Crypto Scam Uncovered: Nigerian Arrested
A Nigerian man has been charged by the U.S. Department of Justice for orchestrating a $2.5 million crypto scam, facing up to 40 years in prison. #Breaking #Legal (+9) ↗
Fraud
AI Fraud Scandal ExNate CEO Accused
Albert Saniger, ex-CEO of @Nate, charged with fraud for misleading $51M AI tech claims; faces up to 40 years in prison. #Breaking #Legal (-9) ↘
Crypto Fraud: 34 Sentenced in China
Over 34 individuals in China have been jailed for orchestrating the OURBIT crypto fraud, deceiving 30,000 investors out of $64 million. #Breaking #Legal (+9) ↘
Jury Scam Alert: Bitcoin Demands Exposed
Scammers forge arrest warrants for missed jury duty, demanding bitcoin and gift card payments, warns U.S. District Court of the Western District of Virginia. #Update #Legal $BTC (-6) ↘
Crypto Scams: Montana’s $12.5B Fraud Crackdown
Montana’s Commissioner of Securities and Insurance, James Brown, warns of rising crypto scams causing $12.5 billion in losses, prompting new digital asset regulations. #Breaking #Legal #Crypto (+9) ↗
Crypto Scandal: AML Bitcoin CEO Charged
AML Bitcoin CEO Rowland Marcus Andrade has been convicted of wire fraud and money laundering, facing up to 30 years for deceiving investors and laundering funds for personal luxury purchases. #Breaking #Legal #Crypto (-9) ↘
Crypto Scams Surge Regulator Issues Warning
North Dakota Securities Department warns of fake “investment education foundations” scamming cryptocurrency investors with deceptive trials and bogus loans. #Breaking #Legal (+9) ↗
Safemoon Fraud: Former CTO Guilty
Former @Safemoon CTO Thomas “Papa” Smith pleads guilty to fraud in the collapse of the $8 billion DeFi project. #Breaking #Legal $SFM (-9) ↘
Crypto Scandal: SafeMoon CTO Admits Fraud
Thomas Smith, CTO of @SafeMoon, pleads guilty to $200M fraud, facing up to 45 years in prison; CEO’s trial set for April 7. #Breaking #Legal #Crypto (-9) ↘
SEC Launches Division Against AI Crypto Fraud
The U.S. Securities and Exchange Commission (SEC) launches the Cyber and Emerging Technologies Unit to combat fintech fraud, led by Laura D’Allerd, focusing on AI and crypto crimes. #Update #Legal (+7) ↗
Crypto Fraud: Clucoin Founder Sentenced
Austin Michael Taylor, founder of @Clucoin, sentenced to 27 months for wire fraud and ordered to pay $1.14 million in restitution. #Breaking #Legal (-9) ↘ (Source: News.Bitcoin)
SEC Charges Digital Currency Group Fraud
The SEC has charged @DCGco and former Genesis CEO Michael Moro with misleading investors about the impact of Three Arrows Capital’s collapse, resulting in a $38.5 million settlement without admitting guilt. #Breaking #Legal @DCGco (-9) ↘
Crypto Fraud: Pastor’s Dream Scheme Indictment
Washington pastor Francier Obando Pinillo faces 26 fraud charges related to a crypto scheme he claimed came ‘in a dream,’ potentially leading to a 20-year prison sentence. #Breaking #Legal (+9) ↗
Do Kwon Pleads Not Guilty Fraud
Do Kwon, founder of @terra_money, pleads not guilty to fraud after U.S. extradition; faces charges over $40B collapse of $LUNA and terraUSD. Detained until Jan. 8 court date. • #Breaking • #Legal • @terra_money • (+9) • ↗