Fraud

Fraud

Crypto Hedge Fund Founder Stefan Qin Accused of Fraud by SEC

The Securities and Exchange Commission (SEC) is accusing the founder of hedge fund Virgil Capital of fraud.

News  ·  24 December 2020
Department of Justice

Man Gets 6 Years for $25M Diamond and Crypto Ponzi Scheme

Jose Angel Aman, charged with operating the fraudulent investment scheme, was sentenced to serve six years in federal prison and pay over $23 million in victim restitution by a federal court in Florida.

News  ·  9 December 2020
Brazil

US Seizes $24M in Crypto as Part of Brazilian Probe Into $200M Fraud Scheme

The U.S. Department of Justice announced Wednesday the seizure of $24 million in cryptocurrency after a request from Brazilian police.

News  ·  4 November 2020
Federal Reserve

US Charges Stanford Crypto Group Director With Defrauding His Former Employer – the Fed

Lawrence Rufrano allegedly hid his work at Stanford and blockchain startup Factom from disability benefits regulators.

News  ·  29 October 2020
CoinFlash

Bitcoin Escrow Chief Pleads Guilty to Crypto Fraud, Also Ordered to Repay $7.4M

The head of the Volantis escrow company faces up to 10 years in prison for defrauding customers.

News  ·  2 October 2020
CoinFlash

Malta Disputes Crypto Arbitrage Hub Arbitly's Registry Claims

Arbitly's crypto licensure and registration claims are bogus, according to Malta's financial regulator.

News  ·  1 October 2020
Fraud

Federal Jury Indicts Three Accused of Posing as Pastors in Alleged $28M Ponzi Scheme

Besides facing criminal charges, the accused pseudo-pastors were charged by the CFTC and the SEC with allegedly soliciting over 1,000 people for a fake crypto fund.

News  ·  31 August 2020
CoinFlash

Binance and Oasis Labs Launch Alliance to Combat Crypto Fraud and Hacks

The aim is a comprehensive database of information gleaned from previous hacks and fraud used to proactively fight future ones. The platform supports Bitcoin, Ethereum, TRX and EOS blockchains.

Tech  ·  27 August 2020
Fraud

Inside a Crypto ‘Ponzi’: How the $6.5M Banana.Fund Fraud Unravelled

U.S. authorities are trying to return $6.5 million in bitcoin and tether to the victims of an alleged Ponzi scheme.

News  ·  3 August 2020
CoinFlash

Wanted Wirecard Exec Said to Be Sheltered by Secret Service in Russia

Jan Marsalek, a former board member of Wirecard who is wanted over allegations of fraud, is reportedly being sheltered in Moscow by the biggest Russian secret service.

News  ·  20 July 2020
CoinFlash

Third Centra Tech Founder Pleads Guilty to ICO Fraud

Centra Tech one of the most storied scams of the the 2017 ICO bubble. Its founders have fallen like dominoes since.

News  ·  17 July 2020
CoinFlash

Texas Man’s Alleged Use of PPP Funds for Crypto Instead of BBQ Has Feds Asking ‘Where’s the Beef?’

Investigators could not find any online reviews, any documented employees or any established bank account for the defendant's purported BBQ company.

News  ·  14 July 2020
Fraud

BitClub Programmer Admits Mining Scheme Stole $722M in Bitcoin

The Romanian programmer pleaded guilty to wire fraud and the offering and sale of unregistered securities.

News  ·  9 July 2020
South Africa

Crypto Firm CEO Went Into Hiding After Claims 2,000 Investors Defrauded

The CEO of cryptocurrency investment firm VaultAge Solutions has forced into bankruptcy while on the run from angry investors.

Policy & regulation  ·  6 July 2020
Escrow

Digital Currency Guru of $568M Cyber Fraud Forum Pleads Guilty

Sergey Medvedev pleaded guilty to racketeering charges as part of a $568 million payment card fraud forum, which used Liberty Reserve and bitcoin to launder funds.

News  ·  29 June 2020