US Attorney – DIGIT INFO

Fake Coinbase website leads to $20M fraud, 5-year sentence

DIGIT — Fri, 18 Oct 2024 17:18:17 +0000

A phishing scam netted a fraudster luxury cars and foreign vacations, and then a prison sentence.

Prosecutors Seek Restrictions on Former FTX CEO’s Electronic Devices Following VPN Use for Football Streaming

DIGIT — Fri, 17 Feb 2023 17:00:40 +0000

Prosecutors in the financial fraud case against former FTX CEO Sam Bankman-Fried (SBF) are attempting to persuade the judge to restrict his use of electronic devices. It has been revealed that SBF used a virtual private network (VPN) to watch the Super Bowl through a foreign subscription service he had purchased before his arrest. Prosecutors, […]

Go to Source

Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M

DIGIT — Fri, 16 Dec 2022 05:57:35 +0000

Various creators and promotors of two allegedly fraudulent crypto companies are facing a litany of charges that could land them 20 years in jail.

Go to Source

SEC Fines John McAfee’s Associate $375K in Penalties for ICO Promotions

DIGIT — Sat, 16 Jul 2022 20:00:37 +0000

According to a Securities and Exchange Commission (SEC) judgment, Jimmy Gale Watson, a former associate of the now deceased John McAfee, has been fined for being paid to promote pump and dump-fashioned initial coin offerings (ICOs). The SEC has ruled that Watson must pay roughly $375K in penalties and he’s not allowed to participate in […]

Go to Source

US Man Pleads Guilty in $722 Million Bitclub Network Ponzi Scheme Case

DIGIT — Sun, 06 Sep 2020 23:45:10 +0000

A Bitclub Network Ponzi scheme promoter has admitted to charges of selling unregistered securities and to subscribing to a false tax return in connection with his role in the $722 million fraud scam. The man, Joseph Frank Abel, pleaded guilty by video conference before U.S. District Judge Claire C. Cecchi. The U.S. citizen becomes the […]

The post US Man Pleads Guilty in $722 Million Bitclub Network Ponzi Scheme Case appeared first on Bitcoin News.

Go to Source

Prolific Bitcoin Dealer ‘Blew a Giant Hole’ Through US Legal Framework

DIGIT — Sun, 19 Aug 2018 12:40:46 +0000

A Mexico-based “prolific bitcoin dealer” has been indicted and held without bond in the US on a number of international money laundering charges. He used Bitfinex for his exchange needs after Coinbase closed his account. His “activities ‘blew a giant hole’ through the legal framework of U.S. anti-money laundering laws,” the Department of Justice wrote. […]

The post Prolific Bitcoin Dealer ‘Blew a Giant Hole’ Through US Legal Framework appeared first on Bitcoin News.

Go to Source

Bitcoiners Increasingly Targeted by Police as Prices Yield Large Asset Forfeiture Gains

DIGIT — Sat, 16 Dec 2017 10:00:17 +0000

The Department of Justice has announced another potential auction of seized bitcoin, totalling over 8 million USD. There’s a noticeable uptick in bitcoin-related prosecutions since at least 2014 and the Ross Ulbricht, Silk Road affair. With the price of bitcoin rising to stratospheric heights, the phenomenon has made bitcoiners relatively wealthy; it might have also […]

The post Bitcoiners Increasingly Targeted by Police as Prices Yield Large Asset Forfeiture Gains appeared first on Bitcoin News.

Go to Source