In a recent crackdown, the US Department of Justice announced that Damian Williams, United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director-in-Charge,...
Tag: Scheme
US SEC Dismantles $194 Million Global Pump and Dump Scheme
The US Securities and Exchange Commission (SEC) announced on Monday that it filed charges against 16 defendants for participating in multi-year fraudulent penny stock schemes that generated more than ...
Texas, Alabama securities regulators serve a casino NFT scheme cease-and-desists
The Texan securities regulator has issued an emergency cease and desist order to a metaverse investment scheme it has accused of being fraudulent The Texas Securities Commission is accusing Sand Vegas...
US Regulators Move against $15.7M Forex Trading Scheme
The Commodity Futures Trading Commission (CFTC) has continued its bust of fraudulent schemes. On Wednesday, the agency filed a civil enforcement action against Kay Yang and her two companies, AK Equit...
US Federal Court Orders Trader to Pay Manipulative Scheme Penalties
The US 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...
Why some people are saying Waves is a ponzi scheme
Algorithmic stablecoin pegged to the US dollar, Neutrino has fallen by 15% from its peg and is now worth around 82 cents instead of a dollar. Neutrino (USDN) is a top ten stablecoin in the market and ...
How Scammers Used CoinMarketCap To Carry Out Crypto Scheme
Scams happen all the time in the crypto space but recently, the scammers have had to go through more sophisticated channels to make their scams more believable since more people are aware of how the m...
WAVES’s Stablecoin USDN De-Pegged and Fell to $0.85 Following Ponzi Scheme Accusations
Arman Shirinyan WAVES, which gained more than 450% in March, has already lost 35% of its value following rumors Contents Drama behind Waves Ivanov blaming Bankman-Fried WAVES-powered stablecoin USDN d...
Deutsche Bank Must Face Lawsuits Alleging It Enabled Ponzi Scheme
Judges in New York and Miami ruled that investor lawsuits could advance against Germany’s Deutsche Bank AG for allegedly ignoring warnings that it was helping finance a real-estate-linked Ponzi scheme...
Mirror Trading International practiced the Ponzi scheme
Reflect exchange global, otherwise called MTI, works in the forex speciality. It is a web-based speculation stage that coordinates advanced computerized programming and artificial reasoning to exchang...
13 apps removed after researchers uncover Trojan crypto wallet scheme
Research by cybersecurity firm ESET has uncovered a “sophisticated scheme” that disseminates Trojan applications disguised as popular cryptocurrency wallets. The malicious scheme targets mobile device...
Money Laundering Scheme: Cash-to-Bitcoin of $2.3 Million caught in New york
A New York man has been charged with laundering $2.3 million in a cash-to-Bitcoin scheme while openly gloating about it on social media. In New York, a man has been accused of operating a cash-to-Bitc...
$2.3 Million Cash-to-Bitcoin Money Laundering Scheme Busted in New York
A man in New York has been charged with running a cash-to-Bitcoin money laundering scheme in New York. Among other things, the case also shows the negative bias of law enforcement to crypto. Launderin...
DOJ Charges Two People in Million-Dollar Scheme to Defraud Investors – Regulation Bitcoin News
The U.S. Department of Justice (DOJ) has charged two people allegedly behind a million-dollar non-fungible token (NFT) “rug pull” scheme. They abandoned the NFT project within hours after selling out,...
Nevada Man Pleads Guilty in $722 Million Fraudulent Cryptocurrency Scheme – Regulation Bitcoin News
A Nevada man has admitted his role in laundering funds solicited for the Bitclub Network, a $722 million fraudulent cryptocurrency scheme. He also pleaded guilty to tax offenses. Bitclub Network Inves...
Over $10 million worth Crypto Pyramid Scheme busted in Russia
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Feds Charge Two 20-Year-Olds In Alleged NFT Money Laundering, ‘Rug Pull’ Scheme
Some of the art used to market Frosties, a NFT project prosecutors say led to a $1.1 million … [+] swindle. Courtesy DOJ The Department of Justice hit a pair of 20-year-olds with fraud and money...
Nepalese Police Investigate Actress Priyanka Karki for Possible Involvement in Crypto Scheme – Coinotizia
Nepalese actress and model Priyanka Karki is being questioned by the police after her picture was found in promotional material for a cryptocurrency scheme. “The investigation is still underway. We ar...
Nepalese Police Investigate Actress Priyanka Karki for Possible Involvement in Crypto Scheme – Featured Bitcoin News
Nepalese actress and model Priyanka Karki is being questioned by the police after her picture was found in promotional material for a cryptocurrency scheme. “The investigation is still underway. We ar...
Canadian Govt employee accused of crypto-ransomware scheme to face trial in US court
Vachon Desjardins accused of being involved in a number of ransomware attacks related to crypto; extradited to the US for judgment Finally, the person allegedly involved in a series of crypto-related ...
Unusual $250 million scheme by the founder of Internet Computer to help Ukraine
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Sebastien Vachon-Desjardins to Face Trial in U.S. for Crypto Ransomware Scheme
A Canadian government employee thought to be involved in a series of crypto-related ransomware attacks has been extradited to the United States to face judgement. Sebastien Vachon-Desjardins – who wor...
IGObit Coin Project Representative Convicted of Crypto Scheme
The US Attorney for the Southern District of New York announced on Friday that it convicted Asa Saint Clair after a one-week trial for a crypto scheme that defrauded over 60 victims. Q4 2021 volumes h...
Shanghai Crypto Pyramid Scheme With Over 60,000 Victims Busted ⋆ ZyCrypto
Advertisement     Key Takeaways Law enforcement agencies in Shanghai have infiltrated a crypto pyramid scheme. The scheme involved over 60,000 victims and 100 million ...
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-...
Chinese Police Cracked a $16 Million Crypto Pyramid Scheme: Report
The Shanghai Public Security Bureau and the Yangpu Public Security Bureau conducted a joint investigation on pyramid schemes using cryptocurrencies. Shortly after, the authorities busted an online pla...
Shanghai police bust $16 million crypto pyramid scheme
TL;DR Breakdown Shanghai police have busted a $16 million cryptocurrency pyramid scheme. The scheme was operated by a group of online scammers. The scammers lured people in with the promise of high re...
Akoin Marks $5 Million Volume in Kenya, Akon City Claimed To Be ‘Ponzi Scheme’
Akon’s cryptocurrency, titled Akoin, has touched a $5 Million milestone in its trade volume in Kenya. It was initiated as pilot program for payments previous year. Token was particularly created for t...
Akon’s Crypto Hits $5M Volume at Kenyan Pilot Facility, as Ex-Associate Criticizes Akon City as ‘Ponzi Scheme’
Akoin, the cryptocurrency founded by music superstar and philanthropist Akon, has reached $5 million in total transaction volume (TVL) since it began as a pilot for payments at a high-tech smart city ...
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...