Cryptocurrency Analysis and News Portal
A former Deutsche Bank investment banker — who was charged earlier in 2023 in relation to a fraudulent cryptocurrency trading scheme — has pleaded guilty to investment fraud and could face up to 30 years in prison.According to a Sept. 19 statement from the United States Department of Justice (DOJ),
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Digital Currency Group (DCG) has proposed a new agreement plan for the creditors of the now-bankrupt Genesis Global that would also see Gemini Earn users recover nearly all of their claims.In a new filing on Sept. 13, DCG outlined a plan that estimates “unsecured creditors a 70–90% recovery with a
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Football legend Ronaldinho denies involvement in a controversial crypto scheme 18k Ronaldinho, while testifying before a legislative committee. Brazilian football legend and global icon Ronaldinho directly refuted allegations linking him to a cryptocurrency-based financial pyramid. Testifying before
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied US authorities are preparing to charge FTX founder Sam Bankman-Fried with an illegal campaign finance scheme, per court documents filed on Aug. 8. In a twist to the legal case, the prosecutors plan to file a superseding
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The United States Attorneys’ offices has announced another superseding indictment against former FTX CEO Sam Bankman-Fried (SBF) which will include considering an allegedly illegal campaign finance scheme.In an Aug. 8 letter to Judge Lewis Kaplan, U.S. Attorney Damian Williams said the Department of Justice plans to pursue seven charges against
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Indian Economic Offenses Wing (EOW) revealed a crypto-related Ponzi scheme exploiting over 200,000 individuals across different states in India. According to a report by Asian News International (ANI), Solar Techno Alliance developed a digital asset
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The SEC charged Draper, Utah-based DEBT Box, as well as the company’s four principals and 13 other defendants, with operating a scheme that began in March 2021 to sell unregistered securities called “node licenses.” Defendants told investors that the licenses would mine cryptocurrency that would increase in value, when in
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George Santos, a first-term member of the House of Representatives, is under indictment for thirteen felonies, including allegedly embezzling contributions from supporters, fraudulently collecting unemployment checks and lying in disclosures to the House. But one of his more bizarre schemes, which involved cryptocurrency, seemed to be inspired by the classic
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A Tennessee husband and wife are facing charges over “Blessings of God Thru Crypto” — an allegedly fraudulent investment scheme that swindled at least $6 million from over 100 victims in just six months.A July 24 complaint from the Commodity Futures Trading Commission (CFTC) said Michael and Amanda Griffis used
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Several suspects have been apprehended in China for selling used graphics cards as new to crypto miners in a counterfeit operation, reports on July 20 reveal. Their modus operandi involved purchasing relatively new GPUs in bulk from miners, cleaning
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