The U.S. Attorney’s Office has convicted a man who allegedly defrauded investors out of thousands of dollars in a crypto scheme. The accused, Asa Saint Clair, fronted as the president of World Sports ...
Tag: Fraud
Former Apple employee charged with defrauding $10 million
A former Apple employee has been charged with defrauding the tech giant out of more than $10 million by taking kickbacks, stealing equipment and laundering money, federal prosecutors said. Dhirendra P...
Guilty: Fake UN Associate Revealed As Culprit In Crypto Fraud
A Washington resident, Asa Saint Clair, was found guilty of wire fraud for devising an investment scheme that defrauded over 60 victims. As per the culprit, “World Sports Alliance” was an associate of...
Head of Fake United Nations Affiliate Convicted of Crypto Fraud
Alex Dovbnya The president of a sham UN affiliate that defrauded investors with the help of a fake cryptocurrency is now facing up to 20 years behind bars Asa Saint Clair, the president of a fake Unit...
Hamas Bans Forex Trading amid Growing Complaints of Fraud
The Hamas government in Gaza has reportedly banned trading in the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses ...
How do crypto monitoring and blockchain analysis help avoid cryptocurrency fraud?
The primary functions of a blockchain analysis tools include address classification, providing investigation tools, monitoring transactions and risk analysis. The ability to link blockchain addresses ...
The Untold Story Of How A YouTube Rapper Became A Suspect In A $4 Billion Bitcoin Fraud
Forbes reveals how a self-styled marketing guru from small-town America and her husband became heist suspects – as an analysis suggests the couple still has access to stolen bitcoin, including some th...
Friendly fraud warning as resurgent travel businesses explore new crypto horizons
Few industries are as competitive as international travel. An innumerable array of airlines, hotels, and tourist agencies vie for the custom of would-be vacationers, each trying to outdo the other in ...
SEC Announces Fraud Charges against 5 Individuals in $58 Million Scheme
The US Securities and Exchange Commission (SEC) recently announced fraud charges against five individuals for allegedly operating a call center in Medellin, Colombia. According to the authority, high-...
Crypto Investments Carry ‘Significant Risks of Fraud, Theft, and Loss,’ Says U.S. Department of Labor
The U.S. Department of Labor (DOL) is warning investment firms to “exercise extreme care” before adding crypto to their retirement plans. In a new statement, the department says it has serious concern...
DOJ Has Brought Charges Over $8 Billion In Alleged Fraud From Covid Relief
Topline The Department of Justice said Thursday it had brought civil and criminal enforcement actions involving $8 billion worth of alleged fraud stemming from Congress’ $2 trillion coronavirus relief...
SEC Slaps Siblings With Fraud Charges in Alleged $124,000,000 Crypto Scam
A brother and sister who traveled the world as part of a lavish crypto lifestyle are now facing a reckoning at the hands of the United States criminal justice system. In a new press release, the U.S. ...
Crypto Scams Second Biggest Type of Fraud, Report Reveals
Cryptocurrency scams have the dubious honor of now being the second most popular way of defrauding consumers, a report says. The Better Business Bureau (BBB) Scam Tracker showed that cryptocurrency sc...
SEC Bites Siblings In $124 Million Cryptocurrency Fraud
SEC stated that a sister and brother duo were involved in a fraud, deceiving thousands of investors in a $124 Million fraud. The duo also commenced Ormeus Global, a multi level marketing business, whe...
U.K. High Court Grants First Third-Party Debt Order for ICO Fraud Case
Two plaintiffs were granted three key injunctions against a fraudulent Scottish entity misusing funds contributed as part of an initial coin offering (ICO). The U.K. High Court has granted the first t...
Brothers Have Been Arrested In Connection With Such A $124 Million Fraud Allegations Involving A Mining Coin
The Securities and Exchange Commission (SEC) charged John Albert Loar Barksdale and his sister JonAtina (Tina) Barksdale with breaking federal securities laws and cheating at least 12,000 retail inves...
Crypto Scam: SEC Slaps Siblings With $124 Million ‘Snake Oil’ Fraud Charge
A cryptocurrency entrepreneur and his sister have been charged by US officials with crypto scam on Wednesday, accusing them of defrauding retail investors of millions of dollars using a bogus cryptocu...
Ormeus Coin promoters charged over $124M crypto fraud
TL;DR Breakdown: The SEC charged Ormeus Coin promoter for defrauding investors of over $124 million. They falsely claimed that the crypto project runs a $250 mining operation that generates at least ...
Siblings charged over mining coin that turned into alleged $124M fraud
A pair of siblings is now in very hot water with the U.S. government with criminal charges filed against them for allegedly committing fraud in the Ormeus Coin scheme. On Mar. 8, the Securities and E...
SEC Charges ‘Snake-Oil Salesmen’ Siblings With $124M Crypto Fraud
In brief Siblings John and JonAntina (Tina) Barksdale ran a cryptocurrency project called Ormeus Coin. But it was a scam, the SEC alleges, and conned investors out of $124 million. The SEC today hit “...
SEC Charges Siblings With Fraud Exceeding $124M
Key Takeaways The SEC has charged John and JonAtina Barksdale with fraud in excess of $124 million for an alleged cryptocurrency scam. The siblings have been accused of misleading and lying to investo...
Three men charged for alleged $40 million crypto investment fraud
advertisement Dwayne Golden, Gregory Aggesen and Marquis Demacking Egerton were charged Tuesday for financial crimes such as fraud and money laundering while operating three crypto endeavors called Em...
Siblings face fraud charges for alleged ‘Ormeus Coin’ crypto scheme
advertisement John and Tina Barksdale were charged Tuesday for alleged securities fraud, wire fraud and conspiracies to commit both by selling a cryptocurrency called “Ormeus Coin.” According to a re...
Siblings Charged With Scamming 12,000 Investors Out Of $124 Million In Crypto Fraud
Topline U.S. authorities on Tuesday filed criminal charges against a cryptocurrency entrepreneur and levied separate charges against him and his sister for allegedly defrauding thousands of retail inv...
Siblings face fraud charges for by alleged ‘Ormeus Coin’ crypto scheme
advertisement John and Tina Barksdale were charged Tuesday for alleged securities fraud, wire fraud and conspiracies to commit both by selling a cryptocurrency called “Ormeus Coin.” According to a re...
fraud prevention platform nSure.ai announces $18 million Series A Funding
Fraud-prevention intelligence platform nSure.ai, recently announced the raise of $18 million in Series A funding, in a round that was led by MoreTech Ventures, and included participation from Disrupti...
Founder of Crypto Enterprise Bit Connect Charged with Fraud
Satish Kumbhani – the founder of cryptocurrency investment company Bit Connect – has been charged with conspiracy to commit wire fraud and conspiracy to commit commodity price manipulation amongst oth...
BitConnect founder absconding in $2.4b in crypto fraud case
BitConnect founder Satish Kumbhani is reported missing in the BitConnect fraud case He has probably fled to a foreign country from the US It was the most talked about project during its ICO time in ...
BitConnect Founder Charged With Masterminding $2.4 Billion Fraud
It will just be a matter of time until authorities catch up on BitConnect founder Satish Kumbhani and face the charges against him. Kumbhani was accused by a US federal grand jury for orchestrating a ...