Missing Thodex CEO may face 40,000+ years behind bars in new indictment
The indictment by Turkish prosecutors also seeks similar sentences for 20 other defendants whom it charges with informatics systems fraud and money laundering.
The indictment by Turkish prosecutors also seeks similar sentences for 20 other defendants whom it charges with informatics systems fraud and money laundering.
The two 20-year-old men, who were arrested in California, allegedly sold 8888 NFTs in early January before abandoning the project and vanishing with the ETH from investors.
Asa Saint Clair founded the World Sports Alliance, which he claimed was a close affiliate of the United Nations, and sold the native IGObit token to some 60 unsuspecting investors.
The Australian Competition and Consumer Commission alleges Meta either knew the ads were misleading or assisted the scammers in attracting their target audience, while benefiting from placement revenue.
A digital asset pyramid scheme that allegedly defrauded over RMB 100 million from 60,000 Chinese investors has been busted by police in Shanghai.
The CFTC and DOJ charged the four with defrauding investors through Empowercoin, Ecoinplus, and JetCoin, which were described as digital asset multi-level marketing scams.
Federal authorities said the two siblings marketed Ormeus Coin through roadshows and YouTube videos, falsely claiming to be backed by a mega-mining firm and mining $8 million a month.
The Financial Conduct Authority opened investigation into 300 digital asset firms and stopped 1 in 4 companies from joining the market as reports of scam and fraudulent activities rose in 2021.
A San Diego court charged Satish Kumbhani with wire fraud, conspiracy to commit commodity price manipulation, and international money laundering.
The Japan Exchange Group says it has received reports of an ongoing attempt to defraud investors by scammers who pose as subsidiaries of the stock trading behemoth.
The 11th Circuit Court of Appeals overturned an earlier judgment which threw out the class-action lawsuit against the promoters as they only used online means.
The watchdog warned about the various scams in the metaverse, including illegal fundraising for pump-and-dump tokens and overhyped virtual real estate.