The Australian securities regulator is pursuing BPS Financial Pty Ltd for allegedly making false and misleading representations, and engaging in unlicensed conduct.
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Brazilian Court Sell $1.1 Million in Bitcoin Seized by Federal Police
A Brazilian federal court ordered the sale of a bitcoin stash worth $1.1 million. The sale was conducted by the largest regulated exchange in the country, Mercado Bitcoin. The Federal Police seized the bitcoin sold from Tradergroup, a company that allegedly was operating as a Ponzi scheme, under the facade of being a cryptocurrency investment […]Powered by WPeMatico
US Federal Court Fines Bitcoin Ponzi Schemer Over $2.5 Million
A U.S. federal court has fined a New York firm and its chief executive officer over $2.5 million in the first anti-fraud action involving bitcoin filed by the Commodity Futures Trading Commission. The Ponzi scheme involved a fake pooled investment strategy and a “fake computer ‘hack’ that supposedly caused the loss of nearly all customer funds,” […]
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US Judge Orders Alleged Hacker to Pay Bail in Cryptocurrency
A US federal judge has ordered an alleged hacker to pay the equivalent of $750,000 in cryptocurrency for bail. The man was charged with hacking video game company Electronic Arts (EA), obtaining in-game currency used to buy and sell in-game items, and selling access to online games though black-market websites. Also read: Yahoo! Japan Confirms Entrance […]
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US Court Indicts Founders of Crypto Company for Fraudulent Scheme
A US federal court has indicted three founders of a company purported to offer cryptocurrency-related financial products and have raised $25 million in an initial coin offering. In addition to claiming to have licenses in 38 states, the company also claimed partnerships with Bancorp, Visa, and Mastercard to issue its own cards. Also read: Yahoo! Japan […]
The post US Court Indicts Founders of Crypto Company for Fraudulent Scheme appeared first on Bitcoin News.
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US Court Shuts Down Promoters of Three Deceptive Crypto Schemes
A U.S. federal court has placed a restraining order on and frozen the assets of four alleged promoters of deceptive schemes involving cryptocurrencies at the request of the country’s Federal Trade Commission. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies US Court’s Order The U.S. Federal Trade Commission (FTC) announced on Friday […]
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