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Allegedly Fraudulent Crypto Exchange Shut Down by UK High Court
1.7.2020
The UK Insolvency Service claimed that GPay is nothing but a “scam” after conducting confidential inquiries
Hackers Use Fraudulent Unemployment Claims to Siphon Funds
18.6.2020
Kroll’s team says transnational cybercrime groups are launching unemployment fraud schemes in the US
Fraudulent Site Impersonates Encrypted Messaging Service to Steal Bitcoins
15.6.2020
A new Bitcoin-related scam emerged through a phishing site that impersonates a self-destructing encrypted notes service
CFTC Claims ‘Massive Fraudulent’ Scheme Defrauded Investors of $20M
7.5.2020
The CFTC alleged three individuals and affiliated entities defrauded crypto and binary options investors out of $20 million over 5 years
Google Profits off Impersonations of Banned Cryptocurrency Celebs and Companies
1.5.2020
Cryptocurrency companies are banned on Google but the platform is allowing phishing sites to impersonate them. London-based bitcoin exchange Coin Corner showed that a fraudulent site mimicking it is allowed on Google’s advertising platform though its own evidence-backed appeals of legitimacy...
JPMorgan, Bank of America, Wells Fargo Sued Over Trump’s Paycheck Protection Program
22.4.2020
Class action lawsuits have been filed against JPMorgan Chase, Bank of America, Wells Fargo, and U.S. Bank for their alleged unlawful and fraudulent practices in the Paycheck Protection Program. This program is part of President Trump’s $2.2 trillion stimulus package to help small businesses...
Philippine SEC Exposes Fraudulent ‘Abundance-Based’ Crypto Investment Scheme
15.4.2020
Philippine financial regulators have warned the public against a scheme that claims to "revolutionize the global financial system in order to eradicate world poverty"
Charges of Fraudulent Pretense: US Court Unseals Onecoin Cofounder’s Indictment
13.4.2020
Manhattan prosecutors from the New York Southern District Court (NYSD) have unsealed indictment charges against Onecoin cofounder Sebastian Greenwood. The documents allege that Greenwood, alongside his accomplices Ruja Ignatova the ‘Crypto Queen’ and her brother Konstantin Ignatov...
Texas Regulator Spots Crypto Firm at Fraudulent COVID-19 Charity Claims
8.4.2020
The Texas State Securities Board issues an emergency action against an alleged crypto mining scam making fraudulent COVID-19 charity claims
US State Regulators Order ‘Fraudulent’ Crypto Mining Scheme to Shut Down
8.4.2020
The Texas State Securities Board and Alabama Securities Commission filed an emergency action against Ultra Mining, alleging it offered unregistered securities by promising to double investments in a cloud mining scheme
SEC Charges 2 With Fraudulent Water-Backed Token Sale
3.4.2020
The SEC charged a former Texas pastor and his wife for allegedly defrauding hundreds of investors through an alkaline water-backed cryptocurrency TeshuaCoin
Chinese Regulator Accuses Crypto Exchanges of Fraudulent Volumes
3.4.2020
The National Internet Finance Association of China accused foreign exchanges of wash trading, tampering with volume data, and staging outages to liquidate leverage traders
Beijing to Test Blockchain Platform for Fighting Fraudulent Invoices
10.3.2020
The Beijing Municipal Office of the State Administration of Taxation is launching a city pilot for a blockchain-based invoicing system, with immediate activation in selected industries
Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of Customers
23.2.2020
Wells Fargo, one of the largest U.S. financial services companies, has agreed to pay $3 billion to resolve the U.S. government’s investigations into fraudulent sales practices spanning over 15 years. The Wells Fargo fraud case involved the company forging customer signatures, moving money...
SEC Charges $600,000 ICO Project Opporty for Fraudulent Security Offering
22.1.2020
The SEC is targeting a U.S. ICO project for fraudulent claims, despite the relatively small sums collected
SEC Charges Blockchain Marketplace Opporty Over ‘Fraudulent’ $600,000 ICO
22.1.2020
The firm is alleged to have conducted a fraudulent and unregistered sale of digital assets called OPP Tokens, raising around $600,000
US SEC Charges Convict and Associates for $30M Fraudulent ICO
17.1.2020
The U.S. SEC has charged Boaz Manor and his associates with raising over $30 million through a fraudulent ICO
Chinese Police Clamps Down Fraudulent Bitcoin Miners and Scammers
25.12.2019
In a major clampdown, the police forces hailing from Tangshan city, China have confiscated 6,890 bitcoin rigs operating in the region, stated the report furbished by the China Central Television, the state broadcaster on Monday. The report suggested that the strict action was a joint effort...
Shopin Founder Pleads Guilty to Orchestrating Fraudulent $42 Million ICO
12.12.2019
Shopin founder Eran Eyal pleads guilty to felony charges for running a fraudulent initial coin offering that raised more than $42 million
US SEC Charges Shopin Founder With Orchestrating Fraudulent $42 Million ICO
12.12.2019
Shopin Founder and CEO Eran Eyal allegedly spent $500,000 of investor funds on personal expenses