Fraud News
CFTC to Refocus on Fraud, Major Shift Away From ‘Regulation by Enforcement’
The era of regulation through enforcement is crumbling before our very eyes! Caroline D. Pham, the newly appointed acting chair of the...
Bitcoin Investor Sentenced for Tax Fraud Ordered to Disclose Passcodes for $124 Million in Digital Assets
Frank Richard Ahlgren III has made history by becoming the first US citizen convicted of tax crimes tied to… cryptocurrency sales. A...
Celsius Founder Alex Mashinsky Agrees to Plead Guilty in Crypto Fraud Case
Nearly three years on, the dust from crypto’s horror run in 2022 is starting to settle. Most will remember November 2022 – when FTX coll...
ASIC Slaps Former CEO of Crypto Exchange Mine Digital with Fraud Charges
The hammer has come down on ex-Aussie exchange Mine Digital after the platform allegedly stole over AU $2m from an unsuspecting customer. Af...
FBI: Crypto Fraud Cases Increase by 45%, Reaching $5.6 Billion
Crypto investors lost a record US$5.6 billion (AU$8.4 bn) to cyber crimes and Ponzi schemes in 2023 —marking a 45% increase from 2022, acc...
ASIC Clamps Down on 615 Crypto Scam Websites as Fraudulent Activities Surge to $1.3 Billion
The Australian Securities and Investment Commission (ASIC) has made investment scams a priority for its task force for the past 12 months ...
‘Bitcoin Jesus’ Roger Ver Arrested in Spain for Mail Fraud and Tax Evasion
Ver in the world was Bitcoin Cash supporter Roger Ver? Turns out, the man also known as Bitcoin Jesus was laying low in Spain, where author...
ASIC “Very Concerned” about Crypto Fraud, Makes Move Against Miners
Australian Securities and Investment Commission (ASIC) chair Joe Longo is ‘very concerned’ about high-risk activity and the next big fra...
SEC’s Billion-Dollar Fraud Trial Commences, As Do Kwon Leaves Prison
It wouldn’t be a crypto legal battle if it wasn’t full of drama. Disgraced former founder of Terraform Labs, Do Kown, has been on the ru...
Australian Charged with Billion-Dollar Fraud in US Over HyperVerse Scheme
The man allegedly behind one of Australia’s most notorious Bitcoin scams has officially been charged by the Securities and Exchange Commis...