Fraud
SEC Sues Unicoin Over $100M Crypto Fraud Built on False Real Estate Claims
The U.S. Securities and Exchange Commission (SEC) has filed charges against Unicoin, Inc., a New York City-based company, and three of its top executives: CEO and Board Chairman Alex Konanykhin; Silvi...
Last updated 3 mins ago
Binance’s Former Russia Head, Blum Co-Founder Arrested in Connection to Fraud Case
Vladimir Smerkis, Binance's former Russia division head, was arrested in Russia for being connected to a large-scale criminal fraud case, local media outlet TASS reported on Sunday.
Last updated 3 mins ago
UN Agency Recommends Criminalization of Unlicensed VASPs in Southeast Asia to Counter Cyber Fraud
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U.S. SEC Charges Two Brothers in $60M Ponzi Scam Using a Crypto Platform
The U.S. Securities and Exchange Commission (SEC) has charged brothers Jonathan and Tanner Adam of attempting to defraud more than 80 investors with a $60 million Ponzi scheme involving a crypto asset...
Last updated 3 mins ago
OmegaPro Co-Founder Arrested in Turkey on Suspicion of $4B Ponzi Scheme: Reports
Andreas Szakacs, a co-founder of OmegaPro, was arrested in Turkey in July for his involvement with the company alleged to have scammed investors of $4 billion in a cryptocurrency Ponzi scheme, Turkish...
Last updated 3 mins ago
Australian Securities Regulator Nabbed More Than 600 Crypto Investment Scams in a Year
The Australian Securities and Investments Commission (ASIC) said it closed down 615 cryptocurrency investment scams in the first year of a program to tackle fake investment websites.
Last updated 3 mins ago
Crypto Hacks Net $19B Since 2011 and Illegal Activity on Blockchain Is Still Growing
Almost $19 billion worth of cryptocurrency has been stolen in thefts dating back to 2011 and the industry continues to grapple with rising blockchain-related crime, according to a report from Crystal ...
Last updated 3 mins ago
NYAG Sues 2 Crypto Pyramid Schemes, Promoters Targeting Haitian-Americans in $1B Scam
New York Attorney General Letitia James has filed suit against two purported crypto companies and their top promoters, a married couple, for allegedly operating two consecutive pyramid schemes that pr...
Last updated 3 mins ago
U.S. Treasury Describes NFTs as ‘Highly Susceptible to Use in Fraud and Scams’
The U.S. Treasury Department said non-fungible tokens (NFTs) are "highly susceptible to use in fraud and scams and are subject to theft," in a new risk assessment about illicit finance, its first into...
Last updated 3 mins ago
British-Chinese Money Launder Sentenced to 6 Years in Prison for Role in $6B Fraud: FT
A British-Chinese woman guilty of laundering bitcoin in a $6 billion fraud in China has been sentenced to six year and eight months in prison, the Financial Times (FT) reported on Friday.
Last updated 3 mins ago
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