AML Bitcoin: SEC fights bid to dismiss $5.6M fraud case
The SEC urged the judge to dismiss the NAC Foundation’s claims the case has no merits, arguing that they sold securities without the registering with the regulator.
Latest scam News
Meta 1 Coin: SEC files for default judgment against $9M scam
The securities regulator alleged that the operators of Meta 1 Coin defrauded investors in the U.S. and beyond of over $9 million.
Rapper TI’s associates fined $103K over scam ICO promotion
Three associates of U.S. rapper and actor Clifford Joseph Harris Jr. will have to part with $103,000 in connection with their alleged roles in promoting an ICO scam.
Australian regulator indicts BitConnect promoter John Bigatton
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.
$35M BTC mining scammer tried to flee from FBI on ‘sea scooter’
When FBI tried to arrest Matthew Piercey on Monday, he jumped on to pickup truck and led them on a wild chase that went off-road twice.
OneCoin trial sentencing deferred 6 months for ‘cooperation’
Konstantin Ignatova had been due for sentencing on July 8, which at the time was extended for a period of a further four months.
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DoJ seizes $24M in digital currency from alleged Brazilian scammer
Federal authorities said the digital currencies were tied to Marcos Antonio Fagundes, who is facing charges in connection with the scam that defrauded $200 million from investors.
Centra Tech founder deserves ‘substantial’ prison time: US prosecutors
In their sentencing memorandum, prosecutors laid out their arguments as to why Robert Farkas deserved a heavy prison sentence.
$6M My Big Coin Pay scam denied motion for leave to appeal 2018 ruling
The CFTC described My Big Coin Pay as a Ponzi scheme which had used false statements to drive up the value of its coin.
Beware of election-related digital currency scams
Some cybercriminals are taking advantage of the presidential election in the United States to facilitate digital currency related scams.
Operators of $1B Ponzi scheme WoToken sentenced to 9 years in prison
A Chinese court has also ordered law enforcement agencies to seize $63.6 million worth of ill-gotten gains from the WoToken scam.