Latest News Of fraud Tag

US regulator calls for global cooperation to stop fraudulent ICOs

Business 5 days ago

US regulator calls for global cooperation to stop fraudulent ICOs

Initial coin offerings (ICOs) are outright frauds that need to be stopped, according to the U.S. Securities and Exchange Commission (SEC). This is why it has become hard for regulators to monitor ICOs activities in ...

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Illegally plugging fraud ICO leads to $750K penalty for Mayweather, DJ Khaled

Business 1 week ago

Illegally plugging fraud ICO leads to $750K penalty for Mayweather, DJ Khaled

Securities regulators in the United States have fined two celebrities who were found to have failed to disclose that they were paid to promote initial coin offerings (ICOs). Professional boxer Floyd Mayweather Jr. and music ...

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AriseBank CEO arrested by FBI over $4M scam

Business 2 weeks ago

AriseBank CEO arrested by FBI over $4M scam

Another scammer targeting the cryptocurrency space has been taken out. In a press release by the U.S. Department of Justice (DOJ) from last Wednesday, the agency announced that the Federal Bureau of Investigation (FBI) has ...

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Cyprus court drops charges against BTC-e founder

Business 2 weeks ago

Cyprus court drops charges against BTC-e founder

Alexander Vinnik, who allegedly founded the BTC-e cryptocurrency exchange before running off with everyone’s money, just got a brief reprieve. A district court in Cyprus has reportedly dropped a number of charges that had been ...

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Alleged BTC-e operator goes on hunger strike to protest extradition

Business 2 weeks ago

Alleged BTC-e operator goes on hunger strike to protest extradition

A former cryptocurrency exchange executive accused of using BTC to launder billions of dollars is preparing to go on hunger strike, according to statements issued by his legal team. Russian citizen Alexander Vinnik was arrested ...

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Silicon Valley exec loses $1M in SIM card hack

Business 3 weeks ago

Silicon Valley exec loses $1M in SIM card hack

SIM card scams are becoming a major issue. This past July, a Californian man barely out of his teens was arrested for his alleged involvement in a theft ring that reportedly stole over $5 million ...

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Colorado securities comes after new batch of alleged fraud ICOs

Business 3 weeks ago

Colorado securities comes after new batch of alleged fraud ICOs

Regulators in Colorado are closing in on as many as 20 initial coin offerings (ICOs) following investigations into the practice, according to a press release issued by the state Division of Securities. Commissioner Gerald Rome ...

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North Dakota securities chief clamps down on ‘fraudulent’ Union Bank Coin

Business 3 weeks ago

North Dakota securities chief clamps down on ‘fraudulent’ Union Bank Coin

The North Dakota Securities Commissioner has issued a cease and desist order against Union Bank Payment Coin, over suggestions it had been promoting fraudulent securities in the form of its recent initial coin offering (ICO). ...

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To prevent tax fraud, Spain will keep an eye on 15,000 crypto investors

Business 3 weeks ago

To prevent tax fraud, Spain will keep an eye on 15,000 crypto investors

The Spanish Ministry of Finance is to inspect some 15,000 individuals who have engaged in cryptocurrency transactions over the last year, Spanish-language news outlet El Pais reported. The announcement follows on from the introduction of ...

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Crypto fraud scheme lands US trader in jail, plus $1.1M in fines

Business 4 weeks ago

Crypto fraud scheme lands US trader in jail, plus $1.1M in fines

Regulators around the world have been keeping busy in recent months with the sheer volume of enforcement actions against rogue initial coin offerings (ICOs) and crypto scammers. In the United States, the Commodity Futures Trading ...

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To fund regime, North Korea hacked crypto exchanges, ran ICOs: report

Business 4 weeks ago

To fund regime, North Korea hacked crypto exchanges, ran ICOs: report

North Korea, which has described itself as a self-reliant socialist state, has been hacking cryptocurrency exchanges in South Korea as well as running ICOs to raise money, according to extraordinary reports. Following previous research from ...

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Regulators bring down more ICOs in Colorado

Business 4 weeks ago

Regulators bring down more ICOs in Colorado

State regulators in Colorado got tough with for more initial coin offerings (ICOs), putting a cease and desist order on them last week. This brings the total number of ICOs rebuked by the state to ...

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