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...
Tag : fraud
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...
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....
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...