The U.S. Securities and Exchange Commission (SEC) and the Ontario Securities Commission (OSC) filed parallel charges against two organizations. They are Bermuda-based Arbitrade Ltd and Canada-based Cr...
Tag: Fraud
Ukraine Egg King Faces $1 Billion Fraud Case in the Cowboy State
(Bloomberg) — Tucked below news of the Vienna zoo’s newborn orangutan, Austria’s top-selling newspaper carried a notice in June this year that would have been easy to miss. Most Read from Bloomb...
Nikola Tries to Ignite Market for Its Hydrogen Fuel-Cell Trucks
As Nikola founder stands trial on securities-fraud charges, a revamped management team is pushing to make the company the first to market hydrogen-powered commercial trucks in the U.S.—and to overcome...
On-Chain Sleuth Alleged Crypto Influencer of Fraud
On September 29th, 2022, on-chain investigator ZachXBT alleged famous crypto influencer Lark Davis of being involved in crypto pump and dump schemes. Following the allegations, Davis reported to deny ...
Former Federal Prosecutor On The New York Attorney General’s Case Against Donald Trump And Three Of His Children
NEW YORK, NY – JANUARY 11: President-elect Donald Trump, Ivanka Trump, and Donald Trump Jr., listen … [+] during a press conference at Trump Tower in New York, NY on Wednesday, Jan. 11, 20...
Global think tank suggests blockchain in public finance can help reduce fraud
The Official Monetary and Financial Institutions Forum, or OMFIF, an independent global think tank for central banking and economic policy, has released a report suggesting that blockchain technology ...
Binance Assists in Recouping Fund for Vicitims of Contra Tech Fraud
Binance exchange has announced it is heavily involved in helping the victims of Contract Tech fraud from back in 2017/18 to recoup their lost funds. For the past couple of years, the digital currency ...
SEC Charges Three Men With Fraud Over $100 Million New Jersey Deli
Topline The Securities and Exchange Commission charged three men on Monday with artificially inflating the share price of a company that’s only asset was a deli in suburban New Jersey, notoriously pus...
Three men charged with fraud in $100 million New Jersey deli scheme
Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC Three men were charged with fraud and other crimes in a scheme involving a company that was worth $100 million in the stock market despite having only ...
Brett Favre’s SiriusXM Show Suspended Whilst Proceedings Continue In Welfare Fraud Case
MIAMI, FLORIDA – JANUARY 31: Former NFL player Brett Favre speaks onstage during day 3 of SiriusXM … [+] at Super Bowl LIV on January 31, 2020 in Miami, Florida. (Photo by Cindy Ord/Getty ...
Firm previously accused of fraud sues Coinbase for patent infringement
A firm that previously weathered fraud allegations from the U.S. Securities and Exchange Commission (SEC) is seeking $350 million from Coinbase in a lawsuit that alleges the exchange infringed on its ...
UK Introduces Law to Crackdown on Crypto Money Laundering and Fraud – crypto.news
The UK introduced in Parliament a new bill to make it simpler for law enforcement agencies to seize, freeze, and recover cryptocurrency when it is used for criminal acts, such as money laundering, dru...
Motley Fool Stock-Pick Hacker Pleads Guilty to $3 Million Fraud
(Bloomberg) — An Idaho man who worked as an information technology professional admitted to making at least $3.5 million by illegally accessing the stock picks of the personal finance website Mo...
New UK Crypto Bill Aims to Tackle ‘Profits From Fraud, Drugs, and Cybercrime’
The U.K. government has introduced a new bill to prevent money laundering and fraud. The bill also covers some aspects related to crypto. The United Kingdom has introduced a new bill that will focus o...
New York Suit Against Trump Mixes Routine Business Law, Uncommon Allegations
The New York attorney general’s lawsuit against former President Donald Trump uses a common state business law to make allegations about property valuations, which lawyers say are rarely the focus of ...
Former Mississippi Welfare Chief Pleads Guilty In Multimillion-Dollar Fraud Scandal
Topline The former head of the Mississippi Department of Human Services pleaded guilty Thursday to improperly doling out millions of dollars in welfare funds in one of the largest public corruption ca...
