Fraud
US Appeals Court Orders SEC to Bring Enforcement Actions to Jury Trials
A U.S. appeals court ruled that the Securities and Exchange Commission (SEC) violated a hedge fund manager’s constitutional rights by having an in-house judge try a securities fraud case brought against the individual. CoinDesk’s Nikhilesh De unpacks what this means for crypto.
CFTC Chair Indicates Agency Will Increase Crypto Enforcement: Report
Rostin Behnam said the agency was facing a rapidly increasing number of cases and would add resources to address crypto fraud.
The Human Cost of Lunatic Hubris
Terraform Labs' Do Kwon and his collaborators sold a bad bet to thousands of everyday folks. We're beginning to see how immense the harm was.
N.Y. Man Arrested, Charged With Fraud for Alleged Role in $59M Crypto Pyramid Scheme
The FBI says Eddy Alexandre promised investors he could double their money with a “robo-adviser” – and then spent their money on luxury cars and business expenses.
5 US States Issue Emergency Orders to Shut Down Metaverse Casino With Alleged Russian Ties
A multi-state cease-and-desist letter issued Wednesday calls the Flamingo Casino Club “simply a high tech scam.”
Wall Street’s Latest ‘Market Manipulation’ Scandal Should Be a Wake-Up Call for Crypto
Archegos levered a small basket of equities to the moon before it imploded - and took big stocks down with it. Similarly overlooked risks in crypto could leave traders holding the bag.
International Tax Consortium Lists ‘Red Flag Indicators’ of Fraud in NFT Marketplaces
The guidance, which is the first of its kind from the Joint Chiefs of Global Tax Enforcement, lists both strong and moderate indicators of fraud.
New York Man Arrested for Alleged $1.8M Crypto Mining Scam
Authorities say 37-year-old Chet Stojanovich promised to take a customer on 31-hour road trip to see the non-existent mining equipment in Canada – and then abandoned him at the Buffalo airport.
Coinbase Loses Bid to Force Arbitration in Crypto Theft Lawsuit
The U.S. District Court for Northern California found the exchange's arbitration agreement to be "unconscionable and ... unenforceable."
Former Party Organizer Indicted for Laundering $2.7M in Bitcoin and Cash
Thomas Spieker was indicted for operating a global bitcoin laundering scheme that helped multiple clients hide profits earned from illegal activities.
