Latest News and Articles about Fraud
SafeMoon CEO Convicted in $8B Crypto Fraud, Faces 45 Years
SafeMoon’s $8B Crypto Collapse: CEO Convicted in Massive Fraud, Faces 45-Year Sentence Braden Karony, the former CEO of SafeMoon, has been convicted of wire fraud, securities fraud, and money laundering, marking the end of a once-promising DeFi project that reached an $8 billion market cap before crashing spectacularly. – Braden Karony convicted of fraud and […]
Read MoreEx-Safemoon CEO Convicted of Fraud: A Stark Warning for Crypto
New York Jury Convicts Ex-Safemoon (SFM) Executive on All Charges In a stunning courtroom defeat, Braden John Karony, the former CEO of SafeMoon (SFM), has been convicted of defrauding investors out of millions. The verdict, handed down after a two-week trial, exposes the dark underbelly of the cryptocurrency world, where promises of locked liquidity can […]
Read MoreConnecticut Man’s $350K Check-Kiting Scheme Leads to Arrests, Exposes Bank Vulnerabilities
Connecticut Man Arrested in $350,000 Check-Kiting Scam Targeting US Banks Eric J. Christian, a 41-year-old from Connecticut, has been arrested for orchestrating a sophisticated check-kiting scam that defrauded US banks of over $350,000. Check-kiting is a fraud where someone writes checks from an account with insufficient funds, deposits them into another account to create a […]
Read MoreVietnamese Tycoon Truong My Lan Seeks to Repay $12.3B to Avoid Death Sentence
Vietnamese Tycoon Facing Death Sentence Scrambles to Repay Fraud Billions Vietnamese property tycoon Truong My Lan, sentenced to death for embezzling $12.3 billion from Saigon Commercial Bank (SCB), is desperately trying to repay stolen funds to mitigate her sentence. Her legal team is working tirelessly to return money to investors and recover bond profits as […]
Read MoreCharlie Javice’s $175M Fraud Allegations: A Lesson in Due Diligence
Charlie Javice’s $175M Deal with JPMorgan: Genius or Fraud? Charlie Javice, the young entrepreneur behind the student financial aid website Frank, finds herself in the midst of a legal battle with banking giant JPMorgan Chase over allegations of fraud involving a $175 million acquisition deal. The case centers on whether Javice and her top executive, […]
Read MoreArrest Warrant Issued for Bitcoin Billionaire Kevin Segal Over $212K Wyoming Fraud
Police Issue Warrant for “Bitcoin Billionaire” Kevin Segal Over $50K Bond Scam Kevin Segal, a self-proclaimed “Bitcoin billionaire,” faces a nationwide arrest warrant after allegedly defrauding Wyoming businesses of over $212,000. This case serves as a stark reminder of the potential for deceit within the cryptocurrency world, leaving victims like Jason Irvine facing financial ruin. […]
Read MoreRowland Andrade’s AML Bitcoin Scam: Fraud Conviction and Luxury Misuse Revealed
Rowland Andrade Convicted in AML Bitcoin Scam: A Tale of Fraud and Luxurious Lies Rowland Marcus Andrade, the mastermind behind the AML Bitcoin scam, has been found guilty of fraud and money laundering after a five-week trial in Northern California. Andrade lured investors with audacious claims that AML Bitcoin, a cryptocurrency designed to prevent money […]
Read MoreArizona’s House Bill 2387 Targets Bitcoin ATM Fraud with Strict Regulations
Arizona Lawmakers Take Action Against Bitcoin ATM Fraud with House Bill 2387 A woman named Tamara from Peoria, Arizona, fell victim to a scam that cost her $17,000, leading Arizona lawmakers to introduce House Bill 2387. The bill aims to combat the growing problem of Bitcoin ATM fraud by implementing stringent regulations. Aimed to reduce […]
Read MoreThodex Founder’s Conviction Partially Overturned, Fraud Charge Stands: $2B Crypto Scandal
Thodex Founder Faruk Fatih Özer’s Sentence Overturned: Fraud Conviction Stands in Major Cryptocurrency Scandal In a surprising twist, a Turkish court has partially overturned the conviction of Faruk Fatih Özer, the mastermind behind the infamous cryptocurrency exchange Thodex. While some charges were dismissed, Özer’s fraud and money laundering convictions remain intact, keeping him behind bars […]
Read MoreNiagara Police and Crypto ATM Giants Unite to Fight Fraud: A $1.3M Wake-Up Call
Niagara Regional Police Partner with Crypto ATM Operators to Combat Fraud Imagine losing your life savings to a scam at a crypto ATM. This nightmare is becoming a harsh reality for many in the Niagara Region, prompting the Niagara Regional Police Service to take decisive action. Campaign educates users on irreversible crypto transactions 60+ fraud […]
Read MoreDo Kwon’s Terra Collapse: Over 1 Million Victims, $50B Lost, Faces 9 Fraud Charges
Do Kwon’s Crypto Collapse Could Impact Over 1 Million Victims, US Prosecutors Estimate US prosecutors estimate that over one million individuals were affected by the collapse of the Terra ecosystem, founded by Do Kwon of Terraform Labs. This catastrophic event in May 2022 wiped out a staggering $50 billion valuation in just 72 hours, leaving […]
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