Fake Crypto Influencer Gets 15 Months for $1.4M Telegram Staking Fraud
In brief A New York man, Noman Saleem, 39, was sentenced to 15 months in prison for a wire-fraud scheme that impersonated well-known crypto influencers....
Tag : fraud
Michael Saylor fires back as STRC crash sparks fraud claims
Strategy co-founder Michael Saylor has defended the company’s Bitcoin-backed capital strategy after its STRC preferred stock fell well below its $100 par value and triggered...
Sam Bankman-Fried loses appeal as U.S. court upholds FTX fraud conviction
Sam Bankman-Fried has lost his appeal to overturn his 2023 fraud conviction and 25-year prison sentence, leaving the former FTX chief with fewer legal options...
Sam Bankman-Fried Loses Appeal as Federal Court Upholds 'Robust' Fraud Conviction
In brief A federal appeals court unanimously upheld Sam Bankman-Fried’s fraud conviction and 25-year prison sentence. Judges rejected his argument that FTX could have repaid...
Seattle-Area Man Gets Prison for Laundering Foreign Fraud Funds With Bitcoin, Ethereum
In brief A 47-year old man from the Seattle area helped defraud investors of nearly $100 million, prosecutors said. Victims thought they were investing in...
Washington man gets five years for laundering $97M in fraud proceeds
A Newcastle, Washington, man has received five years in prison for helping move fraud proceeds through bank accounts and crypto exchanges. The U.S. Attorney’s Office...
Coinbase freezes $3M tied to Southeast Asia crypto fraud networks
Crypto exchange Coinbase said it froze more than $3 million in cryptocurrency tied to a global operation targeting cyber-enabled crypto scam networks in Southeast Asia. ...
SEC charges Texas man with $12.3M crypto fraud using fake AI trading bots
The Securities and Exchange Commission has charged a Texas man with running a crypto fraud scheme that raised $12.3 million from roughly 150 investors by...
Celsius Founder Alex Mashinsky Files to Have 12-Year Crypto Fraud Sentence Vacated
In brief Celsius founder Alex Mashinsky filed a motion to vacate his 12-year prison sentence. The former crypto lending CEO cited ineffective counsel as a...
Ex-Hodlnaut CEO charged with fraud over Terra exposure claims
Former Hodlnaut CEO Zhu Juntao was charged in Singapore with six counts of fraud by false representation, in a case tied to statements Zhu and...