Credit Suisse Denied $515M Claim Linked To Fraudulent Adviser
Credit Suisse (CSGN.S) on June 19 denied an allegation by Russian businessman Vitaly Malkin for 500 million francs ($515.62 million) he tied to a former client adviser at the bank ...
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Tag: Fraud
CEO Of Mining Capital Coin Indicted In $62M Crypto Fraud Case
An indictment was unleashed on May 5, 2022, charging the CEO of Mining Capital Coin (MCC), an alleged crypto mining and investment platform, for supposedly orchestrating a $62 million global ...
Singapore’s DBS Bank Aims To Expand Bitcoin Trading To Retail
DBS Bank’s cryptocurrency exchange launched in late 2021, supporting crypto trading only for professional investors. DBS, Singapore’s biggest bank, is striving to expand its crypto exchange beyond its current investor ...
Indian Taxman Recovered $6.62M From WazirX For Tax Evasion On Commission
The government officials from CGST Mumbai Zone managed to recover the funds from the WazirX crypto exchange after detecting a GST evasion of $5.43 million on trade commissions. Indian crypto ...
Google Removes 8 ‘Deceptive’ Cryptocurrency Apps From Its Play Store
The latest analysis shows that Google has delisted eight supposedly fraudulent mobile applications from its Play Store that were believed to be duping crypto investors and enthusiasts by charging fees ...
Australian Experts Recommend Blockchain Vaccine Registry Amid Fake Vax Certificates
Cyber technocrats in Australia are demanding the introduction of a blockchain-based vaccine registry after counterfeit Covid-19 passports rampantly came up online. Experts are now urging the Australian government to start ...
Brazil Police Apprehend “Bitcoin King” Over 7,000 BTC Fraud Case
The Brazilian detectives have arrested Claudio Oliveira, the president of Bitcoin Banco Group, for allegedly defrauding investors more than $300 million. Olivera, the self-proclaimed “Bitcoin king," is accused of allegedly ...
Centra Tech Founder Faces Jailtime for $25 Million Scam ICO
Co-founder of Centra Tech, Robert Farkas, was recently sentenced to one year in jail after he pleaded guilty to operating a fraudulent ICO scheme that raised $25 million from investors. ...
Ex-Microsoft Employee Gets 9 Years Imprisonment In A Bitcoin Tax Fraud Case In US
The crypto space is changing the entire global economic landscape. In the same context, many fraudsters have joined the nascent space aiming to maximize profits. In the latest news, a ...
Australian Senator Believes Blockchain Can Enhance Financial Compliance
Blockchain is still a nascent technology but it is gaining mass adoption as time goes by. In the latest news, an Australian Liberal Senator Andrew Bragg believes that blockchain can ...