SEC targets Mining Automatic over alleged $22M crypto mining fraud
The U.S. Securities and Exchange Commission has sued Mining Automatic and its owner, Zan Shaikh, after they allegedly raised about $22 million from more than...
Tag : fraud
Taiwan court sentences BitShine founder to 22 years in $39M crypto fraud
Taiwan has sentenced the alleged mastermind behind the BitShine crypto exchange to 22 years in prison after finding he led a fraud and money laundering...
Three Men Jailed for Posing as Police in $5.3M UK Crypto Fraud
In brief Three men have been jailed in the UK for a £4 million cryptocurrency fraud in which they impersonated police officers to trick eight...
UK Fraud Review Calls for Judge Training on Crypto Laundering, AI Scams
In brief A UK government-commissioned review recommends the Judicial College prepare all judges, including magistrates, for a likely rise in cases involving AI-enabled fraud and...
DOJ abandons BitClub founder case despite $722M fraud claims
The U.S. Department of Justice has reportedly moved to dismiss its criminal case against the founder of BitClub Network despite allegations that the crypto mining...
CFTC charges commodity, crypto pool operator with $14M fraud
The US Commodity Futures Trading Commission has sued a North Carolina man, accusing him of operating a commodity pool featuring crypto that defrauded investors of...
CFTC sues crypto pool operator over alleged $14M fraud
The CFTC has sued a North Carolina man and his company over an alleged commodity pool fraud tied to crypto and futures trading. Summary CFTC...
Judge revives fraud claim against Barry Silbert, DCG
A federal judge has revived a fraud claim against Barry Silbert, Digital Currency Group, and other defendants in a lawsuit tied to the failed Genesis...
Chinese billionaire Miles Guo gets 30 years in $1B crypto fraud case
Self-exiled Chinese billionaire Miles Guo has been sentenced to 30 years in a U.S. prison after being convicted in a fraud scheme that prosecutors said...
SEC wins $5.4M judgment in NanoBit crypto fraud case
The US Securities and Exchange Commission has won its fraud suit against crypto platform NanoBit Limited, nearly two years after the agency accused it of...