Securities fraud
Coinbase, FTX, Binance get inquiries as Congress appears to be like to crack down on $1 billion crypto fraud
In its 1st foray into the crypto sector, the House Committee on Oversight and Reform is dialing up the tension on federal companies and crypto exchanges to shield Individuals from fraudsters. In a series of letters despatched Tuesday early morning, the committee requested 4 agencies, like the Office of the Treasury, the Federal Trade Commission, […]
Read More
Bought a textual content from a mistaken number? It could be an endeavor at ‘pig butchering,’ a crypto rip-off costing investors millions
An outdated crypto plan has a new name — and it’s costing traders tens of millions. So-named “pig butchering” is when a scammer builds up belief with their victims prior to sooner or later pressuring them to deposit a lot more and extra of their crypto assets into bogus digital wallets or internet sites managed […]
Read More
Jail will be tricky for ex-Malaysian chief Najib, who’s utilised to a 7-star lodge way of living, says Anwar
Jail will be a tricky distinction to former Malaysian Key Minister Najib Razak’s seven-star resort life-style as Malaysia begins to locate “closure” from the scandal that had rocked the nation for several years, explained Malaysia’s opposition leader Anwar Ibrahim. Najib, who was billed for his position in the embezzlement of billions of bucks from the […]
Read More
Rudy Giuliani named a target in Trump election probe in Georgia, lawyers say
Rudolph Giuliani, attorney for President Donald Trump, arrives for a news conference at the Republican National Committee on lawsuits regarding the outcome of the 2020 presidential election on Thursday, November 19, 2020. Tom Williams | CQ-Roll Call, Inc. | Getty Images Rudy Giuliani has been named a target in the criminal investigation into efforts by […]
Read More
Dutch detain suspected developer of crypto mixer Tornado Cash
The Tornado Cash website displayed on a laptop and smartphone screen arranged in London, on Tuesday, March 15, 2022. Luke MacGregor | Bloomberg | Getty Images Dutch authorities on Friday said they had arrested a 29-year-old man believed to be a developer for the crypto mixing service Tornado Cash, which the United States put on […]
Read More
Crypto mixing service Tornado Cash blacklisted by Treasury Department for alleged use in laundering
The U.S. Department of Treasury on Monday sanctioned the popular cryptocurrency mixer Tornado Cash, banning Americans from using a service that the government said, “launders the proceeds of cybercrimes.” “Despite public assurances otherwise, Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a […]
Read More
Robinhood’s crypto division fined $30 million by New York financial regulator
People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images The New York State Department of Financial Services announced on Tuesday it […]
Read More
Man accused of duping Secret Service by posing as Homeland Security agent pleads guilty
One of two men accused of impersonating federal law enforcement officials in a scheme that duped Secret Service agents and others pleaded guilty Monday to multiple charges in Washington, D.C. Arian Taherzadeh’s plea came nearly four months after his arrest with a second man, Haider Ali, exposed allegations that they compromised Secret Service agents with […]
Read More
SEC charges 11 people in alleged $300 million crypto Ponzi scheme
A flag outside the U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S., on Wednesday, Feb. 23, 2022. Al Drago | Bloomberg | Getty Images On Monday, the Securities and Exchange Commission said it charged 11 people for their roles in creating and promoting an allegedly fraudulent crypto pyramid and Ponzi scheme that raised […]
Read More
Former Obama White House aide Seth Andrew sentenced to year in prison for charter school theft scheme
Seth Andrew Wikimedia Commons Former Obama White House education advisor Seth Andrew was sentenced Thursday to a year-and-one-day in federal prison for a scheme to steal $218,000 from a New York charter school network he founded. Andrew, 43, also was fined $5,000 at his sentencing in U.S. District Court in Manhattan. He was arrested in […]
Read More