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Nigerian Court Sentences Crypto Fraudster to One Year in Jail, Accused Given Option to Pay Fine – Bitcoin News

A Nigerian court has convicted and sentenced a man to one year in prison who is accused of duping an unsuspecting cryptocurrency investor. On its charge sheet, the prosecution said that the man had contravened Nigeria’s anti-fraud laws and hence should be punished accordingly. Fake Cryptocurrency Investment Scheme A court in

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Exec at Composable Finance allegedly doxed as convicted fraudster Omar Zaki

Late Friday afternoon, decentralized finance, or DeFi, investigator @zachxbt published a series of tweets accusing fraudster Omar Zaki of hiding behind the facade of 0xbrainjar, the anonymous head of product at Composable Finance.From last November to this February, Composable Finance raised over $167 million through seed funding, as well as

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Alleged South African Bitcoin Fraudster Makes First Court Appearance Since Arrest – Regulation Bitcoin News

Sandile Shezi, the South African bitcoin trader accused of defrauding investors, recently made his first court appearance before a Johannesburg magistrate. Shezi out on Bail The bitcoin trader’s court appearance came just days after he honored his pledge to surrender himself to the police. However, according to a report by the

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German Fraudster Refuses to Give Police Passwords to $60M Bitcoin Wallet

German authorities have seized a Bitcoin wallet containing 1,700 BTC, valued at approximately $60 million at the current price. However, the wallet owner refuses to cooperate in disclosing the password. The seizure came about after an investigation into covert crypto-malware installations over two years ago. The fraudster at the heart of

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US SEC Traces $3.5M Back To Alleged Fraudster Behind Fake Crypto Mine

Recent charges from the U.S. Securities and Exchange Commission (SEC) tied three parties to $3.5 million in fraudulent activities. The SEC has pressed charges of fraud against Donald Blakstad, crypto mining outfit Energy Sources International Corporation (ESI) and vehicle part company Xact Holdings Corporation, according to a Jan. 8 document

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US Gov’t Extradites Alleged Fraudster for Selling Fake Securities for $11M in BTC

The United States has extradited a Swedish national from Thailand for allegedly selling fraudulent securities to investors online, garnering over $11 million worth of Bitcoin (BTC).Per a press release from the U.S. Department of Justice (DoJ) published on Nov. 18, Roger Nils-Jonas Karlsson is on his way to the

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