A former financial advisor was sentenced to nearly 22 years in prison for operating a Ponzi scheme that swindled $9.3 million from investors, according to the U.S. Attorney’s Office for the Northern D...
Tag: Fraud
Dropil Founders Sentenced In A $1.9 Million ICO Fraud
Founders of Dropil, a defunct digital assets company, Jeremy McAlpine and Zachary Matar, are convicted in a U.S Federal prison. They are reportedly involved in an ICO scam that defrauded more than 2,0...
Arrests Made Relating to Three Crypto Fraud Cases
Several individuals have been arrested on charges relating to three separate instances of crypto fraud, one of which may have involved the largest non-fungible token (NFT) scam to date. As much as $13...
Two Men Bag Three Years in Prison for $1.9M ICO Fraud
The United States Department of Justice (DOJ) announced Monday that two men from Orange County who both coordinated a $1.9 million initial coin offering (ICO) fraud have been sentenced to federal pris...
Senator Prompts Regulators to ‘Do More’ to Combat Crypto Scams and Fraud
The chairman of the Senate Banking Committee called out the risks of crypto on Thursday, expressing a need from regulators to protect the public from scams and fraud. “Bitcoin can be used for old-time...
Apple And Google Under Senate Scrutiny For Crypto App Fraud
Following a Federal Bureau of Investigation (FBI) warning on crypto-related fraud, a member of the U.S. Senate has questioned two of the biggest companies in the world, Apple and Google. Senator Sherr...
Google, Apple Asked to Review Protections Against Crypto App Fraud
Google and Apple are being pressed on how they police crypto-related fraud in mobile applications hosted on their app stores Letters issued to the tech giants’ CEOs are part of Sen. Brown’s wider prob...
U.S. Bank workers opened fake accounts to meet sales goals, feds say
NEW YORK — For more than a decade, U.S. Bank pressured its employees to open fake accounts in their customers’ names in order to meet unrealistic sales goals, the Consumer Financial Protection Bureau ...
Trump Threatens To Sue CNN And Other Outlets For Dismissing His Voter Fraud Claims
Topline Former President Donald Trump said Wednesday he intends to sue CNN and “other media outlets” that reported he was wrong to suggest there was widespread fraud in the 2020 presidenti...
Titanium CEO – Michael Stollery Pleads Guilty to 21 Million USD Securities Fraud –
Michael Stollery – Fraudster or a Mastermind Back in the year 2017-18 a complaint was filed against Michael Alan Stollery – CEO of Titanium Blockchain Infrastructure Services, Inc. and EHI Internetw...
Titanium Blockchain CEO Pleads Guilty to Securities Fraud
The U.S. Department of Justice announced today that Michael Stollery, the CEO of Titanium Blockchain Infrastructure Services (TBIS), has pleaded guilty for his role in a scheme that brought in $21 mil...
Okcoin warn of ‘elder fraud’ following recovery of $1M in stolen crypto
In a recent blog post, San Francisco-based crypto exchange Okcoin warned about “elder fraud,” adding that the elderly are the highest risk group affected by online scams. Following an investigation, t...
Do Kwon Dogged by Fraud Allegations in South Korea
Terraform’s co-founder and former vice president have been issued travel ban notices Co-founder Shin Hyun-seung’s residence was raided by prosecutors last week Do Kwon, the now-infamous founder of the...
Titanium Blockchain Pleads Guilty In $21M Crypto Securities Fraud
Titanium Blockchain Infrastructure Services (TBIS) has pled guilty to a securities fraud of over $21 million crypto scam. The US Department of Justice had announced that Michael Alan Stollery, CEO and...
CEO of Titanium Blockchain Pleads Guilty to Securities Fraud
In a case stretching back as far as 2018, Michael Alan Stollery – the CEO of Titanium Blockchain Infrastructure Services (TBIS) – was accused of securities fraud by the SEC due to the way the ICO of h...
