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Did the Purported Fraud PlusToken Manipulate the Bitcoin Price?

Posted on December 1, 2019December 1, 2019 by Julie Williams

This year has been a great year for the crypto world. Okay, not as great as the 2017 craze, but it is a long way up compared to what we saw last year. As good as that sounds, several indicators show that the price curve was, in fact, influenced by some in-house players. Could PlusToken, which is accused of a $3.2 billion fraud, be the reason for the bull and bear price actions in the…

Prosecutors Accuse OneCoin’s Lawyer of $50M Compensation from the Crypto Ponzi Scam; Court Says Guilty!

Posted on November 22, 2019November 22, 2019 by Rehan Yousaf

Currently under investigation, OneCoin has become one of the most infamous cryptocurrency Ponzi scams. Despite that, OneCoin has denied all allegations of being a Ponzi scheme and is still operational despite the growing number of accusations and arrests of affiliated people. Mark S. Scott is a lawyer and former partner at the law firm Locke Lord who worked closely with the co-founder of OneCoin the “CryptoQueen” Ruja Ignatova. He was accused by a US prosecutor,…

Achievement? Maksim Zaslavskiy Becomes First-Ever Convicted ICO Fraudster

Posted on November 20, 2019November 20, 2019 by Julie Williams

The once big-time computer programmer Maksim Zaslavskiy, who was known for his prominent role in the crypto industry, was charged for fraud in 2017 and recently convicted for operating an initial coin offering (ICO) scam. This is the very first time anyone is going in for conducting a fraudulent ICO scheme. Of course, he is not the first ICO scammer. As a matter of fact, hundreds of fraudulent ICOs were discovered in the ICO heyday…

Suspected Swedish Crypto Scammer Handed Over to US Authorities from Thailand

Posted on November 19, 2019November 26, 2019 by Rehan Yousaf

A Sweden citizen has been extradited to the United Stated from Thailand to trial for charges of securities fraud, money laundering and wire fraud that involved digital currencies such as Bitcoin(BTC)trade. Brian A. Benczkowski, assistant attorney general of Criminal Divisions of Justice Department in United States, David L. Anderson, attorney in California based in northern district and Kelly R. Jackson, Special Agent in the Criminal investigation sector of the IRS announced this in a press…

Crypto Law Firm Silver Miller Acts Against AT&T, T-Mobile & Verizon for Enabling Sim Swapping

Posted on November 19, 2019November 19, 2019 by Julie Williams

Sim swapping recently resurfaced on the map as one of the easiest means to defraud crypto investors. And while the sim owners could be crucified for negligence, no one has taken the time to question network providers which are supposedly custodians of these sim cards. Thankfully, a legal firm committed to crypto-related cases, Silver Miller, has gathered the courage and enough evidence to dare ask the billion-dollar question - what are network providers’ role in…

OneCoin Scam Paid $300K to Neil Bush, George H.W. Bush’s Son and George W. Bush’s Brother

Posted on November 17, 2019November 17, 2019 by Rehan Yousaf

The vanished head of the OneCoin crypto Ponzi scheme, Ruja Ignatova (also known as the CryptoQueen), has paid $300K to Neil Bush, the son of the late 41st U.S. President George Bush and the brother of the 43rd President George W. Bush, for attending meetings organized by Ignatova’s fraudulent cryptocurrency company. OneCoin is again in the news for all the wrong reasons. It is undergoing a legal investigation in the United States for allegedly laundering…

CEO of South Korean Crypto Exchange CoinUp Imprisoned for 16 Years for Fraud

Posted on November 17, 2019November 17, 2019 by Julie Williams

“Everyday for the thief, one day for the owner,” they say. Well, that proved true in the case of this South Korean crypto exchange, CoinUp, which the police found to be a fraudulent scheme. According to local South Korean news reports, the crypto exchange was involved in an elaborate scam worth over $380 million. The firm allegedly deceived its investors into committing to a worthless digital coin, in the hope of getting a bigger return….

OneCoin’s Konstantin Ignatov Confesses to Fraud in the Crypto Ponzi Scheme

Posted on November 16, 2019November 16, 2019 by Rehan Yousaf

The brother Ruja Ignatova, Konstantin Ignatov, has confessed to his involvement in the crypto fraud of OneCoin. He pleaded guilty to multiple charges such as fraud and money laundering. Authorities have concluded that over $4 billion was fraudulently raised internationally in what appears to have been a cryptocurrency Ponzi scheme. The organization behind OneCoin that is based in Bulgaria denies all allegations and remains operational. Ignatov was arrested in March, from the Los Angeles International…

Transcript from OneCoin Money Laundering Case Details $4 Billion Crypto Ponzi Scheme

Posted on November 11, 2019November 11, 2019 by Rehan Yousaf

Attorney Mark Scott was charged in August 2018 on the basis of laundering an amount of over $400 million in investors’ funds via a valueless cryptocurrency scam called OneCoin, and he’s currently standing trial. The transcript of the hearings held on September 13th last year was made public recently, a few months after the court hearings. The transcript of the proceedings provides an in-depth understanding of the global investigation behind the OneCoin crypto Ponzi scheme…

CFTC Orders Binary Options and Crypto Scam Blue Bit Banc to Pay Over $4.25 Million

Posted on November 7, 2019November 7, 2019 by Julie Williams

Starting the month of November with a big bang! The US Commodity Futures Trading Commission (CFTC) has once again strengthened its trust with the general public as it busts four entities as well as two key players in a fraudulent binary options scheme that incorporated a shady cryptocurrency. The case, which was filed about 7 months ago, was finally put to bed on the 1st of November. Concluding the case, the CFTC ordered all parties…

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