Shares in troubled Adani Enterprises gyrated Friday, tumbling 30% and then rebounding after more than a week of heavy losses that have cost it tens of billions of dollars in market value. The company,...
Tag: Fraud
Middlesex County Citizen Falls Victim to Crypto Fraud
A resident of Middlesex County in the United Kingdom has fallen victim to crypto fraud and lost more than $100K at the time of writing. Fraud Continues to Be a Big Problem Police authorities suggest t...
U.S DOJ Probes Silvergate For Fraud Over FTX Dealings, Stock Drops 22%
– Advertisement – The fraud unit of the Department of Justice has launched a probe into Silvergate Bank. The prosecutors are looking into the bank’s dealings with FTX and Alameda Research...
One Year Later: Federal Investigators Eyeing Squiggles NFT Creators For Wire Fraud & Money Laundering
It’s been a year since we first covered the story surrounding Squiggles, an NFT rugpull that was traced down with a full-fledged manifesto. The NFT market has seen so much come and go since this time,...
Exchange CEO arrested in fraud allegations – Cryptopolitan
Authorities have arrested Crypto Exchange Bitzlato CEO for crimes related to fraudulent activities. In the published statement, the exchange CEO also doubles as the sales executive and director of the...
Apple App Store and Google Play allegedly infested with crypto fraud apps
Sophos, a cybersecurity firm, has revealed that operators of high-yielding investment schemes known as ‘pig butchering’ have discovered a way to evade security measures in Google Play and Apple’s App ...
My Big Coin founder sentenced to 8 years in prison for fraud
My Big Coin founder Randall Crater has been found guilty of committing wired fraud and unlawful monetary transactions. He is sentenced to 100 months in jail and $7.6 million in fines. My Big Coin frau...
$90 Billion Collapse of Billionaire Adani’s Empire
The break was short, very short. Accusations of fraud, stock-market manipulation and illegal practices made by the New York short-seller Hindenburg Research against Adani Group, the conglomerate of I...
The judge’s decisions on the bankruptcy of FTX
After the severe blow it suffered, FTX has now been in bankruptcy for some time due to the founder’s fraud. Needless to deny, its demise has caused huge disruptions and a serious impact on the entire ...
Adani Faces Deadline as Fraud Allegations Spook Investors
The clock is ticking for Gautam Adani as India’s leading tycoon, and Asia’s wealthiest person, confronts a U.S. short seller claiming he “uncovered evidence of brazen accounting frau...
DOJ Seeks To Cut Off Sam Bankman-Fried’s Communication With Key People Involved in Fraud Trial
The U.S. Department of Justice (DOJ) is seeking to stifle Sam Bankman-Fried’s communications with FTX and Alameda Research employees before his trial. In a new court filing, the DOJ asks for a ruling ...
No Recession In 2023, New Research Shows
SAN FRANCISCO, CALIFORNIA – SEPTEMBER 16, 2018: A sign in the window of a home decor store in San … [+] Francisco, California, announces the store’s going out of business sale. (Phot...
JPMorgan CEO Jamie Dimon Says Bitcoin is a “hyped-up fraud”
JP Morgan Chase is one of the oldest, largest and most popular financial institutions globally. The company was founded on December 31, 2000, and is headquartered in New York. The Chief Executive Off...
Biden Administration Publishes Roadmap to Combat Crypto Fraud and Protect Investors
The Biden Administration announced on January 27th that it will launch a new legal framework for cryptocurrencies in the coming months to combat the multiple cryptocurrency scams that impacted the cry...
TotalEnergies Exposed To Alleged Adani Fraud Via Joint Ventures Worth Billions
Gautam Adani, chairman of Adani Group, speaks during the Forbes CEO Summit in Singapore, on Tuesday, … [+] Sept. 27, 2022. India needs fossil fuels to serve large populations and getting rid of ...
Billionaire Adani’s Empire Loses $51 Billion in 48 Hours
Suspicion is creating chaos in the empire built by the Indian billionaire Gautam Adani, who since last year has become the richest man in Asia. Adani, 60, saw his fortune jump by more than $40 billio...
