CFTC Charges Ohio Man For Operating A $12M Ponzi Scheme
One Ohio resident who ran a $12 million Ponzi scheme involving bitcoin has now been fined by the United States Commodities Futures and Trading Commission (CFTC). Based on the complaint ...
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Tag: Scam
ESPN Baseball Reporter’s Twitter Account Compromised By NFT Scammers
In an incident that ESPN Major League Baseball reporter Jeff Passan referred to as the “biggest news day” of his life, some cybercriminals hijacked his Twitter account to promote a ...
DOJ To Return 3879 BTC Purchased Using Money Stolen From Sony
The Department of Justice (DOJ) is in the process of returning 3,879 bitcoins that were acquired using funds that were stolen from Sony Life Insurance Company Ltd in Tokyo, as ...
Turkish Authorities Investigate Claims Of A $119M Dogecoin Mining Scam
Turkish media has reported that authorities in the country are investigating claims of a Dogecoin (DOGE) mining scam that pulled the rug on investors after it amassed a staggering $119 ...
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 ...
Crypto Trader Arrested By FBI Over $5M Commodities And Wire Fraud Charges
The latest reports indicate that the Federal Bureau of Investigation (FBI) has started criminal trial charges against a 24-years crypto trader. The crypto trader, Jeremy Spence, has allegedly defrauded investors ...
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. ...
Crypto Users Lose $1.8 Billion to Scammers till October
New reports from CipherTrace suggests that scammers stole $1.8 billion from crypto users in the first 10 months of October. This also means that 2021 could record the second-highest loss ...
Two More Whistleblowers to Receive $4.3 Million Awards from SEC
In line with its efforts to encourage public participation in the apprehension of financial fraud actors, the US Securities and Exchange Commission (SEC) has announced awards of over $4.3 million ...
Forex And Crypto Ponzi Scheme Operator Fined $900 By US Court
Venture Capital Investments LLC, alongside its Manager and Principal, Breonna Clark, has been sentenced by the US court. Venture capital stands as a forex and crypto Ponzi scheme that has ...