Fraud
UN Agency Recommends Criminalization of Unlicensed VASPs in Southeast Asia to Counter Cyber Fraud
Some service providers are facilitating transactions for fraud outfits and high-risk gambling sites, the report said.
OmegaPro Co-Founder Arrested in Turkey on Suspicion of $4B Ponzi Scheme: Reports
The firm said it invested in cryptocurrency and forex, and reportedly collapsed in 2022.
Another Crypto 'Fraudster' Arrested in Montenegro, Where Do Kwon Awaits Extradition: Reports
Polish national Roman Ziemian is the co-founder of digital currency trading platform FutureNet who allegedly defrauded users out of around $21 million.
Australian Securities Regulator Nabbed More Than 600 Crypto Investment Scams in a Year
The hustles amounted to about 9% of the total fraudulent platforms taken down in the first year of an investment scam disruption program.
SEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid Scheme
The SEC alleges that the scheme raised money from over 200,000 investors worldwide, many of them Haitian-Americans, following a similar suit filed in June by the New York Attorney General.
Tether to Fight Celsius' $3.3 Billion 'Shakedown' Litigation
On Friday, Celsius asked a U.S. court to order Tether to relinquish a total of 57,428.64 bitcoin.
Crypto Hacks Net $19B Since 2011 and Illegal Activity on Blockchain Is Still Growing
In the past 13 years, 785 crypto thefts have taken place, Crystal Intelligence says.
NYAG Sues 2 Crypto Pyramid Schemes, Promoters Targeting Haitian-Americans in $1B Scam
NovaTech’s founders Cynthia and Eddy Petion allegedly preyed on Creole-speaking church-goers and advertised their scheme as a way to gain “freedom from the plantation.”
Epoch Times CFO Charged With $67M Fraud Scheme Involving Crypto Platform
The crime proceeds were generally purchased by the scheme participants at discounted rates of up to 80 cents per dollar in exchange for an unspecified cryptocurrency.
U.S. Treasury Describes NFTs as 'Highly Susceptible to Use in Fraud and Scams'
"Illicit actors can use NFTs to launder proceeds from predicate crimes, often in combination with other methods to obfuscate the illicit source of proceeds of crime," the Treasury found.
