BitConnect: US court enters judgment vs Future Money’s Glenn Arcaro
Glenn Arcaro previously pleaded guilty to conspiracy to commit wire fraud for his role in BitConnect and had $56 million seized by the Justice Department.
Glenn Arcaro previously pleaded guilty to conspiracy to commit wire fraud for his role in BitConnect and had $56 million seized by the Justice Department.
Jeremy Spence, 25, posed as a successful trader, lured investors and made off with over $5 million, according to the U.S. Department of Justice.
Ivar Auzins allegedly defrauded hundreds of investors and took off with at least $7 million through two unregistered digital asset securities offerings, according to the U.S. securities regulator.
News reports have emerged that solidify arrest rumors surrounding Celsius Network CFO Yarom Shalem in Tel Aviv, allegedly in relation to investor fraud worth tens of millions of U.S. dollars.
Tether has provided a loan to Celsius Network and was the lead investor in a US$30 million funding round in 2020 for the so-called “cryptocurrency bank.”
The SEC and DoJ have both filed charges against Ryan Ginster, whose five startups promised investors huge returns from digital currency trading and arbitrage.
The stash was seized from the “number one promoter” of the $2B BitConnect scam and is the largest single recovery of a digital currency fraud scheme ever.
Beitar Jerusalem football club owner was among those arrested over allegedly defrauding millions of shekels from investors, but he has denied the charges.
Local authorities received a report from a woman who claimed she had been defrauded through a well-orchestrated digital yuan scam.
Police in the city of Xuzhou has taken down an alleged ring of scammers associated with Filecoin miner maker IPFSUnion, arresting 31 and seizing USDT, FIL, and ETH.
ASIC has obtained court orders to shut down A One Multi Services, which it claims engaged in fraud and cashed out some of the funds into digital currencies.
Squid Game had several red flags and investors could have easily seen through the vague promises of a gaming metaverse, yet quick riches lured them in.