Legendary Berkshire Hathaway investor Charlie Munger has major criticisms of the crypto space in light of the recent FTX collapse. In a new interview with CNBC’s Squawk Box, Munger asserted a skeptica...
Tag: Fraud
Billionaire Charlie Munger labels crypto as ‘partly fraud’ that’s ‘good for kidnappers’
As the recent crisis caused by the collapse of FTX continues to wreak havoc across the cryptocurrency market, the critics are offering their two cents on the situation and the industry in general, inc...
Charlie Munger says crypto is a bad combo of fraud and delusion — ‘good for kidnappers’
Charlie Munger at the Berkshire Hathaway press conference, April 30, 2022. CNBC Berkshire Hathaway Vice Chairman Charlie Munger, a longtime cryptocurrency skeptic, said digital currencies are a malici...
Coinbase CEO Brian Armstrong Says Sam Bankman-Fried Probably Committed Fraud, Warns of More FTX Contagion
Coinbase CEO Brian Armstrong is weighing in on the collapse of crypto exchange FTX, saying that the firm’s CEO Sam Bankman-Fried probably committed some form of fraud during the ordeal. In a new inter...
FTX Fraud: Who Are Sam Bankman-Fried’s Biggest Victims?
Key Takeaways The collapse of FTX is already going down as one of the most severe crypto-related frauds in history. Over the course of a week, Sam Bankman-Fried’s carefully-curated empire was sh...
Ukraine’s Cyberpolice Expose Members of Crypto Fraud Scheme Making €200 Million a Year – Bitcoin News
A report shows Ukrainian Cyberpolice identified members of a group that defrauded people around the world through fake crypto investment offers. The criminal organization maintained offices and custom...
Manhattan District Attorney Freezes $1.3 Million in Crypto — Seeks to Return Funds to Fraud Victims – Regulation Bitcoin News
Manhattan District Attorney (DA)’s Office has frozen more than $1.3 million in cryptocurrency “during fraud investigations conducted over the past ten months.” The authority said: “We are returning th...
Former US Treasury Secretary Larry Summers Compares FTX Collapse to Enron Fraud – Regulation Bitcoin News
Former U.S. Treasury Secretary Lawrence Summers has compared crypto exchange FTX to Enron, noting that the case is a classic fraud rather than the complexities of cryptocurrency regulation. He said th...
Buterin breaks silence on FTX debacle, says ‘fraud cuts deeper’
Ethereum founder Vitalik Buterin made his first direct comments on FTX’s spectacular collapse late Friday, accusing former FTX CEO Sam Bankman-Fried of “virtue signaling.” Unli...
South Korea Cracks Down on Terra Employees Involved in $100M LUNA Fraud
South Korean authorities have discovered that Terraform Lab, the Do Kwon-led software development company, sold some tokens associated with LUNA Classic (LUNC) to its employees at half price before th...
Judge Rejects Arizona GOP Lawsuit To Extend Voting Hours As Trump Sows Fraud Claims
Topline An Arizona judge shot down an emergency request from a group of Republican organizations Tuesday night requesting an extension of voting hours in heavily populated Maricopa County, after a qua...
Arizona Vote-Counting Issues Lead To Baseless Fraud Claims—And Contradictory Advice—From GOP Leaders
Topline Some vote-counting machines in Arizona’s Maricopa County malfunctioned on Election Day, leading state Republican leaders to spread unsubstantiated claims of fraud and offer contradictory advic...
After One Year, James Zhong’s Crypto Fraud Case Came To Light
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Wells Fargo Embroiled in Yet Another Scandal
Sending money to family or making a rent payment through Zelle has many perks — it is immediate and does not come with the fees commanded by many traditional e-transfers. The instant payment ser...
Billionaire Richard Branson Must Face Fraud Suit From Virgin Galactic Shareholders
Topline Billionaire Richard Branson must face a lawsuit filed by Virgin Galactic shareholders who allege Branson hid issues with the space program and sold nine figures worth of stock at inflated pric...
