fraud Archives

NBA Hall of Famer Paul Pierce pays SEC $1.4M in fines for EthereumMax securities violations

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20 February, 2023

NBA Hall of Famer Paul Pierce pays SEC $1.4M in fines for EthereumMax securities violations

SEC Chairman Gary Gensler reiterates that the existing federal securities laws apply not only to celebrities like Paul Pierce but...

EminiFX chief pleads guilty to fraudulent scheme worth over $240M

Business

Wahid Pessarlay

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19 February, 2023

EminiFX chief pleads guilty to fraudulent scheme worth over $240M

Eddy Alexandre, CEO of EminiFX, is accused of luring investors with the promise of earning high returns on their investments...

Australia to revamp digital assets regulation to make them ‘safer for consumers’

Business

Wahid Pessarlay

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9 February, 2023

Australia to revamp digital assets regulation to make them ‘safer for consumers’

A public consultation has been put in place by the Treasury to involve key stakeholders in its quest to police...

New Jersey Bureau of Securities orders 3 ‘pig butcher’ frauds to cease and desist

Business

Wahid Pessarlay

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8 February, 2023

New Jersey Bureau of Securities orders 3 ‘pig butcher’ frauds to cease and desist

The three entities blacklisted by the regulator include Meta Capitals Limited, Cresttrademining Limited, and Forex Market Trade which the regulator...

Australian regulators stepping up efforts to control digital currency scams

Business

Wahid Pessarlay

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7 February, 2023

Australian regulators stepping up efforts to control digital currency scams

The Australian Treasury said a multi-stage approach will be adopted, focusing on "strengthening enforcement, bolstering consumer protection, and establishing a...

BTC scammers make UK their home, exploiting lax company registration laws: report

Business

Steve Kaaru

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7 February, 2023

BTC scammers make UK their home, exploiting lax company registration laws: report

It costs less than $20 to register a company in the United Kingdom, and no ID is required, which authorities...

My Big Coin founder Randall Crater gets 8 years in prison over $7.5M fraud

Business

Wahid Pessarlay

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4 February, 2023

My Big Coin founder Randall Crater gets 8 years in prison over $7.5M fraud

The founder of My Big Coin, a scheme found to be a sham, becomes the first digital asset executive to...

Celsius tosses scraps to victims, Alex Mashinsky thought himself infallible

Business

Steven Stradbrooke

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2 February, 2023

Celsius tosses scraps to victims, Alex Mashinsky thought himself infallible

Jenner & Block attorney Shoba Pillay, the bankruptcy court-appointed examiner of the collapsed Celsius crypto lending platform, released a 689-page...

South Korea: Prosecutors seek warrant to arrest Bithumb owner on fraud allegations

Business

Wahid Pessarlay

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28 January, 2023

South Korea: Prosecutors seek warrant to arrest Bithumb owner on fraud allegations

South Korean authorities say Kang Jong-Hyun was involved in stock price manipulation in Bithumb's affiliate companies like Vident, Bucket Studio,...

Hackers take over Robinhood Twitter account to promote BNB Chain scam token

Business

Steve Kaaru

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27 January, 2023

Hackers take over Robinhood Twitter account to promote BNB Chain scam token

The hackers took over the account for a short time to promote RBH, a scam token on the Binance BNB...

Press Releases

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27 January, 2023

Brankas and Element introduce advanced fraud detection in open finance

Brankas, a global open fintech provider, and Element Inc, a privacy-led AI pioneer, announced a strategic partnership to introduce an...

Binance resorting to shady payment providers as legitimate options run short

Business

Jordan Atkins

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25 January, 2023

Binance resorting to shady payment providers as legitimate options run short

Signature’s decision to pull back from the digital asset space chaos won’t stop Binance from finding another bedfellow—the question is...

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