fraud

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Crypto influencer on TikTok pleads guilty to $1.2 million fraud

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June 3, 2023

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A former TikTok crypto influencer has been forced to forfeit a gold physical bitcoin and more than $17,000 in cash after pleading guilty to wire fraud, aggravated identity theft, and money laundering charges. TikTok star splurged stolen cash on crypto Denish Sahadevan, also...

Security Laws Are Not Ready For The Digital Era4

Defendants in $18m fraud lawsuit argue SEC lacks authority over crypto

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May 23, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Two individuals charged with orchestrating an alleged fraudulent cryptocurrency mining scheme amounting to $18 million have moved to dismiss the lawsuit filed against them by the United States Securities...

Terraform labs Do Kwon co-founder pleads not guilty to passport fraud in Montenegro

0xMain
May 11, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Do Kwon, co-founder of Terraform Labs, entered a not-guilty plea in a Montenegrin court on May 11. Kwon was accused of utilizing forgeries of Belgian and Costa Rican passports....

Former SPAC CFO sentenced to 3 years for $5m crypto fraud

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April 28, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A former chief financial officer of a special purpose acquisition company (SPAC) was given a jail term of three years for stealing $5 million intended to be used for...

Former investment banker Rashawn Russell charged with crypto fraud

0xMain
April 12, 2023

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Former investment banker and registered broker Rashawn Russell was arrested in Brooklyn for allegedly scamming investors using cryptocurrency investment fraud schemes. Russell’s arraignment is set to take place in a federal court in Brooklyn on April 12. Russel charged with crypto fraud Rashawn...

OneCoin’s legal head extradited to US on fraud charges

0xMain
March 21, 2023

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Mark Scott, the legal head of the controversial cryptocurrency project OneCoin, has been extradited to the United States to face charges of fraud, money laundering, and conspiracy to commit wire fraud, marking the latest development in the ongoing investigation into the multi-billion-dollar Ponzi...

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SEC going after BKCoin and Kang over fraud allegations

0xMain
March 6, 2023

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The U.S. SEC has filed an emergency action against BKCoin Management LLC and its principal, Kevin Kang, for allegedly orchestrating a $100 million crypto fraud scheme. The SEC obtained an asset freeze, appointment of a receiver, and other emergency relief against the Miami-based...

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SEC charges Terraform and Do Kwon with fraud allegations

0xMain
February 17, 2023

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The US Securities and Exchange Commission filed charges against Singapore-based Terraform Labs PTE Ltd and Do Kwon on Feb. 17, accusing them of perpetrating a scam involving algorithmic stablecoins and other crypto asset securities that totaled multiple billion dollars. Today we charged Singapore-based...

US DoJ calls for independent fraud investigator for FTX

0xMain
February 6, 2023

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The U.S. Department of Justice (DoJ) has called for U.S. Bankruptcy Judge John Dorsey to appoint a separate, independent third-party examiner to investigate FTX’s bankruptcy further. US DoJ calls for more investigations on fraud The U.S. Department of Justice called for the appointment...