Tagged: damian williams

November 3, 2023 @ 5:21 am By Omar Faridi  |  

FTX founder and former CEO Sam Bankman-Fried has been found guilty Thursday (November 2, 2023) on all seven counts that are related to fraud as well as money laundering. Bankman-Fried was indicted on fraud charges on December 22, 2022, following the collapse of his crypto… Read More

June 10, 2023 @ 4:56 pm By JD Alois  |  

The US Department of Justice has charged two Russians, Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, with the hacking of Mt. Gox. The crypto exchange was plundered in 2011 and ultimately collapsed. At the same time, the Russians have been charged with operating the BTC-e… Read More

May 11, 2023 @ 6:17 am By Omar Faridi  |  

Ishan Wahi was sentenced to two years in prison for allegedly “tipping his associates regarding crypto-assets that were going to be listed on Coinbase Exchanges.” Damian Williams, the United States Attorney for the Southern District of New York, announced “that ISHAN WAHI, a former product… Read More

December 22, 2022 @ 2:30 pm By JD Alois  |  

Sam Bankman-Fried, extradited to the US last night, will be released on $250 million, according to multiple reports. The former FTX CEO will be restricted to his parents’ home as part of the deal. Charges against Bankman-Fried were revealed last week. The indictment claims that… Read More

December 21, 2022 @ 11:41 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against former Alameda Research CEO Caroline Ellison and FTX co-founder and former CTO Gary Wang. The enforcement action was due to the pair’s role in the failure of FTX and their roles in a “multiyear scheme to… Read More

December 21, 2022 @ 11:26 pm By JD Alois  |  

U.S. Attorney Damian Williams has announced additional charges in the ongoing criminal case against FTX. According to a Tweet, the US District Court, Southern District New York, has filed charges against former Alameda CEO Caroline Ellison and FTX co-founder Gary Wang. Williams said the charges… Read More

December 13, 2022 @ 4:44 pm By JD Alois  |  

This afternoon, the US Attorney’s Office for the Southern District of New York held a press conference discussing the indictment of Sam Bankman-Fried, the one-time CEO of FTX and now the alleged perpetrator of one of the largest frauds in history. As the details emerge,… Read More

December 2, 2022 @ 4:44 pm By JD Alois  |  

SIM Swap perpetrator Nicholas Truglia has been sentenced to 18 months in prison and ordered to pay $20,379,007 in restitution to the victim of his cryptocurrency theft. Truglia is required to repay the victim within 60 days. Truglia was sentenced yesterday by US District Judge… Read More

November 7, 2022 @ 12:40 pm By JD Alois  |  

The US government has seized a “historic” amount of crypto in the form of 50,676 Bitcoin valued at $3.36 billion. The US Attorney’s Office, Southern District of New York, has announced that the seizure was in relation to the Silk Road dark web fraud. James… Read More

September 23, 2022 @ 6:00 pm By JD Alois  |  

The US Internal Revenue Service (IRS), the tax authority of the US, has received a Court Order to be able to summons records pertaining to US taxpayers who may have failed to report and pay taxes on crypto transactions. According to the Department of Justice… Read More

September 14, 2022 @ 10:48 am By JD Alois  |  

On Monday, the US Department of Justice announced it had received a guilty plea from the “first-ever cryptocurrency insider trading case.” Originally covered this past July, the Securities and Exchange Commission (SEC) simultaneously filed insider trading charges along with the U.S. Attorney’s Office for the… Read More

June 2, 2022 @ 10:55 am By JD Alois  |  

A former employee of OpenSea (Ozone Networks, Inc.) has been arrested and charged with the first-ever digital asset insider trading scheme, according to the US Department of Justice (DOJ). Nathanial Chastain a former Product Manager at OpenSea has been charged with wire fraud, and money… Read More

March 8, 2022 @ 3:03 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced fraud charges against John and JonAtina (Tina) Barksdale – a brother and sister team that allegedly pursued two fraudulent digital token offerings that garnered $124 million from retail investors. In a parallel action, the U.S. Attorney’s Office… Read More

February 25, 2022 @ 9:46 am By JD Alois  |  

Arthur Hayes and Benjamin Delo, BitMEX crypto derivatives exchange founders, have pleaded guilty to charges of violating the Bank Secrecy Act. According to the US Department of Justice, the two founders willfully failed to establish, implement, and maintain anti-money laundering (AML) programs at BitMEX. Under… Read More