Alex Dovbnya There’s a new development in the Tether bank fraud probe, according to a Monday report by Bloomberg According to a report published by Bloomberg this Monday, a new team of federal prosecu...
Tag: Fraud
Edward Snowden Calls Out Craig Wright for Being a Fraud
Famous whistleblower and ex-NSA contractor Edward Snowden clapped back at the self-styled Bitcoin creator Craig Wright on Monday, after the latter accused Snowden of being a traitor. The intelligence...
Tether Responds to Reports of New Bank Fraud Investigation at DOJ
A DOJ investigation into suspected bank fraud at Tether – issuer of the world’s largest stablecoin, USDT – has reportedly been transferred to another team within the department, according to a Monday ...
US Tether Bank Fraud Investigation Changes Hands Within the DOJ: Report
Responding in a blog post published Monday, Tether said it is in open dialogue with law enforcement agencies, “helping the department … with some of the biggest cybercrime and national security cases ...
Tether Fraud Investigation Gets New Leader: Bloomberg
US Attorney Damian Williams has led several crypto federal complaints New York has one of the most comprehensive crypto policies in the country The US Department of Justice has tapped a new head for i...
Federal Prosecutors Take Over Tether Investigation, Looking Into Potential Fraud Committed by Executives: Report
The New York Justice Department is taking over a year-old investigation into top stablecoin issuer Tether. Washington federal prosecutors warned top Tether executives last year that they could be char...
Terra’s Do Kwon Faces $57 Million Lawsuit in Singapore For Financial Fraud ⋆ ZyCrypto
Advertisement     A fresh lawsuit has been initiated in Singapore against embattled Terra Form labs CEO Do Kwon, the Luna Foundation Guard (LFG) and Terra founding par...
UK High Court Shuts Down PGI Global for Involvement in a Crypto Fraud
The UK High Court has ordered PGI Global to shut down. Company was believed to be involved in cryptocurrency fraud. High Court did the same with Micasa WW Ltd. in August 2022. Official Receiver Appoin...
Ripple Partner Novatti to Use Riskified Fraud Management Platform for Secure Payments
Yuri Molchan Novatti and Riskified have teamed up in strategic partnership Contents Novatti becomes stronger thanks to Riskified Novatti taps Ripple’s ODL technology As reported by The Paypers, ...
Britain’s High Court Suspends PGI Over Alleged Crypto Fraud – crypto.news
A British High Court suspended the Pretoria Group International (PGI) Trading firm. PGI offered crypto services, health products, and blockchain education. PGI Shutdown While Holding Investors’ Funds ...
Bithumb Founder Could Face Eight Years in Prison for $70 Million Fraud Charges ⋆ ZyCrypto
Advertisement     South Korean prosecutors are seeking an eight years sentence for the founder of Bithumb, Lee Jung-hoon, on charges that he defrauded the chairman of ...
Bithumb Ex-Chair Faces 8 Years in Prison for Alleged $70M Crypto Fraud: Report
South Korean prosecutors are pushing for an eight-year sentence for Lee Jung-hoon, the former chairman of crypto exchange platform Bithumb, for an alleged $70 million fraud. According to a report by t...
Bithumb ex-chairman could face 8 years in prison over alleged $70M fraud
The former chairman of the South Korean cryptocurrency exchange Bithumb, Lee Jung-hoon, could face a possible maximum sentence of eight years in prison if found guilty on charges related to an alleged...
Bithumb Founder Could Face 8 Years in Prison Over $70M Fraud
The founder of Bithumb crypto exchange is facing a potential eight-year prison sentence over allegations of a $70 million fraud. Founder Lee Jung-hoon faced trial on Tuesday with the verdict expected ...
Former Head of Crypto Exchange Bithumb Charged With Eight Years in Prison for Alleged $70,000,000 Fraud: Report
South Korean prosecutors are charging the former head of a major crypto exchange with fraud worth nearly $70 million. According to a report from the South Korean news outlet Yonhap News Agency, state ...
Hawaii couple charged with fraud over Semisub watercraft company
A little girl who is 5 years old is looking through a window inside a submarine. She is looking at the ocean underwater. Shot in Maui, Hawaii. Bradleyhebdon | Istock | Getty Images A Hawaii couple was...
