The Hawks, a South African police unit, have arrested 57-year-old Zain Muhammed Valle and 25-year-old Michelle Bianca Bezuidenhout for an alleged R34 million (Approx. $2.1 million) cryptocurrency scam...
Tag: Fraud
Ex-Giuliani Associate Parnas Sentenced To 20 Months In Prison For Fraud And Campaign Finance Violations
Topline Lev Parnas will face 20 months in prison on campaign finance and wire fraud charges, a federal judge ruled Wednesday, closing out a criminal case against a Ukrainian-American businessman whose...
Voter Fraud Believer—Indicted For Election Tampering—Loses GOP Nomination For Colorado Secretary Of State
Topline Former county clerk Pam Anderson has won the Republican nomination for Colorado secretary of state, the Associated Press projected Tuesday night, easily defeating Tina Peters, a county electio...
Voter Fraud Believer—Indicted For Election Tampering—Seeks GOP Nomination For Colorado Secretary Of State
Topline A Colorado county official who has spread unproven voter fraud claims—and was indicted earlier this year for allegedly tampering with county voting machines—is vying Tuesday for the Republican...
Crypto Lender Nexo Denies Fraud, Issues Cease And Desist Notice
Nexo on Sunday dismissed recent allegations of fraud against the crypto lender, calling them “fake news.” The firm also issued a “Cease and Desist” notice on its website. Nexo’s response was directed ...
Terra’s Do Kwon: ‘There Is a Difference Between Failing and Running a Fraud’
Do Kwon, the co-founder of Terraform Labs, said that he was “devastated” by last month’s collapse of the TerraUSD (UST) stablecoin and its sister token LUNA, expressing his hope that thousands of inve...
Do Kwon Interview Explains He’s ‘Devastated’ by LUNA Collapse, Says ‘There’s a Difference Between Failing and Fraud’ – Bitcoin News
During a recent interview with the Wall Street Journal (WSJ), Terraform Labs (TFL) founder Do Kwon said he was “devastated” by the LUNA and UST implosion that took place in mid-May. He told the WSJ th...
Improving NFT Sales and Fraud Prevention Without Compromising Security
The NFT industry has enjoyed exponential growth to become a multibillion-dollar market in recent years. Rare collector’s items are worth several hundred thousand dollars. Although popularity is at an ...
Nikola founder Trevor Milton faces new federal fraud charge tied to ranch purchase
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 ...
Arizona Speaker Says Trump Lied That He Backed Fraud Claims
Topline Arizona House Speaker Rusty Bowers (R) testified to the January 6 committee a statement that former President Donald Trump sent out Tuesday claiming Bowers told him “the election was rigged,” ...
Trillion-dollar crypto collapse sparks flurry of US lawsuits – who’s to blame?
With investors worldwide looking at a $1.5 trillion in recent cryptocurrency losses, a blizzard of class-action lawsuits are being prepared. One big question is: who, if anyone, is to blame ? See: Bit...
GOP Officials In New Mexico County Relent And Certify Election Results After Trump-Inspired Fraud Concerns
Topline Commissioners in Otero County, New Mexico, voted 2-1 Friday afternoon to certify the results of a recent primary election, reversing course after their unanimous vote earlier this week to bloc...
Dogecoin investor sues Elon Musk, Tesla, SpaceX for $258 billion, claiming ‘pyramid scheme’
A dogecoin investor is suing Elon Musk and two of his companies, Tesla Inc. and SpaceX, for $258 billion, accusing them of operating a “pyramid scheme” to inflate the price of the cryptocurrency. The ...
Musk Faces Lawsuit Over Alleged Dogecoin Fraud
It is already well established that any positive activity around Elon Musk and Tesla often boosts Dogecoin’s price almost instantly. In a latest development, a U.S. citizen is charging Musk with alleg...
OpenSea Secures Its Platform Further Against NFT Fraud and Scams – crypto.news
OpenSea, the most popular NFT marketplace announced on Tuesday that it has released a new feature against the increasing rate of NFT fraud and hacks. The platform took the step when it noticed that us...
Terra’s Do Kwon Is Being Investigated for Tax Fraud
Key Takeaways South Korean prosecutors are investigating Terraform Labs CEO Do Kwon for tax evasion, according to local reports. The prosecution recently conducted a search and seizure of the Seoul Re...
