Tagged: enforcement

August 21, 2018 @ 10:56 am By Cali Haan  |  

A judge’s plan to allow a young man accused of hacking a popular online video game system to post $750 000 bail in cryptocurrency have hit a snag, Market Watch reports. Martin Marsich, 25, was arrested at San Francisco Airport August 8th while reportedly on… Read More

August 20, 2018 @ 4:16 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Michael (Mike) B. Rothenberg, and his firm Rothenberg Ventures with fraud. Rothenberg, and his company, has agreed to settle the charges without admitting nor denying the allegations incorporated in the SEC complaint. The SEC states that Rothenberg’s… Read More

August 20, 2018 @ 12:13 pm By Cali Haan  |  

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

August 18, 2018 @ 10:22 am By Cali Haan  |  

A young man accused of hacking popular Bay Area computer gaming company Electronic Arts (EA) has been forced by a California Judge to post $750 00 worth of cryptocurrency as bail. Martin Marsich, 25, was arrested at San Francisco Airport August 8th while en route… Read More

August 16, 2018 @ 6:13 pm By Dror Futter  |  

Summary:    The SEC has issued a Cease & Desist Order and sanctions against a token issuer and its founder.  Among several findings, the SEC determined that the “Bounty Program” run by the issuer constituted a securities offering.  The Order states “a ‘gift’ of a… Read More

August 12, 2018 @ 9:50 pm By JD Alois  |  

The Bureau of Consumer Financial Protection (previously known as the CFPB) has reported that a federal district court in the Western District of Missouri has entered an Order effectuating a settlement between the Bureau  and Richard Moseley, Sr., Richard Moseley, Jr., and 20 interrelated corporate… Read More

August 3, 2018 @ 5:01 pm By Cali Haan  |  

A LocalBitcoins seller in Arizona has been sentenced to 41 months’ imprisonment (with credit for time served) after being convicted by a jury of trading bitcoins for drug money. According to a release from the Arizona District Attorney’s Office, federal agents began investigating Thomas Mario… Read More

August 2, 2018 @ 4:16 pm By Cali Haan  |  

An initial coin offering has been hit by an action by the state of Colorado that was deemed to be a security. A July 30th release from the Colorado Department of Regulatory Agencies states that “Linda Healthcare” purveyor Arturo Devesa has received a cease and… Read More

July 25, 2018 @ 3:03 pm By JD Alois  |  

Jon Montroll, also known as “Ukyo” – former operated of two crypto businesses WeExchange and Bitfiunder, pled guilty to securities fraud and obstruction of justice charges leveled against Montroll in New York Federal Court in New York this week. Montroll launched Bitfunder in 2012 where… Read More

July 24, 2018 @ 12:11 pm By JD Alois  |  

Multi-year offering fraud raised at least $27.4 million from over 100 investors The Fyre Festival was billed as a super luxe musical festival to be held in the Exumas (part of the Bahamas) populated by models and the super cool. Celebrities like Bella Hadid, Kendall… Read More

July 23, 2018 @ 12:19 pm By JD Alois  |  

In early 2018, the Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against Dillon Michael Dean of Longmont, Colorado and his company, The Entrepreneurs Headquarters Limited. The UK registered firm and Dean have… Read More

July 23, 2018 @ 9:01 am By Cali Haan  |  

A man accused of using a digital token offering to defraud investors had his computers brought before him in a Quebec courtroom earlier this month and was forced by the presiding judge to hand over 420 bitcoins, Radio Canada reports. Dominic Lacroix planned his “Plexcoin”… Read More

July 16, 2018 @ 2:24 pm By Cali Haan  |  

Alexander Vinnik, a Russian national accused by the US government of laundering $4 billion dollars of cryptocurrency proceeds of crime will be extradited from Greece to France to face charges there, CNN Greece reports. An unsealed US government indictment charges Vinnik with 21 counts of… Read More

July 10, 2018 @ 11:12 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has obtained final judgments against attorney T.J. Jesky and his law firm’s business affairs manager, Mark F. DeStefano pertaining to the illegal sales of Ubi Blockchain stock. Both Jesky and DeStefano profited from sales in the stock. UBIA is a… Read More

June 30, 2018 @ 10:59 am By Cali Haan  |  

The American Department of Justice (DOJ) announced June 26th that its “First Nationwide Undercover Operation Targeting Darknet Vendors” has resulted in the arrest and charge of 35 individuals accused of selling illicit goods in the Internet underworld. The comprehensive, inter-agency dragnet also seized guns, drugs,… Read More

June 20, 2018 @ 11:13 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has received an additional emergency court order freezing the assets of Dominic Lacroix. The freeze is part of an ongoing enforcement action that stems from some time ago. The SEC had previously sued for securities fraud and had obtained… Read More

June 13, 2018 @ 9:56 am By Cali Haan  |  

Police in Japan have charged three individuals with infecting the computers of unsuspecting individuals with malware that mines the privacy cryptocurrency Monero. According to the Japanese daily news provider Mainichi, the three individuals are accused of setting up web sites designed to attract and then surreptitiously… Read More

June 8, 2018 @ 11:44 am By JD Alois  |  

Yesterday, the Securities and Exchange Commission, Division of Enforcement, posted an update on the Titanium Blockchain enforcement action that reviewed the preliminary injunction filed against the firm. A quick review of the update indicated little new pertaining to the SEC’s move to shut down the… Read More

May 30, 2018 @ 7:49 am By JD Alois  |  

Titanium Blockchain (TBIS), founded by Michael Alan Stollery, aka Michael Stollaire, has issued an official statement regarding the enforcement action by the Securities and Exchange Commission (SEC) which froze all of the TBIS assets in a court ordered emergency action. TBIS raised approximately $21 million in… Read More

May 29, 2018 @ 9:26 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has received a court approved emergency asset freeze and the appointment of a receiver for Titanium Blockchain Infrastructure Services (TBIS) pertaining to an initial coin offering (ICO). Between November 2017 through at least January 2018, the ICO succeeded in raising as… Read More