DoJ charges 2 over using fake identities to commit $30M ICO fraud
One of the frauds faked his identity to mask the fact that he was a convicted criminal in a financial crime, while the other posed as a wealthy investor.
Latest fraud News
Guilty plea for former NFL team owner, crypto fraudster
Reginald Fowler cops a guilty plea to running a shadow bank in order to avoid a longer prison sentence.
Crypto news weekly roundup
A look at some of the highlights of what is happening in the Bitcoin space this week.
HEX Token Scam claims dog Richard Heart’s scheme
Concerns are growing over the fate of ETH investments in a crypto token project known as HEX.
Dunamiscoins directors charged with crypto fraud in Uganda
Uganda-based Dunamiscoins was the subject of 4,000 complaints to local authorities following its unexpected collapse in December.
CFTC, South Korea crack down on fraud crypto scheme
The CFTC and the South Korean gov’t are pursuing Ben Reynolds, the operator behind Control-Finance crypto scam who’s vanished since he defrauded 1,000+ clients.
Fraud crypto site in Missouri ordered to cease and desist
Mavixbtc is alleged to have been misleading investors about its registration status since at least September 2019.
Crypto miner maker Ebang embroiled in legal scandal
A Shenzhen-listed company is accusing crypto miner maker Ebang of sales fraud.
Chinese fitness app busted for alleged crypto fraud
Fitness app Qubu is under investigation for alleged financial fraud and illegal fundraising practices.
Basel Committee calls for new rules on crypto regulation
The Basel Committee on Banking Supervision said a new conservative framework for regulation was required to tackle crypto-related risks.
Oregon crypto fraudsters face 2 years in jail over $140K BTC scam
Two Canadian men pleaded guilty to the fraud, which saw them falsely convincing their victim they were representatives of HitBTC.
Another fraudulent ICO busted by US SEC
Regulators across the globe have wisened up about how they operate and can more easily identify scammers and thieves who attempt to take advantage of investors.