The Financial Sector Conduct Authority said it’s receiving a large number of complaints from South African investors who have lost their savings through digital currency scams.
The Free Competition Defense Court has ordered Banco Itaú and BancoEstado to open account services for local digital currency exchange Buda.com.
A lawyer representing plaintiffs in a class-action lawsuit against an alleged billion-dollar digital currency scam is calling for forceful action against the perpetrators.
Jose Angel Aman defrauded investors in Canada and the United States from 2014 to 2019, soliciting them to invest in diamond contracts, authorities said.
A Chinese court also fined the PlusToken operators up to $900,000 for their roles in the $2.25 billion Ponzi scheme.
Gutenberg Dos Santos will now stand trial in a New York court together with four others who were arrested in the United States.
John Bigatton is accused of operating an unregistered managed investment scheme and providing financial advice without a license to do so, contrary to the laws of Australia.
Konstantin Ignatova had been due for sentencing on July 8, which at the time was extended for a period of a further four months.
Breonna Clark, who also went by Alexander Pak to her clients, will have to pay $450,302 in restitution to the clients she defrauded.
The CFTC described My Big Coin Pay as a Ponzi scheme which had used false statements to drive up the value of its coin.