Tag: fraud
CFTC secures $13M Court order against K.E.L. Enterprises, Dwight Foster for FX fraud
The Commodity Futures Trading Commission (CFTC) today announced Judge Sean F. Cox of the U.S. District Court for the Eastern District of M [...]
I.R.S. Extends Freeze of Pandemic-Era Tax Credit Amid Widespread Fraud
An internal analysis conducted by the agency found that up to 90 percent of claims are potentially fraudulent.
www.nytimes.com [...]
Terraform Labs, Do Kwon Agree to Pay U.S. SEC a Combined $4.5B in Civil Fraud Case
Of the $4,473,828,306 that Terraform Labs and Kwon must pay to the SEC in disgorgement, prejudgment interest, and civil penalties, Kwon must pay at le [...]
Crypto Hacks Net $19B Since 2011 and Illegal Activity on Blockchain Is Still Growing
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New York AG Pushes Back Against DCG, Silbert’s Motion to Dismiss Fraud Case
DCG and Silbert have denied that the promissory note was a sham. In their motions to dismiss, lawyers for DCG and Silbert claimed that the note was fu [...]
NYAG Sues 2 Crypto Pyramid Schemes, Promoters Targeting Haitian-Americans in $1B Scam
The Petions were two of AWS Mining’s top promoters – each recruiting at least 200,000 investors to their “downline” – earning them both the ceremonial [...]
Florida Man Pleads Guilty to Wire Fraud Conspiracy Tied to Forcount Crypto Ponzi
Juan Tacuri, 46, of Florida, pleaded guilty to one count of conspiracy to commit wire fraud in the Southern District of New York (SDNY), a charge whic [...]
Epoch Times CFO Bill Guan Charged With $67M Fraud Scheme Involving Crypto Platform
“Under Guan’s management, members of the team and others used cryptocurrency to knowingly purchase tens of millions of dollars in crime proceeds, incl [...]
Election fraud claims being reviewed by Derbyshire police
Police are reviewing claims of election fraud they have received relating to "concerns around marketing material".It comes after the Conservative cand [...]
‘2,000 Mules’ Producer Apologizes to Man Depicted Committing Election Fraud
Salem Media Group, which co-produced the 2022 film, issued the apology to a Georgia man who was falsely depicted as stuffing a ballot box near Atlanta [...]
Terraform, Do Kwon Agree in Principle to Settle Fraud Case With SEC: Court Filing
The court listing's title referred to a May 29 telephone conference , "without transcription or recording." Counsels for all the parties were present. [...]
U.S. Treasury Describes NFTs as 'Highly Susceptible to Use in Fraud and Scams'
"The report determines that illicit actors can use NFTs to launder proceeds from predicate crimes," the Treasury said.
www.coindesk.com [...]
Former director of DanFX Trade gets prison sentence for fraud
Daniel Farook Ali, former director of DanFX Trade Pty Ltd, has been sentenced in the Brisbane District Court to seven years and three mont [...]
British-Chinese Money Launder Sentenced to 6 Years in Prison For Role in $6B Fraud: FT
Jian Wen, 42, who was alleged to have carrying out the laundering on behalf of her former boss, was found guilty in March.
www.coindesk.com [...]
Fraud Trial to Begin for Chinese Billionaire Who Allied Himself With America’s Right
Charged with defrauding thousands of investors in the U.S. and overseas of more than $1 billion, Guo Wengui could face decades in prison.
www.nytimes [...]