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Nalezeno "Fraud": 2609

US Man Pleads Guilty in $722 Million Bitclub Network Ponzi Scheme Case

7.9.2020
A Bitclub Network Ponzi scheme promoter has admitted to charges of selling unregistered securities and to subscribing to a false tax return in connection with his role in the $722 million fraud scam. The man, Joseph Frank Abel, pleaded guilty by video conference before U.S. District Judge Claire...

Industry leaders say blockchain makes payment services more efficient

5.9.2020
Is blockchain the solution in making payments more transparent and secure?

South African Man Charged in U.S. Court for Fraud Involving $28 Million in Bitcoin and Forex

5.9.2020
A South African man has been charged with fraud in the Maryland District Court for allegedly scamming $28 million from over 1,000 investors. Dennis Jali, a former resident of Maryland, targeted church-going African immigrants, promising them guaranteed returns on his supposed bitcoin (BTC)...

Blockchain can combat Australia’s $1.7B food and wine fraud problem

4.9.2020
Food and wine fraud costs Australians $1.7 billion, but government and industry experts say blockchain could be the solution

Chilean Cryptocurrency Exchange Denies Fraud Allegations, Tribunal Set Rule on Complaint

4.9.2020
Chilean cryptocurrency exchange, Badu.com has denied allegations that it fraudulently transferred client funds without authorization. The fraud allegations are being reported by Itau bank and both parties are set to appear before the country’s Tribunal for the Defense of Free Competition...

Ubitquity LLC Announces ClosingBlock Software to Tackle Wire Fraud

3.9.2020
Delaware based enterprise blockchain solution for recordkeeping, Ubitquity LLC, has announced on Thursday the launch of ClosingBlock, a software designed to fight wire frauds. The company stated that the software will go live in the last quarter of 2020, and will help users to make escrowing...

Crypto Exchanges Worried: Police Continue Bithumb Fraud Probe

3.9.2020
Source: Adobe/david_franklin Further details are emerging about the Seoul Metropolitan Police Agency’s all-day raid on Bithumb, South Korea’s leading crypto exchange on suspicions of fraud and embezzlement. A Seoul-based employee at a rival South Korean crypto exchange who asked not to be named...

Major South Korean Crypto Exchange Raided by Police in Alleged $25.2M Fraud Case

3.9.2020
South Korean police raided the country’s largest cryptocurrency exchange, Bithumb on September 2 as part of an investigation of fraud allegedly committed by the organization’s main shareholder. With the recorded number of visitors to the platform touching 4.11 million between May...

Scam warning as Columbia’s President ‘endorses’ Bitcoin Era

3.9.2020
Not even the Colombian president is exempt from being impersonated by Bitcoin scammers

US Hopes to Confiscate $400M: DoJ Files Forfeiture Judgment Against Onecoin Launderer

3.9.2020
Prosecutors from the Southern District of New York (SDNY) court have submitted a “forfeiture money judgment” against the former attorney Mark Scott. The lawyer was charged with helping the Ponzi scheme Onecoin launder funds. The U.S. Department of Justice (DoJ) claims that Scott helped...

Self-Help Firm That Mostly Took Bitcoin as Payment Mostly Just Helped Itself, SEC Charges

2.9.2020
Ninety-two percent of Mindset 24 investors allegedly lost some of their funds. They'd paid in over a million dollars - mostly in bitcoin

Federal Jury Indicts Three Accused of Posing as Pastors in Alleged $28M Ponzi Scheme

31.8.2020
The accused were also charged by the CFTC and the SEC for allegedly soliciting funds from over 1,000 people for the fake forex and bitcoin trading fund

Another inside job at Shapeshift cost the company nearly $1 million

27.8.2020
An employee allegedly used his credentials at Shapeshift to steal from the company

The leaders of a fake crypto exchange are now behind bars

27.8.2020
Choi and Park lost their last chance not to serve a jail time

Binance and Oasis Labs Launch Alliance to Combat Crypto Fraud and Hacks

27.8.2020
The aim is a comprehensive database of information gleaned from previous hacks and fraud used to proactively fight future ones. The platform supports Bitcoin, Ethereum, TRX and EOS blockchains

Dash Nigeria Takes Digital Currency Education Campaign to Regulators and Key Institutions

27.8.2020
With sophisticated fraud schemes seemingly overwhelming the African crypto market, there is a growing need for players in the space to help fight this scourge. Some are responding through increased educational campaigns, which they hope will not only turn the tide against scammers but will also...