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.
Reginald Fowler cops a guilty plea to running a shadow bank in order to avoid a longer prison sentence.
Uganda-based Dunamiscoins was the subject of 4,000 complaints to local authorities following its unexpected collapse in December.
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.
Mavixbtc is alleged to have been misleading investors about its registration status since at least September 2019.
Fitness app Qubu is under investigation for alleged financial fraud and illegal fundraising practices.
The Basel Committee on Banking Supervision said a new conservative framework for regulation was required to tackle crypto-related risks.
Two Canadian men pleaded guilty to the fraud, which saw them falsely convincing their victim they were representatives of HitBTC.