According to Israeli media ‘Posta’, Germany requested the extradition of 2 Israeli citizens, Timur Rohlin and Tal Aharon. The Israeli citizens are suspected to have defrauded German invest...
Tag: Fraud
CFTC Charges Two Florida Residents and Their Firm with $19 Million Futures and Forex Fraud
The Commodity Futures Trading Commission ( CFTC CFTC The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and...
Fraud in Crypto Apps Has Never Been Higher
A recent survey by Pew Research showed more than 86% of Americans that are now aware of cryptocurrency, and the number of cryptocurrency users is now estimated at more than 300 million. Growth of awar...
SEC’s new avatar asks Bitwise for clarity over prevention of fraud in ETF application
The United States Securities and Exchange Commission (SEC) continued to delay decisions on Bitcoin exchange-traded funds (ETF). Last year in December, the SEC postponed two major Bitcoin exchange-trad...
Wonderland DeFi Protocol to Shut Down After Fraud
The Wonderland DeFi Protocol has announced its closure after revealing that its treasury manager was a convicted felon. Wonderland was thrown into disarray after a Person on Twitter revealed 0xSifu’s ...
CFTC Charges ROFX and 5 Promoters for $58 Million FX Fraud
The Commodity Futures Trading Commission (CFTC) has continued its bust against fraudulent investment schemes and recently filed a civil enforcement action against five individuals and five companies f...
Asian Company Uses Blockchain Technology to Prevent Fraud With COVID-19 Vaccines
The Asia-based medical services company Zuellig Pharma has developed a blockchain platform to improve its vaccine tracking service and prevent accidents that could compromise the public’s health. eZTr...
‘No one is above the law’: Oil tycoon tried to stiff his ex-wife in a bitter divorce — now he’s going to prison for tax evasion
Todd Kozel made his riches in the oil fields of Kurdistan and now will have to pay the price. The once-jet-setting co-founder and chief executive of Gulf Keystone Petroleum is headed to prison for fiv...
‘We See Mountains of Fraud in This Area’ – Regulation Bitcoin News
A special agent with the Internal Revenue Service (IRS) says the tax agency is “seeing mountains and mountains of fraud” in the cryptocurrency space. The IRS criminal investigation unit is trying to t...
IRS Called Cryptos And NFTs A Mountain Of Fraud
The IRS is hot on the trails of cryptocurrency and non-fungible tokens. They see these as fertile grounds for fraud, including tax evasion, market manipulation, and money laundering. Unfortunately, wh...
IRS official highlights increase in fraud amid crypto adoption
TL; DR Breakdown IRS official talks fraud and crypto adoption at a virtual event Crimes are on the rise in the crypto sector Korner highlights market manipulation The issue of scams and hacks in the c...
Crypto’s the future but there are ‘mountains of fraud’
A top special agent from the Internal Revenue Service has told a conference that NFTs and crypto are the “future” but highlighted that fraud and manipulation is still rampant in the space. Ryan Korner...
Why The IRS Sees “Mountains Of Fraud” In Crypto And NFTs
As it grows, the crypto industry and its sectors attract more attention from regulators and political actors. In the United States, this industry seems poised for more hostility from the current admin...
SEC Charges Financial Advisor in $5.8 Million Fraud
The Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange...
Trump Family Threatens Legal Action Against ‘Fraud’ TrumpCoin ⋆ ZyCrypto
Advertisement     TrumpCoin (TRUMP), an altcoin all but unknown since it appeared in February 2016, has caught the attention of the former President Donald Trump’s fam...
Can NFT-Based Identities Combat Vaccine Fraud?
As the pandemic continues to rage throughout Europe, governments are forced to navigate a tricky path with competing forces on different sides. In a bid to avoid the kind of all-out draconian lockdown...
Opinion: ‘Better than a 401(k)’? Scammer blew through more than $5 million of investors’ money earmarked for retirement
According to the Securities and Exchange Commission, Marco “Sully” Perez of Midland, Texas, used to tell his clients that his investment scheme was better than a 401(k). Now the U.S. District Court in...
Pennsylvania Supreme Court Blocks Voting Machine Inspection In GOP Election Audit
Topline The Supreme Court of Pennsylvania blocked a third-party company from inspecting voting machines supplied by Dominion Voting Systems in Fulton County on Friday, at least temporarily, amid a con...
CEO admits stealing $15 million from her company to finance clothing boutique, Plaza Hotel visits, and $200K on relative’s wedding
That’s some high-end embezzlement. The U.S. chief executive of a German saw-blade manufacturer has pleaded guilty to stealing $15 million from the company to bankroll a luxury clothing and furniture b...
South African Police Launch Investigation into Alleged Crypto Fraud
The police in South Africa are looking into a possible crypto scam case after an investment company attempted to reimburse some investors from the now-defunct Africrypt exchange. Police Launch Closer ...
Founder of nationwide tax-prep firm sentenced to prison for skimming $70 million in exorbitant fees over a 5-year period
Talk about a tax burden. The founder of a nationwide tax preparation chain has been sentenced to a year and a day in prison for running a tax refund advance scheme that fleeced customers with $70 mill...
Tackling the Issues of Fraud on the Blockchain
The cryptocurrency space is no longer the wild wild west of finance. Less than a couple of years ago, institutions were wary of entering, mainly because many of the projects were in a proof-of-concept...
Australian “Man Behind The Machine” Alleged By SEC In $41M Crypto Fraud
The U.S. Securities and Exchange Commission or SEC, has alleged an Australian man who goes by the name “Man behind the Machine” in his social media, of participating in a fraudulent crypto scam that r...
SEC Charges Australian ‘Man Behind the Machine’ in $41M Crypto Fraud Scheme – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has charged an Australian citizen who called himself the “Man behind the Machine” in a fraudulent crypto scheme that raised almost $41 million. He and...
SEC charges Craig Sproule with Fraud
TL; DR Breakdown The SEC charged a crypto startup and its proprietor with fraud. Most traders consider ICO as a fraud. The Securities and Exchange Commission [SEC] has charged Craig Sproule with fraud...
SEC Charges Crypto Firm Crowd Machine Founder With ‘Fraud and Unregistered’ ICO Offering
According to the Securities and Exchange Commission, Craig Sproule, the founder of Crowd Machine, defrauded investors out of their money, reports Yahoo Finance. For fraud investors about how he planne...
US SEC Charges Australian Man for $41M ICO Fraud
The US Securities and Exchange Commission (SEC Securities and Exchange Commission (SEC) The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the ...
How Many Years Could Elizabeth Holmes Face in Prison? Decades, in Theory
Elizabeth Holmes’s potential prison term for defrauding investors, like her company’s blood-testing technology, will likely fall short of what is advertised, according to an analysis of federal data b...
India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price vo...