Who does more jail time: Sam Bankman-Fried or Mexican cartel’s BTC launderer?
Both Sam Bankman-Fried and Martin Mizrahi committed crimes they should have realized would eventually be exposed while insisting on their innocence to the end.
Latest wire fraud News
Coinbase protests as judge declares token trades are securities transactions
Coinbase filed a notice to Judge Polk Failla on March 5, saying that Judge Lin's ruling "was procured against an empty chair and its reasoning reflects as much."
FTX’s Sam Bankman-Fried seeks dismissal of charges; DCG’s Barry Silbert on the ropes
Sam Bankman-Fried appears to concede that charges of fraud and money laundering filed against him have merit as his attorneys filed pretrial motions to dismiss 10 of the 13 charges by the U.S. Department of Justice.
SPAC ex-CFO gets 3 years in prison over $5M stolen for meme stocks, digital assets trading
Cooper Morgenthau is charged with stealing from two SPACs and falsified financial documents, using the money to trade meme stocks and digital assets, where he lost it all.
Sam Bankman-Fried out of jail on $250M bail… sort of
Just a day after his extradition from the Bahamas to New York City, FTX CEO Sam Bankman-Fried was freed on a US$250 million bond, although he'll have to remain under virtual house arrest.
OneCoin co-founder pleads guilty to operating Ponzi scam, faces 40 years in US prison
Karl Sebastian Greenwood served as OneCoin’s “global master distributor” and was the head of the multi-level marketing scheme, earning GBP20 million each month, according to court documents.
Onecoin crisis manager facing fraud, money laundering charges fights to prevent US extradition
If tried in his home country of Luxembourg, Frank Schneider will face up to five years in prison, but extradition to the U.S. could see him face 40 years in prison.
DoJ charges Instagram personality in $2.5M digital currency fraud
Jegara Igbara, also known as Jay Mazini, is accused of inducing his victims to send him BTC but failed to pay them back, authorities said.
McAfee bodyguard pleads not guilty in $13M digital currency fraud case
Jimmy Gale Watson Jr. faces a seven-count indictment including conspiracy to commit securities fraud and substantive wire fraud.
DoJ charges 6 with running illegal $10M digital currency business
The U.S. Department of Justice has charged six people with operating an unregistered money transmitting business.
Serbian man involved in $70M digital currency scam extradited to US
Antonije Stojilkovic is alleged to have been part of a crime ring that created several bogus investment platforms that lured investors with promises of huge profits.
Another US teen charged with SIM-swap digital currency theft
The U.S. Justice Department has charged a 19-year-old who allegedly masterminded the stealing of digital currencies through SIM swapping.