Fraud

NYAG continues pushing for its case against Bitfinex, calling its argument “forfeited and meritless” (theblockcrypto.com) 12/13/2019 - 3:46pm
The New York Office of the Attorney General (NYOAG) recently filed a brief in a New York Appellate Court on December 4, responding to an appeal by Bitfinex and describing the exchange's arguments as “backward,” “forfeited,” and “meritless.” The appeal arises out of an underlying investigation by the NYOAG of Bitfinex under New York's Martin Act...
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Man charged in cryptocurrency fraud owns Montana operation - Sacramento Bee (sacbee.com) 12/13/2019 - 3:14pm
Man charged in cryptocurrency fraud owns Montana operation Sacramento Bee
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Man charged in cryptocurrency fraud owns Montana operation - Washington Times (washingtontimes.com) 12/13/2019 - 2:25pm
Man charged in cryptocurrency fraud owns Montana operation Washington Times
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Man charged in cryptocurrency fraud owns Montana operation - Houston Chronicle (houstonchronicle.com) 12/13/2019 - 2:21pm
Man charged in cryptocurrency fraud owns Montana operation Houston Chronicle
Cryptocurrency, Danger, Fraud, houstonchronicle.com, United States
Bling King’s Buying Spree and Crypto ‘SIM Swapping’ Scheme Ends in Indictment (dailyhodl.com) 12/13/2019 - 1:30pm
Anthony Francis Faulk, 23, of Pennsylvania, is facing an indictment by a federal grand jury for allegedly conspiring to carry out wire fraud and extortion after a string of hacks targeting crypto-related companies. The indictment accuses Faulk of taking part in a fraudulent scheme to obtain digital currencies and other property through extortion...
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Basel Committee Seeking Global Crypto Standard (bitcoinist.com) 12/13/2019 - 11:00am
The Basel Committee on Banking Supervision (BCBS) published on Thursday a discussion paper on the treatment of crypto and digital assets. Central Banks Expected to Share their View on Crypto The BCBS, an international body that has central banks as stakeholders, wants a global standard to approach cryptocurrencies and blockchain-based assets. The...
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Man charged in cryptocurrency fraud owns Montana operation (timesunion.com) 12/13/2019 - 6:35am
BUTTE, Mont. (AP) — A Colorado man facing federal charges for defrauding investors of $722 million in a cryptocurrency investment club has majority ownership in a bitcoin mining operation in Montana, ...
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Man charged in cryptocurrency fraud owns Montana operation (chron.com) 12/13/2019 - 6:21am
BUTTE, Mont. (AP) — A Colorado man facing federal charges for defrauding investors of $722 million in a cryptocurrency investment club has majority ownership in a bitcoin mining operation in Montana, ...
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Man charged in cryptocurrency fraud owns Montana operation (miamiherald.com) 12/13/2019 - 6:14am
A Colorado man facing federal charges for defrauding investors of $722 million in a cryptocurrency investment club has majority ownership in a bitcoin mining operation in Montana, The Montana Standard ...
bing.com, Bitcoin, Cryptocurrency, Danger, Fraud, miamiherald.com, Mining, United States
Accenture and Assifact Unveil Trends and Evolution of the FinTech Industry (tmcnet.com) 12/13/2019 - 6:11am
Around 25% of Fintech Tech leverage on Artificial Intelligence/ Machine Learning Solutions to strengthen internal processes as fraud detection, while Blockchain has a lower adoption. Alessandro ...
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Accenture and Assifact Unveil Trends and Evolution of the FinTech Industry (prnewswire.co.uk) 12/13/2019 - 4:36am
Around 25% of Fintech Tech leverage on Artificial Intelligence/ Machine Learning Solutions to strengthen internal processes as fraud detection, while Blockchain has a lower adoption. Alessandro ...
bing.com, Blockchain, Danger, Fraud, Leverage, prnewswire.co.uk
Fraud Detection & Prevention Market Projection by Dynamics, Trends, Predicted Revenue, Regional Segmented, Outlook Analysis & Forecast Till 2026 (sbwire.com) 12/13/2019 - 4:09am
The FDP framework recognizes the plausible risk and reports doubtful transactions and situations to the particular organization. The Blockchain innovation has decentralized ledger that stores and ...