Titanium Blockchain’s CEO Pleas Guilty of ICO Fraud worth $21m
Michael Alan Stollery, CEO of Titanium Blockchain Infrastructure Services Inc. (TBIS), has admitted of involving multiple fraudulent accounts in a 2018 initial coin offering (ICO). In May 2018, Stolle...
Crypto CEO pleads guilty to ICO fraud, claimed Disney, Apple partnerships
A crypto CEO who fabricated links to Disney, Pfizer, and Apple in order to shill $21 million worth of his own company’s token pleaded guilty to securities fraud last week. 54-year-old Michael Alan Sto...
Do not leave any paper trail: how a group of sovereign citizens used a phony credit repair business to amass a real estate empire
Bad credit? No problem. A group of alleged scam artists have been charged with running a fraudulent credit repair business and then using their clients’ identities to get mortgages on millions of doll...
Crypto CEO Who Faked PayPal Partnership Pleads Guilty For $21M Fraud
Michael Alan Stollery faked Titanium’s business relationships with the Federal Reserve, PayPal and others, authorities say He used funds raised from the project’s ICO for credit card payments and bill...
Titanium Blockchain Chief Pleads Guilty In $21 Million Crypto Fraud Scheme: US Department of Justice
– Advertisement – CEO of fraudulent crypto firm pleads guilty to securities fraud. A press release by the US Department of Justice (DoJ) on Monday reveals that the CEO of Titanium Blockc...
Indian brothers to face crypto fraud charges in the US
According to reports, two Indian brothers, Ishan Wahi and Nikhil Wahi have been arrested over crypto fraud allegations. The reports revealed that the two siblings, alongside their accomplice, Sameer R...
My Big Coin founder convicted of cryptocurrency fraud
The founder of a defunct, Nevada-based cryptocurrency company, My Big Coin, was convicted of bilking investors out of more than $6 million by marketing and selling a fraudulent virtual currency that h...
Users of payment services like Zelle need better scam protection, Dems tell CFPB
It should be easier for consumers defrauded via popular instant payment services like Zelle to seek redress, since money-transfer scams are reportedly growing more common, a group of Democratic lawmak...
UK Prosecutor Convicts Four for $25.2M Crypto Fraud
Four men have been convicted for fraudulently obtaining and laundering crypto assets worth 21 million pounds ($25.2 million) from an Australian crypto exchange. Four Convicted for $25.2M Crypto Fraud ...
Atlanta Film Producer Pleads Guilty to $2.5M Crypto Fraud
An Atlanta film producer has recently pleaded guilty to wire fraud and money laundering charges for promoting fraudulent crypto investment schemes that defrauded investors of over $2.5 million. Man Pl...
Founder of ‘My Big Coin’ Convicted After $6 Million Worth Fraud
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DOJ Convicts ‘My Big Coin’ Founder of Crypto Fraud Over $6M
13 seconds ago | 2 mins read Bitcoin News The coins were not secured by gold or even other valuable assets as claimed. CFTC also brought allegations against Crater and My Big Coin in 2018. It was stat...
Crypto Industry Has Lost $42.7 Million Due To Crypto Cyber Fraud: FBI –
Number of cyber frauds is increasing day by day Some applications are highly associated with the fraud The Federal Trade Commission (FTC) is worried about increasing crypto frauds and has passed a c...
Crypto Payments Firm Founder Convicted of Running $6,000,000 Fraud Scheme: DOJ
The founder of a crypto payments firm is being convicted of defrauding investors out of millions of dollars. According to a new Department of Justice (DOJ) press release, Randall Crater, the founder o...
American Film Producer Pleads Guilty to $2.5M FLiK and CoinSpark ICO Fraud
The United States Department of Justice (DOJ) disclosed on Thursday that Ryan Felton, a 48-year-old film producer, pleaded guilty to the promotion of two fraudulent cryptocurrency schemes that led to ...
Three Arrows Capital Founders Finally Speak From Undisclosed Location, Refute Claims Of Fraud
– Advertisement – Three Arrows Capital Founders Finally Spoke. The founders of the collapsed crypto hedge fund 3AC have shared their side of the story from a hidden location in the UAE, ac...