Tag: fraud

Oct 26 2020

Busted: ASIC Freezes Websites & Bank Accounts of 2 “Ponzi Schemes”

Matthew Alan Beresford has been arrested and charged in connection with the alleged schemes.

Oct 11 2020

BitMEX – What Does the Future Hold?

Reading Time: 2 minutes BitMEX has new leadership following the charges against the three founders earlier this month The new company heads have to decide whether BitMEX goes legit or continues on its current path Either decision comes with problems and will see the...

Oct 09 2020

BitMEX Rings the Changes After Legal Trouble

Reading Time: 2 minutes BitMEX has announced several changes at the very top of the company following the CFTC charges last week The three co-founders have all stepped aside, while another executive has taken a leave of absence BitMEX faces a struggle for its very...

Oct 07 2020

‘Morris Coin’ Ponzi Scammer Arrested in India

Reading Time: 2 minutes The head of Morris Coin, an Indian cryptocurrency scam which claimed to be “the best trending platform”, has been arrested Morris Coin claimed to be a decentralized cryptocurrency when it was in fact a cookie cutter Ponzi scheme Victims were...

Oct 05 2020

BitMEX Loses Bitcoin and Users After CFTC Indictments

Reading Time: 2 minutes BitMEX has seen $475,000 worth of Bitcoin leave the exchange since it was hit with CFTC charges last week Usage of the platform has also nosedived as users abandon it 2020 has seen three huge Bitcoin outflows, leaving BitMEX in a precarious...

Oct 03 2020

SEC Pursues $3.5 Million Swedish Crypto Scammer

Reading Time: 2 minutes The United States Securities and Exchange Commission (SEC) has charged Swedish crypto scammer Roger Karlsson with fleecing over 2,000 investors out of $3.5 million Karlsson defrauded the investors by promising “astronomical” returns on their investments...

Sep 30 2020

Bulgarian Crypto Exchange Owner Guilty of Money Laundering

Reading Time: 2 minutes The founder of crypto exchange RG Coins has been found guilty of money laundering Rossen Iossifov was part of a huge operation that scammed victims out of their money through fake auction site listings 17 of the gang have either pleaded guilty or...

Why JP Morgan Getting Fined $1bn For Market Manipulation is Good For Bitcoin

Sep 30 2020 Published at Coingape under tags  bitcoin news cftc fraud jamie dimon jp morgan

U.S. banking giant JP Morgan Chase agreed to pay fines of almost a billion dollars after acknowledging offenses regarding commodity market manipulation investigations. On Sept. 29, the Commodity Futures Trading Commission (CFTC) concluded what has been the largest-ever settlement imposed by the derivatives regulator according to Reuters. The bank has been engaged in a pattern The post Why JP Morgan Getting Fined $1bn...

Sep 22 2020

Craig Wright Fails to Get Kleiman Case Dismissed

Reading Time: 2 minutes Craig Wright has failed to have his case against the estate of Dave Kleiman dismissed Wright had argued six points of law that meant the case against him should be scrapped before going to trial Judge Bloom rejected all six of Wright’s claims,...

Sep 21 2020

FinCen Files Leak Shows Mass Bank Money Laundering

Reading Time: 2 minutes A FinCen files leak has exposed $2 trillion worth of potential money laundering by the world’s biggest banks More than 2,000 transactions have been flagged as potentially suspicious The leak shows that traditional finance is still favored over...

Sep 19 2020

$16.8 Million Cryptocurrency Fraudsters Charged in U.S.

Reading Time: 2 minutes Two Russian cryptocurrency fraudsters have been charged with stealing $16.5 million worth of funds from American crypto exchange customers The pair used phishing and spoofing tactics to trap exchange users and steal their login and personal information...

Sep 18 2020

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