Tagged: fbi

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

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

Yieldstreet Responds to Report Pertaining to Alleged SEC/FBI Investigations, States They Have Done Nothing Wrong

Alternative investment platform YieldStreet has responded to queries regarding a recent report alleging that the Securities and Exchange Commission (SEC), as well as the Federal Bureau of Investigation (FBI), were investigating specific securities issued via the platform. Last week, it was reported that both the… Read More

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

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

FBI and SEC Said to be Investigating YieldStreet: Report

YieldStreet, an accredited crowdfunding platform offering access to alternative securities offerings including real estate-based securities. Typically, YieldStreet looks to list short term investment opportunities, that are uncorrelated with traditional markets, that generate income for individual investors. YieldStreet may list securities tied to art, legal or… Read More

Digital Banking Adoption Could lead to More Cyber Attacks and Security Issues, FBI Warns

The US Federal Bureau of Investigations (FBI) has warned that there could be an increase in financial crime due to the rise of digital banking. The warning is a reminder from the FBI that mobile banking providers and financial institutions must protect their clients from… Read More

The FBI: Crypto Scams are Coming

The Federal Bureau of Investigation is out with an ominous note predicting a rise in cryptocurrency-related scams fueled by the COVID-19 pandemic. The FBI expects that the bad guys will take advantage of the FUD to steal your money and then launder it through the… Read More

US Department of Justice Charges Two Chinese Nationals with Laundering $100 Million in Cryptocurrency from South Korean Crypto Exchange Hack

The US Department of Justice (DOJ) has charged two Chinese nationals with laundering more than $100 million in cryptocurrency as part of an exchange hack orchestrated by North Korean perpetrators, according to a release. The laundering allegedly took place between December 2017 and April 2019…. Read More

Another Alleged SIM-Swap Cryptocurrency Thief Indicted

A 23-year-old who allegedly used cryptocurrencies he stole from crypto executives and users to fund the purchase of houses, a Ferrari, a Rolex and the royalty rights to twenty songs was arrested in Latrobe, Pennsylvania, December 11th. Anthony Francis Faulk has been charged with one count of… Read More

FBI Investigating Attempted Breach of Blockchain Election App Voatz

West Virginia’s Secretary of State, Mac Warner, disclosed in a speech and press release October 2nd that someone tried to hack into a blockchain-based voting system provided to the state by a company called Voatz. The system was being trialed as a means of allowing… Read More

BitFunder and WeExchange CEO, Jon Montroll, Sentenced to 14 Months for Fraud and Obstruction of Justice

Jon Montroll, operator of two online crypto investment schemes, WeExchange Australia and BitFunder, has been sentenced to 14 months in prison for fraud and obstruction of justice. Montroll, 38, of Saginaw, Texas, has also been ordered to pay restitution of $167, 480 USD and will… Read More

Man Behind “BBB” Binary Options and “ATM Coin” Cryptocurrency Frauds Sentenced to 7 Years

A judge in the state of New York has sentenced Blake Kantor (also known as “Bill Gordon”), 44, to 86 months’ (~7 years’) imprisonment and three years’ supervised release for defrauding 700 people in a binary options and cryptocurrency scheme. Kantor pleaded guilty to charges… Read More

FBI Seeking Information from Investors Harmed in Collapse of QuadrigaCX

The US Federal Bureau of Investigation (FBI) is seeking information from investors who lost money when the Canadian cryptocurrency trading platform QuadrigaCX fell apart late last year. Individuals with questions or concerns about the failed exchange or who believe they were a victim in the… Read More

Federal Authorities Charge Two Individuals with Providing “Shadow Banking” Services to Cryptocurrency Exchanges, Including Bitfinex

“Processed hundreds of millions of dollars of unregulated transactions on behalf of numerous cryptocurrency exchanges.” The Federal Bureau of Investigation (FBI) has arrested American citizen Reginald Fowler, 60. The US Attorney for the Southern District of New York has charged him with bank fraud, conspiracy… Read More

$4.5 Million in Cryptocurrencies Seized and 61 Arrested in International Dark Net Opioid Market Crackdown

61 people have been arrested and 50 Darknet accounts shut down following a joint operation against Dark Net opioid markets executed by J-CODE, the Joint Criminal Opioid and Darknet Enforcement team. According to an FBI press release, the arrests were made as part of Operation… Read More

1Broker Settles SEC/CFTC Case “Without Admitting or Denying Factual Allegations”

1Broker, a Marshall Islands-registered company with a CEO based in Austria, has announced it has settled lawsuits filed against it by the US Securities regulators, the SEC and CFTC: “We are pleased to let you know that we settled the two lawsuits without admitting or… Read More

Cleveland FBI Seeking Information from Investors Harmed by Billion Dollar Bitconnect Crypto Scam

The FBI is seeking information from “potential victims” of Bitconnect, a cryptocurrency Ponzi that bilked investors across the globe out of billions of dollars. People with information they wish to submit to the FBI can do so via a special online form set up by… Read More

FBI: More Crypto Tokens, More Scams. Buyer Beware

Netherlands-based payments news outlet The Paypers has published an interview with an unnamed investigator from the FBI (Federal Bureau of Investigation), America’s domestic intelligence and security agency, in which the agent suggested a direct correlation between the number of ERC-20 tokens in circulation and the number of… Read More

Oakland Man Accused of Using Bitcoins on Dark Net to Purchase Chemical Weapon for Use in Domestic Violence

Oakland, California resident Sandford Bemi Faison is being held on charges alleging he tried to buy a toxic chemical on the Dark Net in order to poison his estranged spouse, The Los Angeles Times reports. The intended victim is also the mother of the accused’s two… Read More

Lawyer: Greek Justice System Violating Rights of Accused Bitcoin Launderer Alexander Vinnik

The legal rights of a man at the centre of an international tug-of-war have been violated by the Greek justice system, a lawyer for accused BTC-e administrator Alexander Vinnik argued in court this week. “You have violated the rights of Alexander Vinnik, who hasn’t received… Read More

FBI Investigating “Call of Duty” Players Suspected of Stealing $3.3 Million in Cryptocurrency

A man in Bloomington, Indiana claims he was coerced into cooperating with a group of “Call of Duty” players that “cryptojacked” (stole) $3.3 million dollars of cryptocurrency from various victims, Chicago Sun Times reports. Though no charges have yet been laid, unsealed court documents show… Read More

Send this to a friend