Siblings charged over mining coin that turned into alleged $124M fraud
The brother and sister team will face charges of wire fraud, securities fraud, and conspiracy for their alleged roles in the Ormeus Coin ICO. Go to Source Powered by WPeMatico
DOJ
Auto Added by WPeMatico
US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect
The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice. Bitconnect’s Founder Could Go to Prison for 70 Years The U.S. Department of Justice (DOJ) announced … Read more
Crypto Exchange Bitmex’s Founders Plead Guilty to Bank Secrecy Act Violations
The founders of cryptocurrency derivatives exchange Bitmex, Arthur Hayes and Benjamin Delo, have pled guilty to violations of the U.S. Bank Secrecy Act. “As a result of its willful failure to implement AML and KYC programs, Bitmex was in effect a money-laundering platform,” said the U.S. Department of Justice. Bitmex’s Founders Guilty of Bank Secrecy … Read more
FBI Launches ‘Virtual Asset Exploitation Unit’ With Specialized Team of Crypto Experts
The Federal Bureau of Investigation (FBI) has launched a new unit to tackle crypto exploitation. The new team will work with the National Cryptocurrency Enforcement Team of the Department of Justice (DOJ) to combat “the criminal misuse of cryptocurrencies.” FBI Establishes New Crypto Unit; DOJ Appoints First Director for National Cryptocurrency Enforcement Team The Federal … Read more
US Sentences Bitcoin Seller to 1 Year in Jail for Defrauding Investors
A bitcoin seller has been sentenced to one year and one day in jail for defrauding customers, according to a notice by the U.S. Department of Justice (DOJ). The man took money from customers but did not provide them with the agreed-upon bitcoin. Fraudulent Bitcoin Seller Going to Jail The U.S. Department of Justice (DOJ) … Read more
Founder of Coin Signals Funds Pleads Guilty in Crypto Scam — Faces up to 10 Years in Prison
The founder and manager of several cryptocurrency funds has pleaded guilty to luring investors to his crypto investment scam. His funds consistently lost money and his scam left investors with a $5 million loss, according to the U.S. Department of Justice (DOJ). Investors Scammed Into Investing in Coin Signals’ Funds The U.S. Department of Justice … Read more
US Sentences Man to 3 Years in Prison for Operating Unlicensed Bitcoin Exchange Business
A California man has been sentenced to three years in federal prison “for operating an unlicensed business that exchanged at least $13 million in bitcoin and cash, often for drug traffickers,” the U.S. Department of Justice said. He agreed to forfeit various assets, including seized cryptocurrency. Bitcoin Exchange Operator Sentenced to 3 Years in Jail … Read more
DOJ Selling Cryptocurrency Seized From Bitconnect Worth $56 Million
The U.S. Department of Justice (DOJ) is selling cryptocurrency worth $56 million that was seized from the “number one promoter” of Bitconnect, the largest crypto fraud scheme ever charged criminally. Investors were fraudulently induced to invest over $2 billion. The Bitconnect promoter faces a maximum penalty of 20 years in prison. US Selling Crypto Worth … Read more
US gov attorneys to target individuals and gatekeepers for crypto prosecutions
Major regulatory agencies plan to work harder to prosecute individuals and companies that have had dodgy dealings with digital assets. Go to Source Powered by WPeMatico
International Operation Dark Huntor Seizes $31.6 Million in Cash and Cryptocurrencies, 150 Arrested
Operation Dark Huntor, a coordinated international effort on three continents to disrupt opioid trafficking on the darknet, has led to the arrests of 150 people. According to the Federal Bureau of Investigation (FBI), the operation has also resulted in the seizure of over $31.6 million in cash and cryptocurrencies. Operation Dark Huntor: 150 Arrests, Crypto … Read more
