How Bitcoin investors can avoid tax fraud
Bitcoin investors must navigate a complex tax landscape, including understanding taxable vs. non-taxable transactions, key regulations by jurisdiction and ways to stay compliant. Go to Source
Fraud
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Largest ‘illicit online marketplace’ has grown 51% in 6 months: Elliptic
The world’s largest illicit online marketplace keeps growing following the launch of its own crypto products, according to Elliptic. Go to Source
IcomTech promoter sentenced to 10 years in prison
The judge ordered David Brend to report to a federal prison in Florida by Dec. 16 to serve his 120-month sentence. Go to Source
FTX co-founder and key witness Gary Wang asks judge for no jail time
Gary Wang, one of Sam Bankman-Fried’s longtime friends and a key witness at his trial, is set to be sentenced on Nov. 20. Go to Source
Judge sentences IcomTech promoter to 8 years to deter ‘crypto frauds’
Judge Jennifer Rochon initially allowed a delay in Gustavo Rodriguez’s sentencing to allow additional testimony but ultimately ordered the IcomTech promoter to prison. Go to Source
Fake Coinbase Sites Steal $20M — How Indian Man Led the Massive Crypto Fraud
A cryptocurrency scam targeting Coinbase users has resulted in a significant theft of over $20 million. An Indian national, Chirag Tomar, was sentenced for orchestrating this scheme, where fake websites mimicking Coinbase led to victims surrendering credentials. U.S. authorities revealed how fraudsters used advanced tactics, including remote desktop access and posing as support agents, to … Read more
US Treasury used AI to recover $4 billion in fraud over past year
The US Treasury has tapped into AI machine learning to sift through data to detect and prevent billions of dollars in check fraud. Go to Source
Hong Kong cops clean out alleged $46M deepfake crypto scam
Hong Kong police arrested 27 people it accused of running an AI deepfake crypto scam operation from a 4,000-square-foot industrial building in the region. Go to Source
Forcount ‘Ponzi scheme’ promoter sentenced to 20 years in prison
According to US prosecutors, Juan Tacuri, and his co-conspirators, defrauded investors of $8.4 million in an apparent Ponzi Scheme. Go to Source
$150M Crypto Scheme Leader Vanishes From US Detention, Active Manhunt Underway
A German national accused of orchestrating a $150 million cryptocurrency fraud is now a fugitive after allegedly tampering with his ankle monitor while on home detention in New York. Prosecutors say he led a multi-level marketing scheme, promising massive returns, before siphoning off millions in cryptocurrency and disappearing just before his trial. An active investigation … Read more