One of Wall Street’s most feared short-selling research firms just accused Asia’s richest man of a multibillion-dollar fraud
Asia’s wealthiest person saw his fortune take a hit on Wednesday, after a famed U.S. short-seller accused him of “pulling the largest con in corporate history.” In a report published on Tuesday, Hinde...
Bankman-Fried Said He Had $100,000 Left. Government Seized $700 Million.
Federal prosecutors continue to build their case against Sam Bankman-Fried. The former crypto king on Nov, 11 had to file for bankruptcy after two of his star firms, FTX and Alameda Research, were un...
Small-cap companies are going after naked short sellers in growing numbers: ‘It’s the biggest risk to the health of today’s public markets’
A growing number of small-cap companies are announcing plans to go after naked short sellers, claiming their stocks are being artificially depressed by illegal trading activity. Verb Technology Co. In...
US Government Seizes Nearly $700,000,000 Worth of Sam Bankman-Fried’s Assets As Fraud Investigation Intensifies
A new court filing reveals that US authorities have so far recovered nearly $700,000,000 worth of cash and assets from accounts linked to former crypto golden boy Sam Bankman-Fried. According to a doc...
Key Takeaways From Musk’s First Day of Testimony in Fraud Trial
(Bloomberg) — Tesla Inc. CEO Elon Musk began testifying Friday in the trial of a securities-fraud lawsuit over his August 2018 tweet about taking the company private. He will be back for more on...
SBF to forfeit $700M worth of assets if found guilty of fraud
According to new court filings, disgraced FTX founder Sam Bankman-Fried (SBF) will be subject to the forfeiture of roughly $700 million worth of assets if he were to be found guilty of fraud. In a cou...
Investors Are Suing the Gemini Exchange Over Alleged Fraud
Investors in the Gemini exchange in New York are suing the company and its founders – Cameron and Tyler Winklevoss – for fraud. Gemini Is Being Sued It is alleged in a class-action lawsuit that the co...
SBF could lose up to $700 million in assets if found guilty of fraud – Cryptopolitan
Per recent court documents, Sam Bankman-Fried (SBF) faces the potential forfeiture of nearly $700 million in assets should he be found guilty of fraudulent activity. On January 20, the United States f...
Bitzlato Crypto Founder Faces Charges Over $700 Million Fraud
Join Our Telegram channel to stay up to date on breaking news coverage The United States Department of Justice (DoJ) has charged Anatoly Legkodymov, the founder of the Bitzlato cryptocurrency exchange...
Is Bitcoin A ‘Fraud’ And ‘Pet Rock?’ JPMorgan CEO Jamie Dimon Says So
Despite the prolonged crypto winter, proponents of cryptocurrencies are bullish about the industry’s prospects. And so far this year, they have had cause for happiness. After a dismal 2022, the price ...
JPMorgan CEO Calls Bitcoin (BTC) ‘Hyped-up Fraud’
Alex Dovbnya Dimon doubled down on his criticism of cryptocurrencies during interview on CNBC Thursday morning In an interview on Thursday morning with CNBC that took place during the World Economic F...
Musk Risks Losing Tesla Fraud Trial If He Takes Lawyers’ Bait
(Bloomberg) — Elon Musk needs a jury to believe him if the Tesla Inc. boss is to avoid being socked with potentially billions of dollars in damages at a securities fraud trial. Most Read from Bl...
UK Court Sentences Four In Multimillion Euros Bitcoin Fraud Case ⋆ ZyCrypto
Advertisement     Four individuals linked to the theft of £21m in Bitcoin from an Australian crypto exchange were sentenced by a UK court on Friday, Jan 13, bringing t...
Elizabeth Holmes Booked A One-Way Flight To Mexico After Fraud Conviction, Prosecutors Say
Topline Shortly after disgraced Theranos founder Elizabeth Holmes was convicted of fraud last year, she purchased a one-way trip to Mexico, prosecutors alleged Thursday in court documents opposing her...
Why naked short selling has suddenly become a hot topic
Short selling can be controversial, especially among management teams of companies whose stocks traders are betting that their prices will fall. And a new spike in alleged “naked short selling” among ...