Tagged: department of justice

FBI Arrests EminiFX Operator for Alleged Crypto, Forex Scams

Handcuffs Incarceration Crime Punishment

The Federal Bureau of Investigation (FBI) has arrested Eddy Alexandre, operator of the crypto and Forex trading platform EminiFX, regarding allegations of a $59 million fraud. According to the Department of Justice (DOJ), Alexandre allegedly committed commodities and wire fraud soliciting over $59 million from… Read More

“Coin Signals” Crypto Trader Gets 42 Months in the Slammer for Defrauding Investors

Photo by Robert Hickerson on Unsplash Jail Prison Razor Wire Fence

Jeremy Spence, aka Coin Signals, has received a judgment of 42 months in prison for defrauding over 170 investors. According to the US Department of Justice, Spence pled guilty with the sentence being handed down this past week. Charges were originally filed in early 2021… Read More

Crypto Fraud: SEC, DOJ Charges Brother – Sister Team with Allegations of $124 Million Scam with Ormeus Coin

Fraudcoin

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

Tinkoff Bank Named Systemically Important Russian Lender, Founder Pays $500M+ Fine in US

Find Search Seek Money Magnify Scrutiny Dollar

Tinkoff Bank has been added to the Bank of Russia’s list of 13 systemically important lenders, the institution said this week. They said the decision was based on such factors as higher than average business growth and an extensive customer base. The move comes days… Read More

CipherTrace Shares Report on Blockchain Analysis that Helped US Seize $2M+ in DarkSide Ransom Paid by Colonial Pipeline

Money Cyber Crime Hack Ransom Theft

On June 7, 2021, the US Department of Justice announced that they had managed to seize 63.69 BTC (valued at around $2.5 million) of the 75 BTC ransom Colonial Pipeline was forced to pay to DarkSide. This ransom recovery is notably the very first undertaken… Read More

Crypto Fraud: Roger Nils-Jonas Karlsson Pleads Guilty to Securites Fraud, Money Laundering in Scam that Pilfered Over $16 Million

Bernie Madoff 5 Dollars Money Trust Me Not Fraud

Roger Nils-Jonas Karlsson, 47, has pleaded guilty to securities fraud and money laundering pertaining to a scam that defrauded more than 3,500 victims of more than $16 million, according to the US Department of Justice. Karlsson apparently directed his victims to make investments using virtual… Read More

A Record Bitcoin Seizure by the US Government at Over $1 Billion in Crypto

Silk Road Seized by FBI

The US government is looking to set a new record of sorts. The Department of Justice has filed a civil action to seize Bitcoin valued at more than $1 billion, the largest seizure of its kind ever. As has been widely covered, a long slumbering… Read More

US Department of Justice Files Anti-Trust Suit Pertaining to Visa Acquisition of Plaid

nathan shively Unsplash Referee Legal Penalty Violation Fraud

In a blow to a significant Fintech, the US Department of Justice has filed suit in federal court pertaining to Visa’s (NYSE:V) pending $5.3 billion acquisition of Plaid, a top open banking platform. Last January, Visa announced its intent to purchase Plaid. At that time,… Read More

tZERO Chief Legal Officer on Crypto Enforcement Actions: “Cowboy innovation is worse than no innovation at all”

Wild West Cowboy Small

Last week, the US Department of Justice published a white paper, crafted by the Cyber-Digital Task Force, that outlines its approach to enforcement when it comes to digital assets (or cryptoassets). US Attorney General William Barr issued the following statement on the framework: “Cryptocurrency is… Read More

Department of Justice Publishes Cryptocurrency Enforcement Framework: “We see criminals using cryptocurrency to try to prevent us from following the money”

William Barr

Attorney General William P. Barr announced today the publication of the “Cryptocurrency: An Enforcement Framework.” The publication was created by Barr’s Cyber-Digital Task Force. The document outlines the Department of Justice’s approach to crypto and its challenges. The Framework states: “… despite its relatively brief… Read More

John McAfee Hit by SEC Enforcement Action Regarding ICO Promotions, DOJ Joins in with Criminal Charges

John McAfee

John McAfee, a blockchain advocate and former software entrepreneur that created McAfee ant-virus software, is the target of a Securities and Exchange Commission (SEC) enforcement action pertaining to the promotion of initial coin offerings (ICOs). The civil action by the SEC was joined by criminal… Read More

SEC Files Civil Enforcement Action Against Brendan Ross, Former Direct Lending Investments CEO, Criminal Charges Filed by DOJ

Brendan Ross Direct Lending Investments

Brendan Ross, the former CEO and founder of Direct Lending Investments (DLI), is the target of a Civil Enforcement Action filed by the Securities and Exchange Commission (SEC) last week. Direct Lending Investments was once a prominent participant in the online lending industry in the… Read More

US Department of Justice Alleges that President Nicolas Maduro and other Venezuelan Leaders Used Cryptocurrencies to Bypass Political and Economic Sanctions

Nicolas Maduro

The US Department of Justice (DOJ) is alleging that several Venezuelan leaders and politicians, including President Nicolas Maduro, took advantage of their positions, financial systems, and virtual currencies to conceal and carry out criminal activity for more than two decades. An indictment released on March… Read More

“Prolific” Dark Net Fentanyl Dealer Forfeits $4 Million USD, Including Bitcoins

nathan shively Unsplash Referee Legal Penalty Violation Fraud

A man who pleaded guilty in New York to distributing, “prolific quantities of powerful opioids,’ has also agreed to forfeit $4,156,198.18, “including the funds or currency in seven different Bitcoin wallet addresses.” The release regarding the plea and forfeiture from the Department of Justice (DOJ), U.S. Attorney’s… Read More

San Diego LocalBitcoins Dealer Pleads Guilty to Money Laundering, Forfeits “Ill-Gotten Gains”

Launder Laundery

Jacob Burrell Campos, 21, plead guilty in San Diego yesterday to operating an unlicensed money business and agreed to forfeit $823,357.00, according to a news release from the US Attorney’s Office-Southern District of California. Mr Campos admitted he traded hundreds of thousands of dollars of… Read More

Update: LendingClub SEC / DOJ Settlement Totals $6 Million

LendingClub at LendIt 2017

Last week, CI reported that the Securities and Exchange Commission (SEC) had charged LendingClub Asset Management LLC (part of Lending Club), and former President Renaud Laplanche with fraud for improperly using fund money to benefit LendingClub. A settlement was quickly agreed to by all parties… Read More

21-Year-Old Charged with Laundering Millions for Bitcoin by US Attorney’s Office in California

Launder Laundery

21-year-old Jacob Burrell Campos has been charged by the US Attorney in Southern California with 31 counts of money laundering, operating an illegal money transmitting business, and conspiracy to structure the importation of monetary instruments. The charges stem from evidence indicating Mr Burrell laundered millions of… Read More

Online Service Provider DreamHost Launches Crowdfunding Efforts For Anti-Trump Administration Website

Donald Trump Toilet Paper

DreamHost, an online service provider for web hosting and cloud computing services to more than 400,000 customers worldwide, has recently launched crowdfunding efforts on CrowdJustice to fight a subpoena warrant from the Department of Justice that are requesting information for a customer’s website, disruptj30.org (aka ResistThis) which is notably… Read More

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