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A class action lawsuit against celebrities who allegedly promoted the now-bankrupt FTX has scored the cooperation of a former exchange executive — ex-compliance chief Daniel Friedberg.A May 11 proposed amended complaint filed in a Florida District Court from the class action lawyers said Daniel Friedberg provided evidence that promotional activity
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The promoters of the TruthGPT Coin and Elon Musk AI Token have been served with a cease and desist order by the Texas State Securities Board. The order comes as an attempt to stop what they
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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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Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, has commented on the collapse of crypto exchange FTX, stating that “it is partly fraud and party delusion.” Noting that “the country did not need a currency that’s good for kidnappers,” he stressed: “I basically like the existence of the
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Each of the “Crypto Crusaders” – Sarah Thiessen, Carlos Martinez, Ronald Deering, Cheri Beth Bowen and Alisha Shepperd – has been charged with fraud and the offering and sale of unregistered securities, along with two other promoters, Samuel Ellis and Mark Hamlin, who made YouTube videos advertising Forsage. Source
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Fraudsters promoting online cryptocurrency scams in the United Arab Emirates (UAE) now face a possible five-year jail sentence plus a fine of up to $272,000, according to a report. The new measures, which are set to take effect on January 2, 2022, are part of the government’s effort to protect
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The U.S. Securities and Exchange Commission (SEC) prosecution of rapper T.I.’s 2017 initial coin offering (ICO) has netted $103,000 in court-ordered fines and penalties for the agency, this time from associates of the Atlanta-based act.Defendants Chance White, Owen Smith and William Sparks were all named in the original September FLiK
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Two promoters of a major cryptocurrency exit scam, OneCoin, have been found dead in Mazatlan, Sinaloa Mexico.Oscar Brito Ibarra and Ignacio Ibarra, two major OneCoin promoters, were apparently kidnapped and killed in Mexico, Cryptox en Español reports on July 14. According to the report, the two men were promoting OneCoin
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