A jury found a 73-year-old Montana man guilty of a cryptocurrency money laundering conspiracy tied to romance scams and other fraudulent endeavors.Randall V. Rule, formerly of Kalispell, Mont., and another defendant, Gregory C. Nysewander of Irmo, S.
Bybit CEO Ben Zhou said Thursday that his exchange will not list the Pi Network's PI token, which was controversially released on Thursday, citing a Chinese police warning from 2023 that alleged the project was a scam targeting elderly people, leakin
Brent Kovar, a 58-year-old man from Las Vegas was charged with 12 counts of wire fraud, three counts of mail fraud and three counts of money laundering related to his alleged role in a fraudulent cryptocurrency scheme. Kovar purportedly owned a firm
Two separate digital asset fraud schemes have resulted in the US federal court orders requiring perpetrators to pay over $9.1 million in restitution to defrauded victims, the Commodity Futures Trading Commission (CFTC) announced yesterday (Monday).âM
Antonia Perez Hernandez, a promoter of the cryptocurrency Ponzi scheme Forcount who pleaded guilty to conspiracy to commit wire fraud, has been sentenced to more than two years in prison.In a Jan. 27 hearing at the US District Court for the Southern
Today in crypto, Litecoinâs X social media page was temporarily hacked to promote a fake token, Heritage Distilling â a Washington-based crafts spirits producer â will now accept Bitcoin as payment, and Wolf Capitalâs co-founder pleaded guilty to one
Nigeriaâs proposed Investments and Securities Bill, which proposes jail terms for Ponzi scheme operators, has been welcomed by crypto industry players who hope this will help clean up the sectorâs reputation. 10-Year Jail Terms Proposed for Ponzi Ope
The post Crypto Fraud : Former California Attorney Sentenced for 5 Years appeared first on Coinpedia Fintech News An 86 years old former attorney from California named David Lee Kagel, has been sentenced to five year probation for a multimillion doll
David Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding investors with false promises of profits. His scheme targeted working-class people with the lure of financial freedom thr
Banking giant JPMorgan Chase is accused of knowingly enabling an alleged Ponzi scheme targeting retail investors. Plaintiff David Stapleton alleges the bank boosted an obvious fraudulent scheme orchestrated by Sanjeev Acharya, the CEO of Silicon Sage
Yang Bin, a 61-year-old Dutch national, was sentenced by a Singapore court to six years in prison and fined S$16,000 Singapore dollars for orchestrating a cryptocurrency Ponzi scheme. Yangâs company, A&A Blockchain Innovation, falsely claimed to
A UK hacker faces prison for his Coinbase dummy website scam, an El Paso manâs alleged crypto âPonziâ funded his lavish lifestyle, and Washington DFI flags the latest potential crypto fraud.