On Friday, it was reported that American authorities are looking into fraud allegations leveled against Sam Bankman-Fried, the disgraced founder FTX. After the exchange filed for Chapter 11 bankruptcy...
Tag: Fraud
US Probes FTX Founder for Fraud, Examines Cash Flows to Bahamas
(Bloomberg) — US prosecutors, laying the groundwork for a potential fraud case against Sam Bankman-Fried and others involved in the collapse of cryptocurrency giant FTX, are scrutinizing how fun...
U.S. prosecutors probing FTX founder Sam Bankman-Fried in potential fraud case: Bloomberg
U.S. prosecutors are probing Sam Bankman-Fried, the disgraced founder of now-bankrupt crypto group FTX, for a potential fraud case against him, Bloomberg reported Friday, citing a person familiar with...
NFTs could help solve diamond certification fraud
Diamonds may be a girl’s best friend, but unfortunately, the billion-dollar diamond industry is rife with scandal and fraud. There have been a number of cases where lab-grown diamonds have been graded...
Blockparty co-founder maintaining ‘luxurious lifestyle’ charged with fraud
Rikesh Thapa, who co-founded the NFT platform Blockparty, was arrested by U.S. prosecutors. The 28-year-old Californian allegedly spent $1 million of the company’s funds on parties. According to the p...
A Decade of Spotting Fraud, Fighting Scams, and a Fitting Closer – The SBF/FTX Catastrophe
The blockchain space continues to grow in popularity and relevance. It is now a bonafide sector of global finance, with terms such as ‘crypto’ and ‘DeFi’ becoming mainstream topics on global news netw...
US Prosecutors Arrest Blockparty Co-Founder for Wire Fraud
The Blockparty co-founder executed the fraud while he was the CTO between December 2017 and September 2019. The co-founder of Blockparty Rikesh Thapa has been arrested over the theft of more than $1 m...
US DOJ charges former CTO of blockchain company for fraud scheme
The US Department of Justice said it has arrested Rikesh Thapa, the former chief technology officer of a blockchain company, for allegedly defrauding his company of over $1 million. The DOJ did not na...
Gensler ‘Singularly Responsible’ for Failing To Expose FTX Fraud, Rep. Says
A member of the House Committee on Financial Services is calling for the Government Accountability Office, known as Congress’ investigation arm, to look into the SEC and its “failure to protect the in...
Ethereum And Ripple Commit Securities Fraud: Michael Saylor
Bitcoin bull Michael Saylor notoriously doesn’t care much about altcoins, including Ripple (XRP) and Ethereum (ETH). In a most recent podcast appearance, Saylor spoke out about the classification of t...
Trump Organization, owned by Donald Trump, convicted in tax fraud case
Two subsidiaries of the Trump Organization were convicted Tuesday by a jury in New York City of multiple crimes, including tax fraud, falsifying business records and conspiracy. The guilty verdicts on...
Trump Organization Found Guilty Of Tax Fraud At Trial
Topline The Trump Organization has been found guilty of criminal tax fraud, a jury declared Tuesday, after prosecutors accused former President Donald Trump’s company of evading taxes by paying execut...
Michael Avenatti Sentenced To Another 14 Years In Prison For Fraud
Topline A federal judge sentenced former attorney and Trump foe Michael Avenatti to 14 years in prison Monday for embezzling clients’ money and violating tax laws, on top of five years of prison time ...
FTX Fraud To Land SBF In Jail Soon?: Justice Department Motion
Sam Bankman-Fried SBF FTX News: Amid demands for thorough investigation into the FTX collapse under Sam Bankman-Fried‘s leadership, the U.S. Department of Justice called for granting such a probe. In ...
Coin Signals ordered to pay $2.8 million in CFTC crypto fraud suit
According to a public statement by the CFTC on Thursday, Jeremy Spenz, founder of Coin Signals pled guilty to running a ponzi scheme. Jeremy Spence is ordered to repay the amount that he allegedly gai...
