Tag: fraud

Dec 03 2021

US Regulator Charges Latvian Man for $7 Million Crypto Fraud

The US Securities and Exchange Commission (SEC) announced on Thursday that it charged a man for defrauding more than $7 million from hundreds of investors through two separate fraudulent digital as...

Nov 27 2021

Nov 19 2021

Nov 18 2021

Israeli Police Arrest Football Club Owner for Crypto Fraud

The suspects have allegedly defrauded investors of hundreds of millions of shekels.

Nov 16 2021

Court Orders to Liquidate $56M Worth in Cryptos Tied to a BitConnect Fraud

The liquidation will be the first step taken by the authorities to compensate victims of the fraud scheme.

Oct 15 2021

MekaVerse Creators Accused of Perpetrating Huge Fraud

Oct 15 2021 Published at FullyCrypto under tags  cryptocurrency fraud nft nft news

Reading Time: 2 minutes MekaVerse has been accused of perpetrating a huge fraud on the NFT community The project finally revealed its 8,888 robot NFTs on Wednesday amid accusations of insider trading Individuals relating to the MekaVerse project were said to have inside...

Oct 06 2021

Sep 27 2021

QuadrigaCX Story to be Netflix Documentary

Reading Time: 2 minutes The story of Gerald Cotten and QuadrigaCX is to be made into a Netflix documentary QuadrigaCX folded when Cotten supposedly died, leaving massive debts Some claim Cotten faked his death and has all the funds in his personal possession The...

Sep 20 2021

Virgil Capital Founder Gets 7.5 Year Prison Sentence

Reading Time: 2 minutes The founder of fake crypto trading firm Virgil Capital has been sentenced to 7.5 years in prison Qin pleaded guilty in February for pretending Virgil Capital was wildly successful when in fact it was a Ponzi scheme Qin must also forfeit $54...

Sep 16 2021

US Court Jails $90M Crypto Fund Owner for Over 7 Years

He touted his investment strategies to me risk-proof but ended up in embezzlement.

Sep 08 2021

Multi-Million Crypto Fraud Mastermind Pleads Guilty to Wire Fraud

The 52-years-old fraudster is expected to be sentenced on January 5, 2022.

Sep 03 2021

BitConnect Promoter Pleads Guilty In $2 Billion Crypto Scheme

Former director and promoter of the BitConnect Ponzi scheme, Glenn Arcaro, pled guilty on Wednesday in federal court to fraud charges. His participation in a massive conspiracy involving the crypto exchange defrauded investors of over $2 billion. The United States Department of Justice, Southern District of California,...

Aug 02 2021

Bitcoiin Associate Pleads Guilty to Scamming Investors

Aug 02 2021 Published at FullyCrypto under tags  crime cryptocurrency fraud ico ico news

Reading Time: 2 minutes A promoter of the Bitcoiin scam has pleaded guilty to conning investors John DeMarr helped promote Bitcoiin which promised 8,000% returns The scam was busted by the SEC and three team members were charged in February An associate of the...

Jul 06 2021

Jul 02 2021

US SEC Gets Settlement in a Fraudulent and Unregistered ICO Case

A court will determine the terms of the settlement reached with the three individuals and the entity.

Jun 24 2021

Africrypt Stole $3.6 Billion In Bitcoin: Is This The Biggest Crypto Scam In History?

Jun 24 2021 Published at Bitcoinist.com under tags  africrypt bitcoin btc fraud news

Around 69,000 Bitcoin has vanished from a South African investment platform, Africrypt, along with two brothers who owned the crypto firm. Africrypt Founders Took $3.6 Billion A new Bitcoin scam involving the disappearance...

Jun 23 2021

Little Evidence Gerald Cotten Faked His Death, Says Podcast

Reading Time: 2 minutes There is little evidence to suggest that Gerald Cotten faked his death, according to a podcast Exit Scam podcast interviewed a journalist who went to the area where Cotten is supposed to have died He found that all records were properly...

Jun 11 2021

US SEC Charges Florida Dentist for Three Separate Securities Frauds

The former practicing dentist is accused of publishing false statements to manipulate the securities market.

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