More than $10 billion in losses from online scams were reported to the FBI in 2022, the highest annual loss in the last five years, according to a new report from the bureau. The more than $3 billion …
SEC Shuts Down ‘$100 Million Crypto Fraud’ in Miami
Another day, another SEC crypto crackdown case. Today, the U.S. regulator announced emergency action against investment adviser BKCoin Management in connection with an alleged fraud scheme. The SEC …
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FTX ex-director Nishad Singh pleads guilty to fraud charges
Nishad Singh, former director of engineering at FTX, pleaded guilty to fraud charges brought by U.S. prosecutors and agreed to cooperate in their investigations around former FTX CEO Sam Bankman-Fried …
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Investment Scams Drive $9bn in Fraud in 2022
New data from the FTC reveals that Americans lost $8.8 billion to fraud last year, with investment scams accounting for almost half of the figure. The consumer protection agency reported that …
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SEC Sues Terraform Labs and Founder Do Kwon For Securities Fraud
The U.S. Securities and Exchange Commission on Thursday charged Singapore-based Terraform Labs and founder and CEO Do Hyeong Kwon—better known as Do Kwon—with securities fraud involving its …
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Trio Arrested in COVID PPE Fraud Probe
Three individuals have been arrested for their involvement in a Covid-19 PPE scam that may have cost several different companies millions of dollars. The UK's National Crime Agency (NCA) stated that …
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My Big Coin cryptocurrency firm founder gets 8 years in prison for fraud
The founder of a defunct cryptocurrency business was sentenced on Tuesday to more than eight years in prison for defrauding investors and customers out of millions of dollars by marketing a virtual …
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Euro Police Bust Multimillion-Dollar Crypto Fraud Gang
European law enforcement agencies collaborated to take down a multimillion dollar cryptocurrency fraud group, making multiple arrests last week. The operation was coordinated by Europol and targeted …
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Takedown of fraudulent cryptocurrency network in Bulgaria, Cyprus and Serbia
With the active support of Eurojust and Europol, a coordinated action has led to the dismantling of a cryptocurrency fraud network operating from Bulgaria, Cyprus and Serbia. The network operated …
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Analysis: Bankman-Fried fraud charges sidestep debate over how U.S. law sees crypto
Sam Bankman-Fried may find it hard to argue the fraud charges against him should be tossed because of uncertainty as to how U.S. law treats cryptocurrency, as other high-profile defendants in criminal …