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The United States Securities and Exchange Commission (SEC) on Jan. 12 charged cryptocurrency lending firm Genesis and crypto exchange Gemini with offering unregistered securities through Gemini's "Earn" program.“We allege that Genesis and Gemini offered unregistered securities to the public, bypassing disclosure requirements designed to protect investors,” said SEC Chair Gary
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Two additional promoters of the Forcount Ponzi scheme – a Brazil-based crypto scam that defrauded Spanish-speaking investors around the world of a collective $8.4 million – have been arrested and charged with fraud for their role in the alleged grift. Source
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“It’s alleged that Michel defrauded investors by making false representations of, amongst other things, giveaways, tokens with staking features, and merchandise collections,” wrote Thomas Fattorusso, Acting Special Agent-in-Charge with the Internal Revenue Service (IRS)’s Criminal Investigation team. Original Source
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U.S. prosecutors revealed a litany of charges against Sam Bankman-Fried, the founder and former CEO of crypto exchange FTX, including wire fraud, conspiracy to commit money laundering and campaign finance violations early Tuesday. Source
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Their first company, HashCoins, which launched in December 2013, purported to be a manufacturer of crypto mining equipment, and took orders (and payment in full) from customers who wanted to purchase miners. However, according to the indictment, HashCoins never manufactured anything – instead, it re-sold mining equipment purchased on the
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Another one of Wolfgramm’s businesses, Ohana Capital Financial (OCF), allegedly offered financial services to companies that could not get traditional bank accounts, marketed with the slogan “Banking the Unbankable.” Wolfgramm supposedly told investors that OCF had a board of advisors and that customer funds were bonded, when, in reality, he
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The amount transferred by three Islamic extremists is estimated at around 280,000 euros, one news outlet reported. Source
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In a complaint filed Monday in the Western District of Texas’s Austin Division, the U.S. Securities and Exchange Commission (SEC) said Balina promoted an unregistered securities offering for SPRK tokens between April and July of 2018, and did not disclose that he was paid by the Cayman Islands-based issuer, Sparkster
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Authorities arrested Esteban Cabrera Da Corte, Luis Hernandez Gonzalez and Asdrubal Ramirez Meza Tuesday morning, alleging the group used stolen identities to purchase millions in cryptocurrencies on a “Cryptocurrency Exchange,” in 2020. The purchases were funded with bank transfers, and after buying the crypto, the men disputed the transactions with
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Summary: The US Attorney’s Office of the Southern District of New York has charged a former Coinbase employee with insider trading. The Coinbase employee allegedly tipped off his brother and friend on new crypto listings on Coinbase’s exchanges. He is being charged alongside his brother and friend. A former Coinbase employee is being charged
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