A federal judge in the region of San Diego, California has ordered the leader of a crypto fraud scheme to pay as much as $17 million in restitution fees to more than 800 traders and investors that all...
Tag: promoter
BitConnect’s Victims to Receive $17M in Restitution Seized From Scam’s Promoter
Arcaro is not the only BitConnect bigwig to face consequences for his role in the scheme: BitConnect’s founder, Satish Kumbhani, has been indicted on a host of felony charges, including conspiracy to ...
Formula One Promoter Bobby Epstein Explains F1 Success, And Why IndyCar Is Not At COTA
Track owner Bobby Epstein looks over the facility from a tower during Friday afternoon’s practice … [+] session for the United States Grand Prix at Circuit of the Americas track east of Au...
Taylor Swift tour promoter says it had no choice but to work with Ticketmaster
Taylor Swift accepts the Artist of the Year award onstage during the 2022 American Music Awards at Microsoft Theater on November 20, 2022 in Los Angeles, California. Kevin Winter | Getty Images Entert...
Crypto promoter Ian Balina labels SEC charge ‘frivolous’, turns down settlement
On September 19, the US Securities and Exchange Commission charged the cryptocurrency promoter with breaking federal securities legislation. Balina promoted unregistered securities of SPRK tokens in 2...
Australian Markets Regulator Sues Promoter of Crypto Token Qoin
The Australian Securities and Investments Commission (ASIC) said the advertisements made “false, misleading or deceptive representations” that consumers will be able to exchange Qoin token...
Bitcoin Flutters Around $19K; SEC Case Against Crypto Promoter Ian Balina Faces One Big Problem
Crypto prices dovetailed with stock indexes, which also plummeted on Tuesday as investors continued their recent exile from riskier assets. The tech-focused Nasdaq, the S&P 500, which has a heavy ...
US Sentences Promoter of $3.4B Bitconnect Crypto Ponzi Scheme to 38 Months in Prison – Regulation Bitcoin News
The U.S. has sentenced a Los Angeles man to 38 months in federal prison for his role in the $3.4 billion Bitconnect crypto Ponzi scheme. He admitted to earning no less than $24 million from the scam, ...
Crypto promoter Ian Balina labels SEC charge ‘frivolous’, turns down settlement
Famed crypto promoter Ian Balina has labeled the SEC charges against him as frivolous, saying he is “excited to take this fight public.” Excited to take this fight public. This frivolous SEC charge se...
ICO Promoter Ian Balina Faces Lawsuit From SEC for Unregistered Securities Offering
The U.S. Securities and Exchange Commission charges Token Metrics CEO Ian Balina with offering unregistered securities in 2018. According to the SEC complaint, Balina promoted SPRK tokens while failin...
BitConnect Promoter Gets 38 Months in $2.4 Billion Ponzi Scam
(Bloomberg) — The top North American promoter of the BitConnect cryptocurrency investment platform was sentenced to 38 months in prison for running a $2.4 billion Ponzi scheme that defrauded at ...
Controversy Revolves Around SafeMoon: Former Promoter Accused of Fraud Worth $12M
CoffeeZilla has taken a dig at the former promoter for the crypto project SafeMoon exposing all that he found is suspicious. He disclosed the alleged suspicious dealing of the influencer Ben Phillips...
SafeMoon embroiled in further scandal as promoter accused of $12 million fraud
SafeMoon is caught up in further controversy as YouTuber Stephen Findeisen, AKA Coffeezilla makes pump and dump allegations against its former chief marketing officer. Specifically, Findeisen calls ou...
Controversial ICO Promoter Floyd Mayweather Returns Again to Bruising World of Crypto and NFTs
One of the greatest boxers of all time could be set to face his most challenging opponent of all time, the SEC. Floyd Mayweather Jr proudly announced the Mayweverse on Tuesday, a project of 5,000 NFTs...