Billionaire Mike Novogratz Predicts Ex-FTX CEO Sam Bankman-Fried Will Go to Prison for Fraud
Galaxy Digital CEO Mike Novogratz is predicting that disgraced former FTX CEO Sam Bankman-Fried will face prison time for allegedly committing fraud. In a new interview with CNBC Squawk Box host Andre...
Did SBF Admit to Fraud and Mishandling Users’ Funds on Twitter?
Details remain unclear, but Sam Bankman-Fried (SBF) may have unintentionally admitted to fraud during a recent live Twitter space. Now, a ‘whistleblower’ is claiming to know more about FTX and Alameda...
calculated fraud or criminal negligence?
In the interviews he has given since the FTX bankruptcy, SBF has said that he didn’t knowingly commit fraud. SBF says he didn’t commit fraud Most of the details referring to the spectacular crash of t...
‘I Did Not Try to Commit Fraud’
Sam Bankman-Fried (SBF) appeared at the New York Times DealBook Summit, where he discussed the reasons for the demise of FTX. He claims that despite setbacks, he isn’t focusing on potential criminal l...
SBF Unveils His journey From Crypto “Poster Child” To Indulge In Fraud
Former FTX CEO Sam Bankman Fried in a recent appearance at the Dealbook summit discusses his journey from once hailed as the poster child of responsible crypto to facing fraudulent charges over FTX co...
“I Never Tried to Commit Fraud”
Former FTX CEO Sam Bankman-Fried (SBF) spoke at length about FTX’s collapse and bankruptcy at the New York Times Dealbrook Summit on Wednesday. The former billionaire defended himself from accusations...
Cryptocurrency Fraud: What You Need to Know
Join Our Telegram channel to stay up to date on breaking news coverage Cryptocurrency Fraud: What You Need to KnowThe emerging world of cryptocurrency is home to a lot of fraudulent activity with scam...
Crypto Fraud in UK Claims 32% to £226M amid Recession
According to data from the UK police unit Action Fraud, about £226 million ($273 million) was lost in crypto fraud over the past year. Many UK residents are currently struggling to survive in the wak...
UK Crypto Fraud On The Rise, Crypto Daily TV 29/11/2022
In Todays Headline TV CryptoDaily News: UK crypto fraud climbs by a third. Cryptocurrency fraud in the U.K. rose by 32% to 226 million pounds in one year, according to data from the U.K. police unit A...
Daniel Shin Likely to Face Fraud Charges
Interpol issues a Red alert against Do Kwon, the co-founder of Terra. Daniel Shin and Do Kwon developed terra Luna in 2018; the motto behind the development of Terra Luna was the volatility of the c...
Attention Turn to Auditors as Crypto Fraud Increases
The collapse of FTX and increasing incidents of fraud are forcing auditors to make harder choices concerning crypto companies. While the exchange’s collapse has sent shockwaves throughout the crypto i...
UK Crypto Fraud Climbs by a Third to Over $270M: Report
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Defunct Crypto Exchange FTX and Sam Bankman-Fried Facing Fraud Investigation in Turkey
Bankrupt crypto exchange FTX and its co-founder Sam Bankman-Fried could face fraud charges overseas as Turkish officials probe the former CEO. According to a new announcement by Turkey’s Financial Cri...
Crypto Lender Hodlnaut Under Investigation For Possible Fraud
Singapore-based crypto lender Hodlnaut is reportedly facing an investigation by the Singapore police related to alleged fraud and cheating. The police had received several reports that the crypto lend...
Singapore Initiated Fraud Investigation into This Crypto Lender
According to the reports, the Commercial Affairs Department began the investigation into Hodlnaut Pte. Ltd on November 23, 2022. Hodlnaut, a Singapore-based crypto lender, and/or its Directors are rep...
Turkey Investigates Former FTX CEO Sam Bankman-Fried for Fraud, Seizes Assets – Exchanges Bitcoin News
The Turkish government has launched an investigation on the former chief executive of failed cryptocurrency exchange FTX, Sam Bankman-Fried. According to local media, the authorities in Ankara have al...