Tagged: lawsuit

April 1, 2019 @ 11:09 pm By JD Alois  |  

According to a report in the Vancouver Sun, Vanbex, formerly doing business as Etherparty Smart Contracts, has been hit with a lawsuit launched by the British Colombia Civil Forfeiture Office. The report alleges that Vanbex and its two founders, Lisa Cheng and Kevin Hobbs, were… Read More

January 26, 2019 @ 8:44 am By Cali Haan  |  

Moshe Hogeg, a high-profile Israeli crypto startup founder (Invest.com, Stox, Sirin Labs) previously sued by Invest.com investors, is now being sued by a Chinese cryptocurrency investor who claims Hogeg has been misusing funds he raised in an initial coin offering (ICO) for the creation of… Read More

January 25, 2019 @ 4:31 pm By JD Alois  |  

iFunding was an early entrant into the real estate crowdfunding sector. Once Title II of the JOBS Act became law (Reg D 506c), it opened up a new world of online promotion for securities offerings and real estate almost immediately became one of the hottest… Read More

January 20, 2019 @ 6:01 pm By JD Alois  |  

SIM Swap fraud is a pressing problem not only in the crypto world but identity fraud in general. A fairly new scam, the con is hatched when a criminal takes over an individual’s mobile phone by cloning the hardware. Once the perpetrator controls the mobile… Read More

January 8, 2019 @ 9:46 am By Cali Haan  |  

A man arrested for flinging Hong Kong hundred dollar bills ($13 USD) off a local high-rise in December is now being sued by investors who say he duped them out of $3 million dollars, South China Morning News (SCMP) reports. Four investors staged a protest… Read More

January 7, 2019 @ 9:20 am By JD Alois  |  

Happy New Year. Filed on January 3rd, the busy law firm of Levi & Korsinsky filed a class action lawsuit against Nano cryptocurrency and failed crypto exchange Bitgrail along with its founder Francisco “the Bomber” Firano. The lawsuit was filed on behalf of plaintiff James… Read More

December 30, 2018 @ 3:30 pm By Onki Kwan  |  

Recently, the SEC has charged the gamut of ICO players with violating the securities laws, including companies raising money with ICOs, an exchange, and people promoting ICOs. None of the recent cases contained allegations of fraud and in some cases, the companies attempted to comply… Read More

December 29, 2018 @ 6:37 pm By Cali Haan  |  

Florida law firm Silver Miller is making quite a name for itself as it files yet another class action lawsuit against a crypto Ponzi scheme called “Coin Signals” allegedly pervaded by Jeremy Spence of New York, Jaime Cruz-Herrera of New Jersey and associates. According to a… Read More

December 29, 2018 @ 9:05 am By Cali Haan  |  

Craig Wright, an Australian businessperson and Bitcoin enthusiast who claims to be the elusive inventor of Bitcoin, Satoshi Nakamoto, has lost a bid to have a lawsuit filed against him in Florida courts dismissed. The suit claims that Wright absconded with between 300 000 and… Read More

December 13, 2018 @ 11:15 pm By Cali Haan  |  

The world of cryptocurrencies has often been compared to the Wild West or some other “every man for himself” situation. Users are repeatedly admonished to protect their “private keys” (passwords, essentially) and maintain custody of them whenever possible. “No keys, no crypto” is a popular… Read More

December 6, 2018 @ 9:21 pm By Cali Haan  |  

Plaintiffs in Florida have brought a suit against Bitcoin Cash ABC, it’s leader Roger Ver, the Kraken cryptocurrency exchange, and others, arguing the parties colluded, “to take control of the Bitcoin Cash network for personal gain…which caused a global capitalization meltdown of the Bitcoin Cash network… Read More

October 30, 2018 @ 11:12 am By Cali Haan  |  

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

October 28, 2018 @ 4:50 pm By JD Alois  |  

CI reported last month that the Conference of State Bank Supervisors (CSBS) was considering filing a lawsuit against the Office of the Comptroller of the Currency (OCC). Once again, the CSBS mission is a legal challenge to the much debated OCC Fintech Charter. Last week, the… Read More

October 25, 2018 @ 2:53 am By Cali Haan  |  

A $152 million lawsuit filed by the self-proclaimed expelled CEO against remaining executives at the prediction market platform Augur, has reportedly been settled, and has been taken “off calendar” at San Francisco courts, Forbes reports. According to Forbes, the case filed last April by Matthew Liston… Read More

October 20, 2018 @ 6:54 pm By JD Alois  |  

Lawless, ill-conceived, and destabilizing of financial markets. While most level headed individuals will have the opinion this statement best describes the New York Department of Financial Services (NY DFS) and their anti-Fintech point of view, think again. This is how the DFS describes the Office… Read More

October 19, 2018 @ 3:34 pm By Cali Haan  |  

Florida law firm Silver Miller has combined six class action cases against BitConnect into one case, and the case will be pursued in the U.S. District Court for the Southern District of Florida, Coindesk reports. Silver-Miller has asked for a jury trial. The case not… Read More

October 6, 2018 @ 9:44 am By Cali Haan  |  

Seven more Russian spies have been indicted in the US, charged with multiple counts of attacking industrial, sports, anti-doping and anti-chemical weapons organizations across the world. The personal records of rival athletes were also targeted. Prosecutors in the Western District of Pennsylvania also claim the… Read More

September 18, 2018 @ 7:28 pm By Cali Haan  |  

All the known assets of Alexandre Cazes, a 34-year-old Quebcois accused of running the AlphaBay Marketplace, were forfeited in a default judgement by the US government in a California courtroom September 6th after no one appeared to contest the forfeiture, court documents indicate. The assets,… Read More

September 14, 2018 @ 5:00 pm By Joshua Ashley Klayman  |  

As has been reported widely, digital token sales (sometimes referred to as initial coin offerings or ICOs) arguably are becoming increasingly important as a new form of capital raising.  To date, certain regulators (including the U.S. Securities and Exchange Commission (the “SEC”)) have provided ongoing… Read More

September 13, 2018 @ 2:06 pm By JD Alois  |  

According to a post on the Conference of State Bank Supervisors (CSBS), the group is gearing up for more litigation pertaining to the renewed push by the Office of the Comptroller of the Currency (OCC) and their Fintech Charter. The CSBS is a national lobbying… Read More