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Tag: Fraud
Michael Saylor and MicroStrategy Sued for Tax Fraud
Key Takeaways The District of Columbia is suing Michael Saylor and MicroStrategy for alleged tax fraud. D.C. Attorney General Karl Racine announced the suit on Twitter today, accusing Saylor of avoidi...
Bitcoin Bull Michael Saylor Sued For Allege Tax Fraud
Bitcoin investor and founder of software company MicroStrategy Michael Saylor are being sued for alleged tax fraud, according to a complaint filed by the United States D.C. Attorney General Karl Racin...
Bitcoin maximalist Michael Saylor sued by DC Attorney General for tax fraud
Washington DC Attorney General Karl Recine has announced new charges against former MicroStrategy CEO and Bitcoin (BTC) proponent Michael Saylor over alleged tax fraud. In a series of tweets posted o...
Crypto Exchange Founder Wanted for $2 Billion Fraud Arrested in Albania
Faruk Fatih Özer, the founder of the now defunct cryptocurrency exchange Thodex, who reportedly vanished with $2 billion in digital assets belonging to investors, has been arrested by Albanian authori...
US Congress sends 5 major crypto exchanges letter inquiring how they are combatting crypto fraud
Five prominent cryptocurrency exchanges in the U.S. received letters from Congress requesting information about their steps to combat crypto fraud. The inquiries are part of the latest push from Congr...
Lawmakers Probe Coinbase, Binance, FTX Over Crypto Fraud
Five major cryptocurrency exchanges have been requested to submit documents to the US lawmakers Federal agencies were asked whether crypto holdings should be treated as commodities, securities, or bot...
China Arrests Hundreds in Nation’s Biggest-Ever Bank Fraud Probe
(Bloomberg) — China arrested hundreds of people allegedly involved in the nation’s largest ever bank fraud and started repaying more victims of the $5.8 billion scandal, in a bid to maintain soc...
Latvian Brought Back to US in Case of Wire Fraud Involving Crypto Investments
Ivars Auzins, a resident of Latvia, a tiny country in the Baltics, was extradited to the US on Friday. A six-count indictment accusing the Latvian of wire fraud, securities fraud, and conspiracies to ...
Crypto Scam: UK Shuts Down 2 Companies Engaged In Crypto Fraud
Crypto scam is a pain in the neck for governments around the globe. It involves a huge amount of money and as technology advances, so do the tricks fraudsters employ behind the scheme. British authori...
Latvian Extradited to US for Wire Fraud Involving Crypto Investments – Bitcoin News
A Latvian national has been handed over to the United States where he is accused of fraud through several companies offering false crypto investment opportunities. Ivars Auzins will appear in a federa...
UK government shuts down two firms suspected of crypto fraud
The UK government has ordered the closure of two companies engaging in crypto-related fraud. The UK government said that an inquiry into the two companies showed that they had engaged in a £1.3 millio...
UK High Court Issued Notice On Two Companies Indulged in Crypto Fraud
Micasa along with associated company Remultex received the order of shutting down the companies. The United Kingdom, in an official press release, noted that Two companies fumbled the bag during...
A Tale Of Epic Fraud
By Gary Weiss Hachette Books How bad is the worst thing you’ve ever done at work? Maybe you “borrowed” a few pens and paper for your kids. Perhaps, you “fudged” some expenses. And maybe you now feel g...
U.S. Department of Justice to prosecute three Miami residents for crypto fraud
Three residents of Miami have been accused of engaging in a fraudulent crypto scheme by the United States Department of Justice (DOJ). Esteban Cabrera Da Corte, Luis Hernandez Gonzalez, and Asdrubal R...
Latvian National Extradited to the U.S for Crypto and Wire Fraud
Ivars Auzins, a Latvian citizen, accused of committing securities and wire fraud using eight companies that were alleged to mine or invest in crypto assets, was extradited to the United States to face...
UK High Court Slams Door on Two Companies Engaged in Crypto Fraud
On Friday, the United Kingdom government announced that an insolvency inquiry into Micasa WW Ltd and Remultex Ltd showed that between February 2019 and December 2020, the companies engaged in bitcoin ...
Mark Meadows Pushed To Testify In Georgia Voter Fraud Probe
Topline A Georgia prosecutor is seeking testimony from President Donald Trump’s onetime chief of staff Mark Meadows and attorney Sidney Powell before a Georgia grand jury investigating efforts to over...
Indian Police Manhunt for Bitconnect Founder after US Indictment for Fraud
After receiving a complaint from many bitcoin investors that their funds had been stolen by a worldwide cryptocurrency Ponzi scam, the authorities in India have begun an investigation into Bitconnect ...
Estonian Regulator accuses CoinMetro of Tax Fraud – crypto.news
According to the Estonia Tax Administration Board, CoinMetro, an exchange with thousands of customers, might have committed tax fraud. However, the financial regulator is yet to prove their findings, ...
Synapse Network backs users against fraud with a profit or…
With more than $48 billion locked into DeFi protocols, the decentralized finance market is actively building financial use cases for blockchain technology. But with a reported 79 percent increase in c...
Israel Busts Crypto Laundering Op Over French Covid Relief Fraud
Alleged fraudsters in France reportedly set up hoax businesses to receive governmental COVID-19 relief The funds were then sent to suspected money launders in Israel, who washed them via cryptocurrenc...
Elon Musk in Attacking Mood: Accuses Twitter of Fraud
The Counterclaim by Musk Elon Musk, the CEO of Tesla, has filed a countersuit against Twitter accusing the social media platform of fraud. To compel him to complete the 44 billion USD purchase of the ...
South Korea Takes 3 Suspects In For Multi-Billion Crypto Fraud
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto indu...
OpenSea Updates Policy to Tackle NFT Fraud and Theft – crypto.news
OpenSea non-fungible tokens (NFTs) and digital collectibles marketplace has updated its policy in a bid to combat the sale of stolen NFTs on the platform. The new policy requires OpenSea users to subm...
Former JP Morgan executives convicted of fraud
Gregg Smith and his colleague Michael Nowak, both former JP Morgan executives at the time of the events, were convicted of fraud for manipulating prices in the precious metals market and spoofing in a...
Elon Musk drags Twitter to court for fraud 1
Elon Musk has leveled accusations bordering on fraud against Twitter in a lawsuit he filed against the company. This lawsuit is a counter sue in which the billionaire is asking the court to look throu...
Elon Musk Claims Twitter Committed Fraud In $44 Billion Deal Countersuit
Elon Musk and Twitter are set for another court showdown as the billionaire launches a countersuit against the social media giant, which sued him for canceling the $44 billion contract to acquire the ...
Elon Musk Accuses Twitter of Fraud in Countersuit Over $44B Deal — Twitter Subpoenas Binance and Other Firms – Featured Bitcoin News
Tesla CEO Elon Musk has accused Twitter of fraud in his countersuit against the social media company. Twitter filed a lawsuit against the billionaire to force him to go through with the $44 billion de...