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‘The Most Important Crypto Podcast of 2019’ (unchainedpodcast.com) 12/13/2019 - 3:30am
I didn’t say this! Someone else did! If you missed this week’s Unchained with Yeonmi Park, it was, I believe, the best interview I’ve ever done on the show. Based on the responses on Twitter, I think a lot of other people felt the same way. While, on the surface, it doesn’t have a lot to do with cryptocurrencies, it most definitely illustrates why...
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SEC Charges Shopin Founder with fraud over unregistered $42M ICO (securityaffairs.co/wordpress/95083/breaking-news/shopin-unregistered-42m-ico.html) 12/13/2019 - 2:05am
According to CoinDesk, roughly $450,000 in an undisclosed cryptocurrency will be turned over to the New York State Attorney General’s office as part of the plea agreement. Eyal will also step down ...
bing.com, CoinDesk, Cryptocurrency, Danger, Fraud, ICO, securityaffairs.co/wordpress/95083/breaking-news/shopin-unregistered-42m-ico.html, Shopin, Shopin, United States
Romanian cybercriminals sentenced to 20 years in prison for developing malware (businesscomputingworld.co.uk) 12/13/2019 - 12:44am
Law enforcement officers told that citizens of Romania Bogdan Nicolesku aka Masterfraud, aka mf, Danet Tiberiu aka Amightysa, aka amy and dRadu Miclaus aka Minolta, aka min since 2007 engaged in fraud ...
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US Authorities Allege SIM Swapping Thief Bought Music Royalties, Jewelry, With Crypto (e-cryptonews.com) 12/12/2019 - 11:08pm
Anthony Francis Faulk faces charges of conspiracy to commit wire fraud and extortion in the Northern District of California for his alleged plot, in which he is said to have turned the stolen funds into cars, a Rolex watch, a house, royalty rights to songs and diamond-encrusted jewelry, according to court documents.
Crypto, Danger, Diamond, e-cryptonews.com, e-cryptonews.com, Fraud, Royalties, United States
Another ICO Fraudster Bites the Bullet (cryptobriefing.com) 12/12/2019 - 9:53pm
Eran Eyal, Shopin CEO, pleaded guilty today to charges of conducting an unregistered securities offering in an ICO that raised over $42 million. The SEC announced charges against Eyal in a Wednesday press release . Eyal, a dual citizen of South Africa and Israel residing in New York, planned to build a blockchain-based marketing system that...
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SEC Charges Man With $42 Million Crypto Fraud Scheme (info) 12/12/2019 - 9:46pm
“Shopin aimed to use the funds from the sales of the Shopin Tokens to create universal shopper profiles, maintained on the blockchain, that would track customer purchase histories across online ...
bing.com, Blockchain, Crypto, Danger, Fraud, info, Shopin, Shopin
AG James Announces Criminal Conviction Of Brooklyn Resident For Cryptocurrency Scheme (pressreleasepoint.com) 12/12/2019 - 9:30pm
NEW YORK – New York Attorney General Letitia James today announced the convictions of Eran Eyal, 44, of Brooklyn, for operating a series of three securities fraud schemes, including a fraudulent ...
bing.com, Cryptocurrency, Danger, Fraud, pressreleasepoint.com, United States
Blockchain Startup Shopin CEO Pleads To Fraud - pymnts.com (pymnts.com) 12/12/2019 - 8:15pm
Blockchain Startup Shopin CEO Pleads To Fraud pymnts.com
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SA entrepreneur Eran Eyal convicted in US over fraudulent Shopin ICO, Springleap startup (ventureburn.com) 12/12/2019 - 7:55pm
In a statement yesterday, New York Attorney General Letitia James announced that Eyal, 44, of Brooklyn, New York, has been convicted for operating a series of three securities fraud schemes, including ...
bing.com, Danger, Fraud, ICO, Shopin, Shopin, Startup, United States, ventureburn.com
Rosário and HK business partner to face fraud charges for crypto business deal (macaubusiness.com) 12/12/2019 - 7:38pm
The Macau Public Prosecutions-office has put forward charges against Frederico dos Santos Rosário for fraud, with the local businessman to face trial for a cryptocurrency mining business deal alleged ...
