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3232Fake Crypto Fund Operator Pleads Guilty to Defrauding Investors
https://www.digit.info/fake-crypto-fund-operator-pleads-guilty-to-defrauding-investors/
Fri, 28 Jun 2024 05:32:01 +0000https://www.digit.info/2024/06/28/fake-crypto-fund-operator-pleads-guilty-to-defrauding-investors/Read more]]>Michael Joseph McElhiney, age 37 and formerly of Spokane, Washington, has pleaded guilty to wire fraud, the U.S. Department of Justice (DOJ) announced on Wednesday. Between March 4, 2021, and Sept. 10, 2022, McElhiney defrauded investors by falsely claiming to operate a cryptocurrency investment fund called Mac Blockchain Solutions. He contacted victims in person, via […]
]]>SEC Chair Gary Gensler Insists Crypto Field Is ‘Rife With Abuses and Fraud’
https://www.digit.info/sec-chair-gary-gensler-insists-crypto-field-is-rife-with-abuses-and-fraud/
Sat, 09 Mar 2024 07:00:33 +0000https://www.digit.info/2024/03/09/sec-chair-gary-gensler-insists-crypto-field-is-rife-with-abuses-and-fraud/Read more]]>U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has reiterated that the crypto industry is filled with instances of abuse and fraud, citing a significant number of bankruptcies in recent years. He also cautioned investors in spot bitcoin exchange-traded funds (ETFs) that these products are based on a “highly speculative volatile underlying asset: bitcoin.” […]
Michael Joseph McElhiney, age 37 and formerly of Spokane, Washington, has pleaded guilty to wire fraud, the U.S. Department of Justice (DOJ) announced on Wednesday. Between March 4, 2021, and Sept. 10, 2022, McElhiney defrauded investors by falsely claiming to operate a cryptocurrency investment fund called Mac Blockchain Solutions. He contacted victims in person, via […]
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U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has reiterated that the crypto industry is filled with instances of abuse and fraud, citing a significant number of bankruptcies in recent years. He also cautioned investors in spot bitcoin exchange-traded funds (ETFs) that these products are based on a “highly speculative volatile underlying asset: bitcoin.” […]
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