U.S. Seizes $3.3 Billion In Bitcoin Linked To Dark Web Fraud
According to a press release, the U.S. Department of Justice (DoJ) seized over $3.3 billion or 50,000 Bitcoin (BTC) tied to the infamous digital Silk Road. This capture is one of the largest in histor...
AI Ethics And AI Law Deeply Disturbed By AI Used To Fraudulently Influence Or Corrupt Elections
AI has a dual-use possibility of further enabling free and fair elections, or gloomily producing … [+] elections with AI-powered corruption and fraud. getty Elections are vital to democracy. Rec...
Andrew Trujillo and Zena Dounson Guilty of Crypto Fraud
Two residents of San Antonio, Texas have pleaded guilty to engaging in a crypto fraud scheme. Andrew Trujillo and Zena Dounson allegedly looked through various online channels as a means of scoping ou...
Feds charge former MoviePass execs with securities and wire fraud
The former executives in charge of MoviePass have been indicted in what the Justice Department calls “a scheme to defraud investors.” Ex-MoviePass CEO J. Mitchell Lowe and Theodore Farnswo...
Ripple CTO Explains What Recent Securities Fraud Case Means for Crypto
Alex Dovbnya MoviePass executives are facing criminal charges after misrepresenting its business model In a recent tweet, Ripple CTO David Schwartz says that U.S. prosecutors bringing federal charges ...
U.S SEC Reveals $295M Bitcoin Ponzi Scheme Fraud
Investors in Trade Coin Club were promised “minimum returns of 0.35% daily.” Tetreault has settled the SEC’s claims against him, the statement said. The U.S. Securities and Exchange Commission (SEC) a...
Instagram Influencer Jay Manzini Pleads Guilty in $8M BTC Fraud
29 mins ago | 2 mins read Editors News Igbara informed his followers that he planned to purchase a substantial quantity of bitcoin. He made off with major cryptocurrencies to the tune of $2.5 million ...
Introducing Self, the Web3 Fraud Prevention Platform
Place/Date: London – November 4th, 2022 at 7:18 pm UTC · 4 min read Contact: Self Press, Source: Self Self, the Web3 fraud prevention platform and decentralised trust network, has announced thei...
Former MoviePass CEO charged in alleged fraud scheme
Sopa Images | Lightrocket | Getty Images Former executives at MoviePass and its parent company have been charged with fraud, according to a federal indictment that was unsealed Friday. Theodore Farnsw...
Judge Appoints Independent Monitor To Oversee Trump Organization Amid Fraud Probe
Topline The Trump Organization will now be restricted in how it moves and reports its business assets as New York Attorney General Letitia James’ lawsuit alleging fraud by former President Donald Trum...
Milwaukee Election Official Fired For Falsely Ordering Military Ballots To Test Whether Fraud Is Possible, Mayor Says
Topline Milwaukee Mayor Cavalier Johnson (D) said Thursday he fired a city election official accused of sending fraudulently obtained absentee military ballots to the home of a Republican lawmaker who...
South Korean lawmakers seek tough punishments for crypto fraud
The National Assembly of South Korea is collaborating with the country’s Financial Services Commission on a bill that seeks to introduce greater oversight of crypto firms and introduce tough punishmen...
South Korean Regulators to Harden Punishments for Crypto Fraud Practices
The concern of not being able to curb the impact of an unfortunate incident such as the Terra-Luna incident to protect investors, South Korean legislators are now considering setting up law with the a...
US DOJ Revises Probe into Tether Regarding Bank Fraud – Report
The United States Department of Justice has reopened a probe into Tether Holdings according to a report from Bloomberg citing anonymous sources close to the probe. Per the report, the probe is into al...
South Korean regulators aim to toughen crypto fraud punishments
In the aftermath of the Terra collapse last spring, South Korean legislators intend to ramp up legislation, putting specific emphasis on the protection of investors in virtual assets — i.e. digital cu...