The regulator sued the man over his alleged role in defrauding hundreds of crypto.
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...
He misappropriated around $1 million for personal expenses.
The suspects have allegedly defrauded investors of hundreds of millions of shekels.
The liquidation will be the first step taken by the authorities to compensate victims of the fraud scheme.
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...
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...
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...
He touted his investment strategies to me risk-proof but ended up in embezzlement.
The 52-years-old fraudster is expected to be sentenced on January 5, 2022.
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,...
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...
A court will determine the terms of the settlement reached with the three individuals and the entity.
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...
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...
The former practicing dentist is accused of publishing false statements to manipulate the securities market.
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