Fraud

Bitcoin

Canadians Get US Jail Time for Stealing 23 Bitcoin in Twitter Scam

The two scammers used a Twitter account to pose as crypto exchange staff to persuade an Oregon resident to hand over bitcoin.

Policy & regulation  ·  18 March 2020
Cryptocurrency

Crypto Scams Pose More Risk Than Payments Fraud, Report Suggests

Cryptocurrency scams in 2019 were more risky for U.S. residents than fraud involving romance or payments, says the Better Business Bureau.

News  ·  11 March 2020
Crime

Sweden Calls for Action Over Ukraine Crypto ‘Fraud Factory’

Ukraine has been asked to act following a report of an alleged cryptocurrency fraud operation duping naive investors from Sweden's capital.

Policy & regulation  ·  4 March 2020
Australia

Australian Soccer Club Calls Off Purchase Deal With Controversial Crypto Company

Perth glory FC owner Tony Sage reportedly called off the deal after a due diligence trip to London last week.

Business  ·  26 February 2020
Fraud

Alleged Crypto Capital Operator Faces New Wire Fraud Charge

Reginald Fowler, an alleged operator of Crypto Capital, was indicted on wire fraud Friday, adding to four previous charges he already faced.

News  ·  21 February 2020
FBI

Gemcoin Founder Agrees to Plead Guilty to Fraud, Tax Evasion for $147M Scheme

Steve Chen agreed to plead guilty to tax evasion and conspiracy to commit wire fraud in connection with the $147 million Gemcoin scheme.

News  ·  19 February 2020
CFTC

CFTC Sues Alleged Crypto Ponzi Scammer for $500K Theft

The CFTC is charging Breonna Clark and Venture Capital Investments with defrauding investors by pretending to run a commodity pool invested in crypto and foreign currency contracts.

News  ·  14 February 2020
SEC

US Authorities Charge Crypto ‘Trading Club’ Operators With Defrauding 150 Investors

Michael Ackerman and unnamed business partners allegedly defrauded investors of $33M in a crypto-trading scheme targeting doctors.

News  ·  11 February 2020
CFTC

CabbageTech CEO Sentenced to 33 Months in Prison After Pleading Guilty in Fraud Case

Patrick McDonnell was sentenced to 33 months in federal prison and ordered to pay victims $225,000 after pleading guilty to charges he defrauded investors in his crypto trading platform, CabbageTech.

News  ·  16 January 2020
SEC

Longfin CEO Reaches $400,000 Settlement With SEC Over Fraud Charges

Venkata S. Meenavalli has agreed to pay $400,000 in both disgorgement and penalties related to a 2017 Regulation A+ offering the SEC deemed fraudulent.

News  ·  3 January 2020
Europe

OneCoin Founder’s Brother Faces 90-Year Jail Term After Plea Deal

The brother of OneCoin's infamous "Cryptoqueen," Konstantin Ignatov has reached a plea deal with U.S. authorities.

Markets  ·  14 November 2019
Fraud

US Prosecutors Charge Founder of ‘IGOBIT’ Token With Fraud

Prosecutors allege that Asa Saint Clair lured investors to invest in the "World Sports Alliance" using his IGOBIT digital currency.

Markets  ·  6 November 2019
Crime

ATM Coin Founders Ordered to Pay $4.25 Million for Fraud

A U.S. court fined the team and firms behind ATM Coin for fraud and misappropriation of client funds in a case brought by the CFTC.

Policy & regulation  ·  5 November 2019
Crime

Longfin Must Pay $6.8 Million After Court Backs SEC Fraud Complaint

A New York court has backed charges brought by the SEC that the fintech firm committed fraud relating to its public offering and Nasdaq listing.

Policy & regulation  ·  1 October 2019
Crime

Crypto Escrow Firm Chief Charged Over Alleged $7 Million Fraud

A man faces charges by the U.S. Attorney's Office and the CFTC over claims he took money for bulk bitcoin orders that were never delivered.

Policy & regulation  ·  1 October 2019