Fraud
CFTC Claims 'Massive Fraudulent' Scheme Defrauded Investors of $20M
The CFTC alleged three individuals and affiliated entities defrauded crypto and binary options investors out of $20 million over 5 years.
SEC Sues Dropil Founders for Fraud After $1.8M Token Sale
The SEC has charged three California residents with defrauding investors of $1.8 million through an unregistered token sale.
CFTC Charges Florida Resident With Defrauding Crypto Investors Out of $1.6M
The CFTC alleged Florida resident Alan Friedland defrauded investors out of $1.6 million, promising returns through his “Compcoin” token and an algorithmic trading software which never materialized.
US State Regulators Order 'Fraudulent' Crypto Mining Scheme to Shut Down
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.
Victims Accuse Wells Fargo Subsidiary of Turning Blind Eye to $35M Crypto Ponzi
Plaintiffs claim Wells Fargo Advisors did not check on the activities of a financial advisor accused of defrauding 150 investors.
SEC Charges 2 With Fraudulent Water-Backed Token Sale
The SEC charged a former Texas pastor and his wife for allegedly defrauding hundreds of investors through an alkaline water-backed cryptocurrency TeshuaCoin.
SEC Charges Former State Senator Over Digital Asset 'Scam'
The SEC alleges the Meta 1 Coin sale violated antifraud and securities regulation. It also promised some crazy returns.
Canadians Get US Jail Time for Stealing 23 Bitcoin in Twitter Scam
The two scammers used a Twitter account to pose as crypto exchange staff to persuade an Oregon resident to hand over bitcoin.
Crypto Scams Pose More Risk Than Payments Fraud, Report Suggests
Cryptocurrency scams in 2019 were more risky for U.S. residents than fraud involving romance or payments, says the Better Business Bureau.
Sweden Calls for Action Over Ukraine Crypto 'Fraud Factory'
Ukraine has been asked to act following a report of an alleged cryptocurrency fraud operation duping naive investors from Sweden's capital.
