Tag: crypto fraud
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FBI Targets Crypto Fraudsters With New Enforcement Push
FBI Director Kash Patel vows stronger action against crypto fraud networks. Operation Level Up seeks to stop scams before victims lose more funds. Fraudsters increasingly…
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SafeMoon CEO Gets 8 Years for $10M Crypto Fraud
SafeMoon CEO Karony was sentenced to 8 years for defrauding investors of $9M in crypto. Karony used diverted funds to buy luxury homes, cars, and…
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Exchange News: Woman Warned by Canadian Exchange, Still Loses $670K Crypto
A Cryptocurrency exchange warns a Canadian woman about a scam, and she loses $670K on it despite several warnings. See how the loss was not…
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Ramil Palafox Pleads Guilty To Defrauding More Than 90,000 Investors Of $200M
Praetorian Group CEO Ramil Ventura Palafox pleads guilty to $200M Bitcoin Ponzi scheme that defrauded 90,000 investors. Ramil Ventura Palafox, the chief executive of Praetorian…
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Sam Bankman-Fried To Appeal 25-Year Sentence, Hearing Set For November 4
Sam Bankman-Fried’s appeal hearing is set for November 4, and his defence seeks a lighter sentence or retrial after FTX’s collapse. Sam Bankman-Fried, the…
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Over $300M in Scam-Tied Crypto Frozen Over Past Year
Law enforcement and industry leaders have seized over $300 million in crypto from cross-border fraud over the last year. Here’s how this happened. Law…
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AML Bitcoin Founder Sentenced to 7 Years for $10M Crypto Fraud
Key Insights: Rowland Marcus Andrade misled investors with false claims about AML Bitcoin’s technology and partnerships. Over $2 million from investor funds was used for…
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SEC Cracks Down: Unicoin Fraud, ETF Delays, Leadership Scrutiny
SEC charges Unicoin with $110M fraud for misleading 5,000+ investors. Crypto ETF approvals are delayed due to market volatility concerns. The Securities and Exchange Commission…
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US Court Fines UAE-Based CLS Global for Crypto Fraud
CLS Global fined $428K for fraudulent cryptocurrency trading activities. U.S. court bars CLS Global from crypto markets for three years. CLS Global FZC LLC, a…
