-stakes defamation case over the network’s fraud claims—which court documents sugg...
SEC Freezes Assets Of Miami-Based Crypto Hedge Fund In $100 Million Crypto Fraud Case ⋆ ZyCrypto
Advertisement     Another day, another SEC enforcement action. The U.S. securities watchdog has just filed an emergency action against Miami-based investment adviser B...
SEC Levies Charges Against BKCoin for Fraud
The United States Securities and Exchange Commission (SEC) has filed an emergency action against Miami Investment Adviser, BKCoin Management LLC. In what comes as the latest in the series of enforceme...
Emergency Action Filed Against BKCoin Over $100M Fraud by SEC
7 seconds ago | 2 mins read Bitcoin News BKCoin collected almost $100 million from at least 55 investors. The defendants utilized over $3.6M in investor money to make Ponzi-like payments. For mastermi...
SEC Initiates Emergency Action Against BKCoin For Fraud Scheme
The Securities and Exchange Commission has initiated an emergency action against investment advisor BKCoin Management in connection with a crypto fraud scheme worth $100 million. According to the SEC...
SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has filed an emergency action against Miami-based investment adviser Bkcoin and one of its principals, Kevin Kang. “The defendants disregarded the str...
SEC Sues BKCoin For Alleged Fraud
The Securities and Exchange Commission (SEC) continues its enforcement actions against the crypto industry, filing an emergency action against Miami-based crypto hedge fund BKCoin and its principal Ke...
BoJo donor Christopher Harborne named as intermediary in Tether fraud claims
Big-time Brexit and Boris Johnson donor Christopher Harborne has been named in disclosures first reported by the Wall Street Journal (WSJ) that suggest Tether evaded blocks by US banks through falsify...
SEC Alleges BKCoin Collected From Crypto Investors, Ran Fraud Scheme
The SEC continued its enforcement spree on the crypto sector Monday by going after a Miami-based investment adviser the agency claims ran a fraud scheme. BKCoin Management raised roughly $100 mi...
SEC going after BKCoin and Kang over fraud allegations
The U.S. SEC has filed an emergency action against BKCoin Management LLC and its principal, Kevin Kang, for allegedly orchestrating a $100 million crypto fraud scheme. The SEC obtained an asset freez...
SEC Shuts Down ‘$100 Million Crypto Fraud’ in Miami
Another day, another SEC crypto crackdown case. Today, the U.S. regulator announced emergency action against investment adviser BKCoin Management in connection with an alleged fraud scheme. The SEC a...
SEC files emergency action against BKCoin for raising $100M through crypto fraud
The United Securities and Exchange Commission (SEC) has filed an emergency action to seize the assets of Miami-based investment adviser BKCoin Management LLC and its principal Kevin Kang for their con...
SEC continues streak of enforcement actions, targets BKCoin for alleged $100M fraud
The United States Securities and Exchange Commission, or SEC, has targeted an investment adviser and individual allegedly connected to a $100-million cryptocurrency fraud in its latest enforcement act...
Binance to launch anti-crypto fraud campaign
Crypto exchange Binance has launched its joint anti-scam campaign in collaboration with law enforcement agencies around the world to combat an alarming upward trend in cryptocurrency-related scams. In...
Court Dismisses Tax Fraud Charges Against Michael Saylor’s MicroStrategy
The Superior Court of the District of Columbia has dismissed a civil complaint against American business intelligence company MicroStrategy, which alleged that the firm helped its co-founder Michael S...
FTX ex-director Nishad Singh pleads guilty to fraud charges
Disclaimer: The article has been updated to show that Nishad Singh pleaded guilty to FTX fraud charges, which previously reported on his intent to plead guilty in court. Nishad Singh, former director ...
Former co-lead engineer of FTX charged by SEC for fraud
Nishad Singh, the ex-Co-Lead Engineer of FTX Trading Ltd, has been charged by the SEC for actively participating in a multi-year scheme to deceive equity investors of FTX. The result of the alleged fr...
FTX Top Executive Pleads Guilty to Fraud
Nishad Singh – the former head of engineering at bankrupt crypto exchange giant FTX – pleaded guilty to six criminal charges related to his activity with the firm during a court hearing on Tuesday. Th...
Former FTX Executive Nishad Singh Enters Guilty Plea In Crypto Exchange’s Fraud Case ⋆ ZyCrypto
Advertisement     Nishad Singh, the former director of engineering for defunct cryptocurrency exchange FTX, pleaded guilty on Tuesday to fraud charges lodged against h...