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Crypto Asset Guidelines to Be Drafted Based on Industry Input (thecoinrise.com) 12/12/2019 - 6:25pm
The Basel Committee on Banking Supervision is calling for feedback on the prudential regulatory treatment of crypto asset. Feedback received from insiders in both the crypto and traditional finance sectors will be used to draft guidelines for banks interested in dealing with crypto-assets. Although they are wary of risks associated with the coins...
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4 Nigerians, others busted for $18m fraud in New York (olisa.tv/4-nigerians-others-busted-for-18m-fraud-in-new-york/) 12/12/2019 - 5:21pm
Berman praised the outstanding work of the Financial Crimes Task Force of the NYPD and the USSS, the Mail Theft Team of the USPIS, and the Dark Web and CryptoCurrency Group of HSI. The Assistant ...
bing.com, Cryptocurrency, Danger, Dark Web, Fraud, olisa.tv/4-nigerians-others-busted-for-18m-fraud-in-new-york/, United States
Unity man charged in cryptocurrency fraud scheme - Tribune-Review (triblive.com) 12/12/2019 - 4:47pm
Unity man charged in cryptocurrency fraud scheme Tribune-Review
Cryptocurrency, Danger, Fraud, triblive.com
Shopin ICO Charged by US SEC for Breaking Securities Law (thecoinrise.com) 12/12/2019 - 4:35pm
In its long string of crackdowns on ICOs, the SEC Charged a Shopin ICO that raised $42 million during peak token sale season. The US Securities and Exchange Commission cracked down on another ICO from the boom times of token sales. After receiving complaints, the SEC charged the founders of the Shopin ICO for securities fraud. Shopin raised as...
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Authorities Nab Bitcoin Mining Scammers Who Milked $700m from Investors (insidebitcoins.com) 12/12/2019 - 4:26pm
Law enforcement authorities in the United States have made three arrests in connection with the BitClub Network, a reportedly fraudulent Bitcoin mining scheme. According to a press release from the United States Department of Justice, Joseph Frank Abel, Jobadiah Sinclair Weeks, and Brent Goettsche were arrested for their roles in the ponzi scheme...
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Five Men Charged With Running A $722 Million Cryptocurrency Fraud Scheme Built ‘On The Backs Of Idiots’ - BroBible (brobible.com) 12/12/2019 - 2:15pm
Five Men Charged With Running A $722 Million Cryptocurrency Fraud Scheme Built ‘On The Backs Of Idiots’ BroBible
brobible.com, Cryptocurrency, Danger, Fraud
Police in states across India are relying on private firms and consultants to solve cybercrime cases (economictimes.indiatimes.com) 12/12/2019 - 1:03pm
A clear, defined framework on engaging experts in evolving technology domains (like cryptocurrency fraud) is lacking, and police are reluctant to do so despite the growing digital footprint of most ...
bing.com, Cryptocurrency, Danger, economictimes.indiatimes.com, Fraud, India
Busted: Four Men in $722 Million Cryptocurrency Fraud Scheme - Blockchain News (the-blockchain.com) 12/12/2019 - 12:47pm
Busted: Four Men in $722 Million Cryptocurrency Fraud Scheme Blockchain News
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Bitcoin Daily: Blockchain Exec Pleads Guilty To Securities Fraud; Investor Hits BitMex Crypto Exchange With $300M Lawsuit (pymnts.com) 12/12/2019 - 12:31pm
The CEO of Shopin, a blockchain-powered startup, has pleaded guilty to securities fraud related to $42.5 million in an initial coin offering, according to a report by Reuters. Eran Eyal, who lives in ...
