Stefan He Qin was the founder of two hedge funds in New York that claimed to be highly profitable, who was accused of embezzling tens of millions of clients’ funds.
Dwyer, the former head of operations at BitMEX, will join his colleagues including ex-CEO Arthur Hayes to face banking law breach charges in the United States.
Ghaleb Alaumary is accused of having helped North Korean hackers who made off with $1.3 billion targeting banks and digital currency firms, among other crimes.
Ackerman is accused of luring investors with promises of 15% monthly returns on BTC trading, attracting over $37 million and made false claims while siphoning the funds.
AriseCoin is accused of dupin g investors into believing it was the world’s first decentralized banking platform and that it could offer FDIC-insured traditional banking services.
Justin Cheng, who is charged with defrauding the U.S. government with over $7 million in a well-orchestrated COVID relief scam, has been sentenced to seven years in prison by a federal court.
The two raised $1.9 million by selling over 600 million native tokens, all while issuing false statements, presenting fake profitability statements and making unattainable promises to the investors, authorities said.
In its job post, the department outlined that the successful applicant will serve as an expert on digital currencies and blockchain technology. The position will be in the department’s money laundering section.
Michael Yusko, of New Orleans, is accused of selling BTC and ETH to his customers via his five companies, all of which were unregistered as money transmitting business.
The DoJ issued the guidance to U.S. attorney’s offices across the country, alerting them to the rising danger cybercriminals pose and urged for coordinated response and investigation with Washington.
Kais Mohammad pleaded guilty to the charges of money laundering, operating unlicensed money transmitting business and failing to maintain an effective anti-money laundering program in 2020.