Latest News Of fraud Tag

Connecticut man gets jail time over Bitcoin phishing scheme

Tech 12 April 2019

Connecticut man gets jail time over Bitcoin phishing scheme

Michael Richo, 37, was charged with fraud and money laundering offenses for his involvement in a Bitcoin phishing scheme, according to the U.S. Attorney’s Office for the District of Connecticut.

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2 charged in Singapore over promotion of crypto fraud OneCoin

Business 11 April 2019

2 charged in Singapore over promotion of crypto fraud OneCoin

Police said the scam roped in new participants with promotional tokens which could be used to mine for OneCoin, a practice which is expressly prohibited under pyramid selling laws.

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Crypto traders in Nigeria accuse Paxful exchange of robbery, fraud

Business 9 April 2019

Crypto traders in Nigeria accuse Paxful exchange of robbery, fraud

Cryptocurrency exchange Paxful is in hot water in Nigeria after crypto traders in the country claimed the firm has been closing down their accounts illegally.

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Pakistan to close down nine cryptocurrency dealers

Business 2 April 2019

Pakistan to close down nine cryptocurrency dealers

The SECP initiated actions against nine companies for fraudulently dealing in cryptocurrencies.

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Vanbex blockchain company faces prosecution over fraudulent ICO

Business 1 April 2019

Vanbex blockchain company faces prosecution over fraudulent ICO

Like many before them, founders of the Vanbex blockchain services company thought they could get away but law enforcement officials have dropped the hammer.

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New Yorker accused of crypto investment fraud arrested

Business 27 March 2019

New Yorker accused of crypto investment fraud arrested

A New York resident faces charges of fraud for a scheme to defraud investors in a crypto advisory business.

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Binance partners with IdentityMind for KYC compliance

Business 27 March 2019

Binance partners with IdentityMind for KYC compliance

The exchange has previously partnered with Chainalysis, but the partnership with IdentityMind makes it so that Binance can work harder to meet regulations all around the world.

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AriseBank CEO pleads guilty to $4.2M fraud

Business 22 March 2019

AriseBank CEO pleads guilty to $4.2M fraud

Jared Rice has entered a guilty plea to one charge of securities fraud, but could have implicated himself in lying to investors during his time at AriseBank.

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CEO pleads guilty to selling ‘Bitcointopia’ land he didn’t own

Business 12 March 2019

CEO pleads guilty to selling ‘Bitcointopia’ land he didn’t own

Morgan Rockcoons is no exception pitched the idea of a “Bitcointopia” to many individuals last year, offering to sell them land that he claimed to own in Nevada.

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Bitcoin Private accuses HitBTC of fraud, blackmail following delisting

Business 11 March 2019

Bitcoin Private accuses HitBTC of fraud, blackmail following delisting

In a letter written by the Petros Law Group, more details behind the delisting of Bitcoin Private have come to light.

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US calls OneCoin huge pyramid scheme, charges leaders

Business 11 March 2019

US calls OneCoin huge pyramid scheme, charges leaders

Konstantin Ignatov, who runs OneCoin Ltd, and his older sister Ruja Ignatova were accused of swindling investors in a scheme conceived as a fraud.

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South Korea creates task force to fight crypto fraud

Business 8 March 2019

South Korea creates task force to fight crypto fraud

South Korean authorities want to make sure that consumers are protected from fraud and other crimes, especially in the nascent cryptocurrency world.

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