Promoter of Crypto Scheme Touted by Steven Seagal Pleads Guilty, Faces 5 Years in Prison – Regulation Bitcoin News
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Prison
Owner of Crypto Exchange RG Coins Gets 10 Years in Prison for Laundering $5M
The owner and manager of cryptocurrency exchange RG Coins has been handed a lengthy prison term for his involvement in a multi-million dollar scheme to defraud U.S. citizens.According to a Tuesday press release from the Department of Justice, U.S. District Court Judge Robert Weir sentenced Rossen Iossifov to a 10-year
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Irish Man Gets 3 Years in Prison for Stealing $2.5M in Crypto Through SIM Hacks
A Dublin man involved in the theft of more than $2 million in cryptocurrency through SIM-swap attacks has been sentenced to almost three years in prison.Conor Freeman, 21, was handed down a two-year and 11-month sentence in the Dublin Circuit Criminal Court on Tuesday. He had pleaded guilty to several
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Charged Aussie Bitconnect promoter faces up to 47 years in prison
The Australian Securities and Investments Commission, or ASIC, has charged the former Australian national representative of BitConnect for his involvement in the multi-billion-dollar crypto Ponzi scheme.According to a Nov. 17 statement from the ASIC, the commission — with assistance from the U.S. Federal Bureau of Investigation — has charged John
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Ex-Microsoft Dev Gets 9 Years in Prison Over $10M Theft Involving Bitcoin Mixing
A former software engineer at Microsoft received a nine-year prison sentence Monday for an elaborate multi-million dollar criminal scheme involving bitcoin and digital gift cards.Ukrainian citizen Volodymyr Kvashuk, 26, was sentenced in the U.S. District Court in Seattle for 18 federal felonies related to his scheme to defraud Microsoft of
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US Prosecutors Seek ‘Substantial’ Prison Sentence for Centra Tech Co-Founder in $25M Fraud Token Sale
U.S. federal prosecutors are seeking a substantial prison sentence for Robert Farkas, one of the co-founders of crypto project Centra Tech, which garnered multiple celebrity endorsements for its initial coin offering (ICO) in 2017. Farkas later pleaded guilty to fraud. In a sentencing submission filed with the U.S. District Court for
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‘Casino Jack’ Abramoff Charged in AML Bitcoin Cryptocurrency Fraud Case, Could Return to Prison
Jack Abramoff, the lobbyist behind one of the biggest Washington lobbying scandals as portrayed in the feature film Casino Jack, has been charged in connection with AML bitcoin cryptocurrency. He faces returning to jail after previously serving three and a half years in prison.Jack Abramoff Charged in Cryptocurrency Fraud
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Even Putin Couldn’t Save This Dark Web Mastermind From Prison
A Russian hacker was sentenced to nine years in prison by a U.S. court on June 26. The hacker, Aleksei Burkov, was previously considered to be of personal interest by Russian President, Vladimir Putin.Exclusive cybercrime with premium $5k membership feeBurkov was accused of running a website called “Cardplanet” which sold
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Satoshi Nakamoto Candidate Paul Le Roux to Start Bitcoin Mining Business After Prison Time
A possible Satoshi Nakamoto, the mysterious creator of Bitcoin, has been sentenced to 25 years in prison. Criminal mastermind Paul Le Roux told the judge that upon his release he plans to “start a business selling and hosting bitcoin miners,” claiming that his ASIC chip design will “have an
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Bitcoin Could Become Like ‘Prison Cigarettes’ Amid Deepening Financial Crisis
In an interview with Cointelegraph, John Vaz, economist and academic at Monash University, asserts that the outlook for Bitcoin (BTC) and cryptocurrency is dependent on the response from governments to the current economic crisis.John also emphasizes the importance of wider adoption and acceptance of cryptocurrencies, likening Bitcoin’s possible role
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