Crypto exchange FTX (FTT/USD) bought a 30% stake in SkyBridge Capital in September before the crypto company filed for bankruptcy in November. SkyBridge’s founder Anthony Scaramucci said the inv...
Tag: Fraud
BitConnect Fraud Victims Receive Over $17 Million in Restitution
The United States Department of Justice (DOJ) released a Press Release on January 12th, 2023. According to the PR, “a federal district court in San Diego ordered that over $17 million in restitution b...
Scaramucci changes tone on FTX, says it’s clear there was fraud now
Anthony Scaramucci has done a 180 on FTX. “It’s very clear now that there was fraud,” the SkyBridge Capital founder told CNBC. “We’ll, of course, have to let the le...
Trump Organization Ordered To Pay $1.6 Million For Tax Fraud
Topline The Trump Organization must pay $1.6 million in fines after being found guilty of tax fraud, a judge ordered Friday according to multiple outlets, after former President Donald Trump’s family ...
European cross-border crypto fraud network dismantled
European law enforcement agencies have dismantled a crypto fraud network across Serbia, Germany, Cyprus and Bulgaria. The cross-border operation allegedly used call centers to defraud international vi...
Victims Of BitConnect Fraud To Receive $17M As Restitution: DOJ
The US Department of Justice (DOJ) has ordered to distribute over $17 million in restitution to 800 victims of the BitConnect fraud. The announcement comes as some relief for victims, although the $2....
Hedge Fund Billionaire Bill Ackman Empathizes With Fallen FTX Chief Sam Bankman-Fried
Topline Hedge fund billionaire Bill Ackman appeared to defend Sam Bankman-Fried from fierce criticism on Thursday as the fallen crypto mogul fights criminal charges following the dramatic collapse of ...
El Salvador Chivo Wallet Programmer Opens Up About Alleged ID Fraud, Tech and Money Laundering Issues – Exchanges Bitcoin News
A Chivo wallet programmer has opened up about the different problems that the flagship cryptocurrency wallet of El Salvador faced during its initial stages. Shaun Overton, who alleges he was hired to ...
Coinbase’s Brian Armstrong labels FTX as a fraud
Coinbase CEO Brian Armstrong thinks the collapse of Sam Bankman-Fried’s FTX exchange is simply a case of fraud and customer funds misappropriation. Armstrong says FTX is a fraud In an interview with B...
Investment Firm Dismisses Fraud Suit Against Terraform Labs
Albright Capital voluntarily dismissed a class-action lawsuit against Terraform Labs. The lawsuit alleged that TFL committed fraud and focused on the UST stablecoin, among other things. Terraform Labs...
FTX’s Exchange Token FTT Sees Mysterious Pump Amid Bankruptcy Case, SBF Fraud Charges – Market Updates Bitcoin News
As the FTX bankruptcy case and fraud charges against co-founder Sam Bankman-Fried continue to unfold, the value of the exchange’s token, FTX Token (FTT), has seen significant growth. Since Jan. 9, 202...
NY Business Examines Core Scientific Securities Fraud
A legal company located in New York has said that it has initiated an inquiry into whether or not Bitcoin miner Core Scientific and its leadership may have possibly participated in securities fraud an...
Republicans’ first bill makes tax fraud easier for high earners
Big hammer goes boom. Republicans set the tone for their next two years running the House of Representatives by enacting legislation that would add $114 billion to the deficit over the next decade, ac...
Core Scientific under investigation for potential securities fraud, following…
An NY-based securities class action firm is investigating Core Scientific for potential securities fraud. The investigation is to determine whether the actions of the company led to a decline in its s...
NY law firm investigates potential ‘securities fraud’ at Core Scientific
A New York-based law firm says it has begun an investigation into whether Bitcoin miner Core Scientific and its leadership potentially engaged in “securities fraud and other unlawful business practice...
DOJ Arrests 24-Year Old in an Alleged NFT Fraud
With the increasing number of fraudulent acts in the NFT market, no one can vouch for the entire market to be an authentic place to make investment. The United States Department of Justice recently ch...
Core Scientific under investigation over securities fraud
New York-based firm Pomerantz LLP has initiated an investigation against Core Scientific over concerns that its executives were involved in securities fraud and activities that affected its stock pric...
This website allows FTX customers to file an official fraud report
The US Justice Department has launched a webpage that allows any US resident who believes they’re a victim of fraud by Sam Bankman-Fried (SBF) to file an official report. It specifies 10 rights that f...
Blockchain Is Combining Machine Learning With Incentives To Identify NFT Fraud
– Advertisement – The popularity of non-fungible tokens has soared, and as with everything else that becomes popular in the crypto world, fraud is on the rise too. As a result, many people...
SEC charges team behind the $45 million Coindeal crypto fraud
The U.S. SEC has charged the team behind Coindeal. The SEC has also charged AEO Publishing Inc., Banner Co-Op Inc., and Bannersgo LLC. The Securities and Exchange Commission (SEC) of the United States...
FTX Fraud Victims to Get a Website for Court Proceeding Communication & Federal Rights
US Government is planning to launch a website for FTX U.S victims to notify them regarding their court proceedings and federal rights. Lewis A Kaplan has been appointed as the District Judge for this ...
DOJ Asks Victims of Sam Bankman-Fried’s Fraud to Come Forward – Featured Bitcoin News
The U.S. Department of Justice (DOJ) has asked victims of former FTX CEO Sam Bankman-Fried (SBF)’s fraud to come forward. The former FTX executive has been charged with “defrauding customers of FTX.co...
Here’s the Latest in the Sam Bankman-Fried FTX Fraud Case—And How We Got Here
FTX founder Sam Bankman-Fried faces eight criminal charges, ranging from fraud to conspiracy to commit money laundering, in connection with the collapse of his once-dominant exchange. Earlier this wee...
New York Attorney General Sues Ex-Celsius Boss Alex Mashinksy for Fraud
New York’s attorney general is suing ex-Celsius boss Alex Mashinsky for defrauding investors. In a Thursday statement, New York Attorney General Letitia James alleged that Mashinsky “promised to lead ...
SEC Charges Team Behind Coindeal Crypto Fraud That Promised 500,000 Times Investment Returns – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has charged the team behind Coindeal, a $45 million fraudulent crypto investment scheme. The regulator explained that the defendants falsely claimed t...
CoinDeal Scammers Nailed By SEC in $45 Million Fraud Case
U.S. Regulators are starting 2023 off with a new round of cases targeting cryptocurrency scams. Six individuals and two companies tied to an investment scheme called CoinDeal were charged on Wednesday...
FTX fraud victims invited to come forward by US officials
The U.S. Attorney’s Office for the Southern District of New York invited victims of the FTX collapse to come forward on a website that went live earlier today. An email address through whi...
‘Real Housewives’ Star Jen Shah Sentenced To 6.5 Years In Prison For Wire Fraud
Topline Jen Shah, one of the stars of Bravo’s Real Housewives Of Salt Lake City, was sentenced Friday to 6.5 years in prison and five years of supervised release for her role in a telemarketing scheme...
Mark Cuban Warns of Potential New Crypto Scandal and Fraud
The cryptocurrency industry in recent months has been hit by numerous scandals, which have sharply raised skepticism and mistrust among the general public and encouraged more calls for regulators to s...