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It is time that, as an industry, we stand up and route out the longest-running fraud we've faced: HitBTC (twitter.com) 12/12/2019 - 12:15pm
submitted by /u/409h [link] [comments]
Danger, Fraud, HitBTC, HitBTC, https://www.reddit.comCryptoCurrency, Reddit.com, twitter.comhttps://www.reddit.com/r/CryptoCurrency/comments/e9qfxn/it_is_time_that_as_an_in…
Blockchain CEO Pleads Guilty to Fraud | News & Analysis | BoF - The Business of Fashion (businessoffashion.com) 12/12/2019 - 12:11pm
Blockchain CEO Pleads Guilty to Fraud | News & Analysis | BoF The Business of Fashion
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Major Cryptocurrency Exchange Faces $300M Lawsuit For Investor Fraud (finance.yahoo.com) 12/12/2019 - 11:07am
A cryptocurrency investor Frank Amato is suing BitMEX, legally Seychelles-based HDR Global Trading Ltd., in the Superior Court of California of the County of San Fransisco for investment fraud, ...
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Bitcoin Daily: Blockchain Startup Shopin CEO Pleads To Fraud, BitMex Faces $300M Lawsuit From Early Investor (pymnts.com) 12/12/2019 - 10:45am
The CEO of Shopin, a blockchain-powered startup, has pleaded guilty to securities fraud related to $42.5 million in an initial coin offering, according to a report by Reuters. Eran Eyal, who lives in ...
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Mining-Based US Ponzi Scheme Busted After Raking in $722 Million (cryptobriefing.com) 12/12/2019 - 10:07am
Five men were charged in connection with BitClub, an alleged $722 million Ponzi scheme. The founders were caught saying they targeted the “typical dumb MLM [multi-level marketing] investor.” BitClub Network Goes Down On Nov. 10, the U.S. District Court in Newark, New Jersey, accused Matthew Brent Goettsche, Jobadiah Sinclair Weeks, Joseph Frank...
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Unity man charged in cryptocurrency fraud scheme (triblive.com) 12/12/2019 - 7:47am
A 23-year-old Unity man could face 22 years in prison and lose the $942,500 house he bought near Mountain View, his Ferrari and expensive jewelry if convicted on federal charges that he stole from ...
bing.com, Cryptocurrency, Danger, Fraud, triblive.com
US SEC indicts Shopin founder for $42 million ICO fraud (bitcoinwarrior.net) 12/12/2019 - 7:32am
According to the official press release on 11th December 2019 the US Securities and Exchange Commission unveiled a forty-two million US dollars ($42 million) ICO fraud committed by Eran Eyal, founder ...
bing.com, bitcoinwarrior.net, Danger, Exchange, Fraud, ICO, Shopin, Shopin
Shopin CEO Cops To $42.5M Fraudulent Crypto Offering (law360.com) 12/12/2019 - 7:17am
Law360 (December 12, 2019, 3:11 PM EST) -- The CEO of online retail platform Shopin pled guilty to securities fraud for a cryptocurrency scheme in which he lied to investors about the company and held ...
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Major Cryptocurrency Exchange Faces $300M Lawsuit For Investor Fraud - Yahoo Finance (finance.yahoo.com) 12/12/2019 - 7:00am
Major Cryptocurrency Exchange Faces $300M Lawsuit For Investor Fraud Yahoo Finance
Cryptocurrency, Danger, Exchange, finance.yahoo.com, Fraud
SEC Charges $42M Shopin ICO for Violating Multiple Securities Laws (coinfo) 12/12/2019 - 6:31am
The United States Securities and Exchange Commission ( SEC ) has charged UnitedData Inc. (also known as Shopin), and its CEO for conducting an illegal initial coin offering (ICO) that defrauded hundreds of investors to a tune of $42 million. According to an announcement by the U.S. financial markets watchdog, the firm’s CEO, Eran Eyal, and his...
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Five Men Charged With Running A $722 Million Cryptocurrency Fraud Scheme Built ‘On The Backs Of Idiots’ (brobible.com) 12/12/2019 - 6:18am
“Those arrested today are accused of deploying elaborate tactics to lure thousands of victims with promises of large returns on their investments in a bitcoin mining pool, an advanced method of ...
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