FBI issues warning against fake digital currency jobs in Southeast Asia
A May 22 warning from the FBI stated that U.S. citizens risk falling victim to job scams advertised for their competitive salaries and lucrative benefits.
A May 22 warning from the FBI stated that U.S. citizens risk falling victim to job scams advertised for their competitive salaries and lucrative benefits.
Prosecutors from the US Department of Justice disclosed that Las Vegas resident Bryan Lee promoted CoinDeal as an investment mechanism offering clients "extremely high returns."
The Moroccan trial court handed down an 18-month prison sentence on 21-year-old French citizen Thomas Clausi and a steep fine of 3.4 million EUR ($3.7 million).
On May 3, the U.K. government announced a blanket ban on cold calls selling financial products, including digital assets, which covers legitimate calls as well as scams.
The bad actors allegedly pay for Google ads to rank first on search results for several keywords that urge users to enter their wallet login details on the websites, according to Scam Sniffer.
South African national Steynberg was charged with the offense of operating a multi-level marketing scheme, which stole over 29,421 BTC from thousands of investors.
Esteban Cabrera Da Corte, the man behind the Miami-based syndicate operating a refund scheme, entered a guilty plea that would likely reduce his 20-year sentencing over wire fraud.
If found guilty, Kane, Wolvaardt, and Hampton will face five years in prison for conspiracy to commit securities price manipulation and 20 years on other charges.
If convicted by Turkish courts, Faruk Fatih Ozer, CEO of defunct Thodex exchange, could face over 10 years in prison and disgorgement of illicit gains.
A recent report by the ACCC revealed that scammers swindled $2.1 billion in 2022—a new record—with investment scams accounting for half the losses.
With the correct and legal approach, AI can help make the digital currency industry more secure, efficient, and transparent, creating a more sustainable and accessible ecosystem for all stakeholders.
The U.S. Department of Justice charged Rashawn Russell with wire fraud, while the CFTC filed a civil enforcement action against him for fraudulently soliciting investors to invest in a digital asset trading fund.