Senators drill down on Zelle reimbursements, inflation and ‘uber-woke’ policies in bank CEO hearing
Democratic senators criticized banks for not serving consumers fairly while Republicans complained about liberal social agendas promoted by the same institutions, as chief executive officers of the co...
Navy Bribery Mastermind ‘Fat Leonard’ Arrested In Venezuela After Fleeing U.S. House Arrest
Topline A Malaysian contractor known as “Fat Leonard”, who conned the U.S. military out of tens of millions of dollars and sat at the center of a sprawling corruption scheme, has been arrested in Vene...
Nikola CEO Tells Jurors He Worried About Exaggerations by Company Founder Trevor Milton
Nikola CEO Mark Russell told a New York federal jury Monday that he had concerns about joining the electric-truck company because he believed its founder, Trevor Milton, “was prone to exaggeration in ...
Retired Couple Wins $5.2 Million Award From UBS Over YES Strategy
Two retirees won a $5.2 million arbitration award against UBS , which they accused of misrepresentation, unsuitability, and breach of fiduciary duty with regard to a complex options-trading strategy. ...
Indian Finance Minister Urges Banks to Use Web3 Technology to Detect Fraud
Indian Finance Minister Nirmala Sitharaman called on banks to use technologies such as Web3 and AI to detect fraud and generate early warning signs at the 75th Annual General Meeting of the Indian Ban...
Ex-Morgan Stanley Advisor Pleads Guilty to $7 Million Fraud
A former Morgan Stanley advisor pleaded guilty on Thursday to wire fraud and money laundering as part of a $7 million fraud scheme, according to the Department of Justice. Ex-advisor Shawn Edward Good...
Crypto investment advisor faces SEC fraud charges after raising $4.3 million
The U.S. Securities and Exchange Commission filed fraud charges on Thursday against a crypto advisor who raised close to $4.3 million from four investors. The SEC alleged that Gabriel Edelman fraudule...
Chicago Crypto Capital Employees Sued by SEC for Fraud & Unregistered Offering Sale
DeFi advisory firm. Chicago Crypto Capital and its three employees are being sued by the Securities Exchange Commission (SEC) for fraud and conducting an unregistered offering. The SEC has filed a law...
SEC Sues Crypto Broker Owner, Salesmen for Alleged Fraud
The firm’s owner Brian Amoah and two other staff weren’t registered as broker-dealers Investors were charged undisclosed markups and weren’t told about financial troubles with BXY’s issuer The Securit...
Nikola founder Trevor Milton stands trial on fraud charges
CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy ...
Brother of Former Coinbase Executive Pleads Guilty to Crypto Wire Fraud Insider Trading Charge: Report
One of the suspects in the first ever insider trading case involving crypto assets is reportedly pleading guilty to a scheme that allegedly brought him and his co-conspirators $1.5 million in illicit ...
Coinbase Exec’s Brother Pleads Guilty to Cryptocurrency Wire Fraud
The U.S. Department of Justice released a statement on September 12 reporting that Nikhil Wahi, brother of ex-Coinbase product manager Ishan Wahi, pleaded guilty to committing cryptocurrency wire frau...
Nikola Founder Faces Securities-Fraud Trial Over Promises About Electric Trucks
Trevor Milton, the Nikola founder who enticed auto-industry leaders and investors with his promise for a revolution in electric trucks, faces a securities-fraud trial beginning this week on allegation...
MicroStrategy whistleblower gives startling insights about Michael Saylor in $25 tax fraud lawsuit
Join Our Telegram channel to stay up to date on breaking news coverage The District of Columbia famously filed a civil lawsuit on August 31 alleging that Michael Saylor, the leading proponent of Bitco...
Crypto Ponzi scheme mastermind pleads guilty to $100m fraud allegation
Join Our Telegram channel to stay up to date on breaking news coverage According to the Department of Justice, an employee of a crypto firm, EmpiresX, has pleaded guilty to an allegation of engaging i...
EmpiresX Trader Pleads Guilty In $100M Crypto Fraud – crypto.news
A Florida-based trader has pleaded guilty for his role in a global crypto Ponzi scheme that defrauded investors of approximately $100 million, according to a statement by the U.S. Department of Justic...