Tag: fraud

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.

Apr 27 2021

Ex-Bithumb Korea Chairman to Answer Fraud Charges

Apr 27 2021 Published at FullyCrypto under tags  crime cryptocurrency news exchange fraud

Reading Time: 2 minutes Former Bithumb Korea Chairman Lee Jung-hoon has been handed to prosecutors in the fraud case against him Lee was involved in the failed takeover of Bithumb Korea in 2018 and 2019 Investors lost over $25 million when the sale collapsed The...

Apr 23 2021

Apr 01 2021

NFTs: Everything You Need to Know Before Buying and Selling

Thinking of buying or selling an NFT? Here are some important things to keep in mind.

Mar 13 2021

John McAfee and Associate Face Federal Charges

In Manhattan. federal prosecutors have indicted John McAfee and an associate, Jimmy Watson, for fraud and money laundering crimes. John McAfee is the founder of the McAfee antivirus software company while Jimmy Gale Watson Jr. served as the executive adviser of the McAfee crypto team. Charges Against the McAfee Team On the 5th of March, the United States Attorney for the Southern District...

Mar 09 2021

Centra Tech Scam Is The Posterchild for the ICO Boom

Mar 09 2021 Published at FullyCrypto under tags  america cryptocurrency fraud ico opinions

Reading Time: 2 minutes The story of the Centra Tech scam is almost over, as the second co-founder was jailed Centra Tech has come to embody the ICO boom of 2017/18 From inception to demise, no other project encapsulates an era quite so much The...

Mar 05 2021

Arthur Hayes Close to Handing Himself In

Reading Time: 2 minutes Ex-BitMEX CEO Arthur Hayes is reportedly negotiating terms of a surrender to US authorities Hayes is wanted on charges relating to the illegal operation of BitMEX Hayes remains at large in Singapore, out of the clutches of the CFTC who have filed...

Mar 04 2021

QuadrigaCX Imitation Website May Have Stolen User Logins

Reading Time: 2 minutes A fake QuadrigaCX site that popped up last month may have collected user logins The imposter site, which used the original’s URL, appeared early last month The law firm representing QuadrigaCX claimants has issued guidance A fake...

Mar 03 2021

Social Media, Crypto and FX Top NASAA’s 2021 Investor Threats

The group of US and Canadian regulators released its annual list of financial products that threaten to trap investors.

Feb 19 2021

Austrian Regulator Reports Rise in Crypto Fraud

The FMA reports two-thirds of the investment fraud reports filed in 2020 were related to cryptocurrency and digital currency trading products, according to a report.

New Jersey Crime Watchdog Says Crypto ATMs Need More Regulation

Feb 19 2021 Published at CoinDesk under tags  bitcoin atms crime fraud new jersey news

State regulation of crypto ATMs is poor and federal laws aren't much better, the commission said in a report.

Feb 18 2021

Teenaged Virgil Capital Crypto Founder Rinsed $90 Million

Reading Time: 2 minutes Virgil Capital was thought to be a cryptocurrency hedge fund posting phenomenal returns Instead it was a Ponzi scheme set up by a 19-year-old college dropout Virgil Capital founder Stefan Qin now faces 14 years in prison for the $90 million fraud...

Feb 06 2021

Serbian Man Extradited to US After Being Indicted In $70 Million Crypto Fraud

Feb 06 2021 Published at CoinDesk under tags  fraud law news texas

The scheme allegedly included offering bitcoin at “half market price.”

Feb 02 2021

Three Bitcoiin Associates Charged With Fraud by SEC

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

Reading Time: 2 minutes The founder and two promoters of Bitcoiin have been charged with fraud by the SEC Bitcoiin claimed to be the “2nd generation of the original Bitcoin” but was allegedly a scam designed to enrich the creators and promoters Bitcoiin was promoted by...

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