A Nigerian national has been sentenced to five years in federal prison for his role in a massive darknet fraud scheme that intended to cause over $ 6 million in losses, according to the U.S. Department of Justice (DOJ). Using various online aliases, Kaura led a global network selling stolen payment card data, using …
Two managers from the now-defunct crypto fraudulent investment platform Omegapro were arrested in Istanbul, according to Turkish media reports. Dutch executive Robert Velghe was arrested Tuesday, following the July arrest of Swedish co-founder Andreas Szakacs. Omegapro, founded in 2018 and registered in Saint Vincent and the Grenadines, allegedly defrauded investors out of $ 4 …
The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $ 209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes restitution, disgorgement of illegal profits, and a civil penalty. The Commodity Futures Trading Commission (CFTC) …
A Washington resident has been charged with involvement in a $ 64 million cryptocurrency laundering scheme. He allegedly deceived investors, posing as an escrow agent, and transferred funds into his accounts. The funds were moved offshore or converted to cryptocurrencies such as bitcoin and ethereum via exchanges like Gemini, Bitstamp, Coinbase, and Binance. Investigators …
The U.S. Securities and Exchange Commission (SEC) has frozen the assets of Jonathan and Tanner Adam, alleging they ran a $ 60 million Ponzi scheme under the guise of a crypto trading bot. Over 80 investors were defrauded by promises of high returns, while the funds were allegedly used for personal luxuries. The SEC …