S. Korean Prosecutors Request Eight Year Prison Sentence for Ex-Bithumb Chairman on $70M Fraud Charges
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Bithumb owner to receive 8-year jail term for $70M fraud – local media
Lee Jung-hoon, the owner of the South Korean crypto exchange Bithumb, is facing up to eight years in prison on charges of fraud to the value of 100 billion won ($70 million), according to YNA. Lee was...
Prosecutors reportedly seeking an 8-year jail term for Bithumb founder over $70 million fraud
South Korean prosecutors are reportedly seeking an eight-year jail sentence for the founder of the Bithumb crypto exchange in the ongoing $70 million fraud case. The prosecution has justified the req...
Trump Organization’s Criminal Trial For Tax Fraud Starts—Here Are The Consequences It Could Face
Topline Jury selection begins Monday in the Trump Organization’s criminal trial for alleged tax fraud—which will only result in the company having to pay monetary damages if it’s found guilty, though ...
Ex-OpenSea exec dodges insider trading charge, wire fraud trial to continue
U.S. Judge Jesse Furman said the insider trading charge against former OpenSea employee Nate Chastain is “misleading” and should be removed from the record, but the wire fraud trial will continue. The...
US Judge Rejects Motion to Dismiss Fraud Case Made by Former OpenSea Employee
Nathaniel Chastain, former Head of Product at OpenSea has been denied the motion to dismiss the wire fraud case leveled against him by a Southern District Court in New York as reported by The Block. I...
Financial Advisor Pleads Guilty to Fraud After Airport Arrest
A Massachusetts investment advisor has pleaded guilty to multiple counts of fraud and other charges after a failed attempt to flee the country while he was awaiting trial. Steven Xigoros, of Lowell, M...
Craig Wright Not Defamed by Being Called ‘a Fraud,’ Judge Rules
Granath’s statements were primarily inoffensive value judgements, with “a core of allegations of a factual nature,” the Oslo court observed The court chose not to take a position on the question of wh...
Trump Committed Fraud By Pushing False Voting Claims Despite Knowing The Truth
Topline A federal judge suggested Wednesday that former President Donald Trump committed criminal fraud by knowingly making false voting claims under oath, with the judge ordering a Trump attorney to ...
Unit21 Launches Fintech Fraud DAO to Combat Financial Crime With Brex, Chime and PrimeTrust as Early Customers
DAO is expected to process data from 20% of all U.S. fintech customers as part of an effort to help the industry transition from fraud detection to fraud prevention SAN FRANCISCO–(BUSINESS WIRE)–Unit2...
Missing Cryptoqueen Associates Face Fraud Trial In Germany
Ruja Ignatova, who is notoriously known as the “Cryptoqueen,” has evaded capture for five years and authorities are still clueless as to the whereabouts of the woman behind the infamous OneCoin Ponzi ...
Terra co-founder Do Kwon tells Laura Shin fraud charges against him are illegitimate
Terraform Labs co-founder Do Kwon does his second interview since the Terra ecosystem implosion. The incident left a $60 billion black hole and sparked a chain of events that further tarnished the cry...
Blockchain’s Adoption & Capabilities Increase against Fraud in Public Finance Sector
Based on blockchain’s inherent capability of tackling fraudulent transactions, this cutting-edge technology is expected to continue being adopted in the banking and financial services sector, accordin...
Industry exec explains why NFT fraud protection falls on brand and not marketplaces
Nonfungible token (NFT) marketplaces should commit to combat fraudulent NFTs, but brands are far more responsible for protecting NFT investors, according to one industry executive. Brands that issue N...
Nikola NKLA founder Trevor Milton found guilty of fraud
Trevor Milton CEO of Nikola Massimo Pinca | Reuters Trevor Milton, the founder and former chairman and CEO of electric heavy truck maker Nikola, was found guilty in federal court Friday of three of fo...
Five Charged in France With $2.5M Fraud Targeting Bored Ape NFT Owners
Five people have been charged in France on allegations that they fraudulently acquired $2.5 million worth of non-fungible tokens (NFTs), mainly targeting Bored Ape Yacht Club (BAYC) and Mutant Ape Yac...