Tagged: justice department

April 24, 2026 @ 8:06 am By Omar Faridi  |  

A concerning case is highlighting the emerging risks that are now seemingly at the c0mplex intersection of US national security and online wagering. US federal prosecutors have charged a U.S. Army soldier with misusing highly sensitive government data to generate substantial profits through prediction markets…. Read More

April 14, 2026 @ 6:05 pm By Omar Faridi  |  

The US Department of Justice has launched a formal process to return money to victims of the sprawling OneCoin cryptocurrency fraud, drawing on more than $40 million in assets seized through criminal forfeiture.The announcement, released on April 13, 2026, marks a significant step in addressing… Read More

February 13, 2026 @ 4:49 pm By Omar Faridi  |  

In a recent development in the ongoing battle against international financial fraud, a U.S. federal judge has handed down a 20-year prison term to Daren Li, a 42-year-old man holding dual citizenship in China and St. Kitts and Nevis. The sentence, delivered in absentia in… Read More

September 30, 2024 @ 3:54 pm By Omar Faridi  |  

Rohit Chopra, the Consumer Financial Protection Bureau (CFPB) Director, issued this past week a statement on the US Justice Department’s Lawsuit Against Visa (NYSE:V). CFPB Director Rohit Chopra has highlighted key points regarding the U.S. Department of Justice’s lawsuit against Visa, the payment network conglomerate…. Read More

November 24, 2023 @ 10:59 am By Omar Faridi  |  

Former CEO and Binance founder Changpeng Zhao‘s (CZ) departure from the firm will trigger some short-term volatility in the cryptocurrency market, but crypto will “continue to thrive as more institutional money pours in,” predicts the CEO of an independent financial advisory, asset management and fintech… Read More

May 10, 2022 @ 9:30 am By Omar Faridi  |  

The Department of State is offering a reward of “up to $10,000,000 for information leading to the identification and/or location of any individual(s) who hold a key leadership position in the Conti ransomware variant transnational organized crime group.” In addition, the Department is also offering… Read More