Justice department seizes over $112 million in funds linked to cryptocurrency investment schemes
The Department of Justice announced today that it has seized virtual currency worth an estimated $112 million linked to cryptocurrency investment scams.
Man sentenced to over four years in prison for attempting to swipe 712 bitcoin that were part of an open investigation
An Ohio man was sentenced today to four years and three months in prison for stealing over 712 bitcoin that were the proceeds of the darknet bitcoin mixer Helix and subject to forfeiture.
DOJ charges Nevada man, allege he stole more than $45 million from 10,000 in crypto fraud
A Nevada man has been charged for his alleged participation in CoinDeal, an investment fraud scheme that defrauded more than 10,000 victims of over $45 million.
The Department of Justice took action against six people charged in an alleged crypto scheme that resulted in over $100 million in losses. As of the time of the announcement of the charges, the prosecution is the largest known fraudulent scheme involving non-fungible tokens, known widely as NFTs in the crypto world.
Four Australian fraudsters were convicted for stealing and laundering £21 million in bitcoin and other cryptocurrencies. The scam took place over three months from October 2017 and January 2018 and was masterminded by a man named James Parker.
"Law enforcement officials in Malaysia recently arrested ten individuals linked to a criminal syndicate that allegedly used cryptocurrencies to launder fraudulent proceeds”
"The charges in the indictment arise from an alleged novel scheme by the defendants to exploit the very integrity of the Ethereum blockchain to fraudulently obtain approximately $25 million worth of cryptocurrency within approximately 12 seconds.”
"In a significant cryptocurrency crackdown on illicit financial activities, the Public Security Bureau of Panshi City, Jilin Province, revealed the dismantling of an underground banking operation exploiting cryptocurrency."
