cryptocurrency fraud

The U.S. Department of Justice has charged nine citizens with running the IcomTech and Forcount cryptocurrency fraudulent schemes, also known as Weltsys, and money laundering. According to the prosecutor's office, the creators of the IcomTech and Forcount projects were engaged in mining and...

Vietnam's provincial police have arrested five people linked to a complex network of cryptocurrency scams led by offshore threat actors. On October 4, police in Nghe An, a Vietnamese province bordering Laos and the Gulf of Tonkin, dismantled a Laos-based fraudulent network involving fraudulent...

A recent study by the analytical company Elliptic showed that cryptocurrency fraud in Southeast Asia has reached industrial proportions and led to losses of tens of billions of dollars. According to a recent Elliptic report, many cryptocurrency scams are committed by members of transnational...

The US Treasury Department has accused Bill Guan, CFO of the international media company Epoch Times, of organizing a scheme to launder at least $67 million of illegally obtained funds through cryptocurrencies. According to the case file, from 2020 to May 2024, Guan created the Make Money...

85-year-old David Kagel, a former lawyer from California, admitted his role in creating a $9.5 million cryptocurrency fraud scheme. A year ago, David Kagel was expelled from the California Bar Association. Therefore, he decided to make money in another way ― using his "reputation as an...

An instagrammer known as Jay Mazini has pleaded guilty to money laundering using bitcoins. Now the blogger faces up to 20 years in prison. In March of last year, Jebara Igbara was charged by the US Department of Justice with stealing bitcoins from his subscribers. Recently, the defendant...

The US Homeland Security Investigations (HSI) detained three Miami residents on suspicion of cryptocurrency fraud and identity theft. The US Department of Justice has charged Esteban Cabrera da Corte, Luis Hernandez Gonzalez and Asdrubal Ramirez Meza with cryptocurrency fraud. Using a stolen...

The criminal was arrested and immediately released on bail, are the charges against him justified? Alejandro Cao de Benos, a Spaniard from an aristocratic family who has become one of the most vocal supporters of North Korea in the West, was recently arrested in Spain. De Benos founded the...