OpenSea Tightens Security To Prevent NFT Scams And Fraud
The largest NFT marketplace OpenSea on Tuesday said it has launched a new feature to prevent the growing number of NFT scams, fraud, and hacks on OpenSea. The new feature will automatically hide suspi...
The investor who spotted Madoff’s fraud early has a whole new worry
Edward Thorp is an investing and mathematical legend — from spotting Bernie Madoff’s fraud as well as identifying Warren Buffett’s investing acumen early, to coming up with blackjack game theory. Of a...
Jan. 6 Lawmaker Claims Trump’s Family Benefitted From Voter Fraud Fundraising.
Topline Former President Donald Trump’s advisor Kimberly Guilfoyle—also the fiancée of his son, Donald Trump Jr.—was paid $60,000 for a brief speech at a Trump rally on the morning of January 6, 2021,...
Class Action Suit Accuses Binance.US Of Securities Fraud For Misleading LUNA/UST Investors ⋆ ZyCrypto
Advertisement     A group of unhappy investors of Terra tokens is bringing a class action lawsuit against Binance.US, the American arm of the world’s largest crypto ex...
Genuine mistake or fraud? That’s the question Terra’s Do Kwon needs to answer
Do Kwon pleads his innocence on his twitter feed after latest reports condemn him for cashing out $2.7 billion. The Terraform Labs CEO is already facing an investigation from the SEC and South Korean ...
How the Feds Are Prosecuting NFT Insider Trading Scheme as Wire Fraud – and Why That Matters
According to the indictment, Chastain took advantage of the way OpenSea promotes NFTs on its site. Multiple times per week, OpenSea lists “featured NFTs” on its homepage. Featured NFTs usually appreci...
Terraform Labs Co-Founder Denies Accusations of Fraud
Alex Dovbnya Terraform Labs wasn’t aware of any flaws in its algorithm, co-founder says Terraform Labs co-founder Daniel Shin recently told the Financial Times that the company wasn’t aware of “...
Terraform Labs Co-Founder Dismissing Allegations Regarding Fraud: Says Had No Idea Of Any Flaws
Daniel Shin, co-founder of Terraform Labs, denying all the fraud allegations, said that the company had no clue about any flaws in the algorithm of the blockchain. Shin is among the most acclaimed te...
Trump To Testify July 15 In New York Fraud Investigation
Topline Former President Donald Trump and his two oldest adult children are set to testify starting July 15 in New York Attorney General Letitia James’ (D) probe into allegations of financial fr...
Ex-IPS Officer Charged for Multi-Million Cryptocurrency Fraud
5 hours ago | 2 mins read Editors News The fraudulent digital wallets held roughly 34 cryptocurrencies. The funds are worth 6 crores rupees ($7,72,471). An official said on Tuesday that the Pune polic...
Reality TV stars Todd and Julie Chrisley found guilty on fraud, tax-evasion charges
ATLANTA — Todd and Julie Chrisley, stars of the reality television show “Chrisley Knows Best,” were found guilty Tuesday in Atlanta on federal charges including bank fraud and tax evasion. The Chrisle...
Chrisleys Are Convicted Of Tax Evasion & Bank Fraud, Don’t Know Best
Todd and Julie Chrisley were indicted in August 2019 on a raft of a federal tax and bank charges, and a new indictment was filed in February of 2022. They were just convicted of all charges by a jury ...
FTC Reports Consumers Lost $1 Billion to Crypto Fraud Last Year
American consumers lost over $1 billion to cryptocurrency-related fraud over the course of the past year, according to a recent report from the Federal Trade Commission. According to the FTC’s latest ...
Consumers Lost Over $1B to Crypto Fraud Since January 2021, FTC Says
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South Africa Charges Former Monero Lead Developer With 378 Counts of Fraud and Forgery – Regulation Bitcoin News
Former Monero lead maintainer, Riccardo Spagni, faces over 370 counts of fraud, forgery, and uttering. The charges against the developer stem from fraudulent activities he allegedly committed when he ...
Monero co-founder “Fluffypony” charged with 378 charges of fraud
The South African government has announced it has charged Riccardo Spagni also known as “Fluffypony” with 378 counts of fraud, forgery, and uttering in a 1.5-million South African Rand dispute with hi...