Manhattan District Attorney Freezes $1.3 Million in Crypto — Seeks to Return ...
Manhattan District Attorney (DA)’s Office has frozen more than $1.3 million in cryptocurrency “during fraud investigations conducted over the past ten months.” The authority said: “We are returning that money to the victims of these schemes — while raising awareness to prevent future fraud.” $1.3 Million in Cryptocurrency Frozen Manhattan District Attorney (DA) Alvin Bragg announced Thursday that his office has “frozen more than $1.3 million in cryptocurrency during fraud investigations conducted over the past ten months.” Bragg detailed,....
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BitInstant CEO Charlie Shrem has today been released on bail following a court appearance. Shrem appeared before the US District Court in Manhattan this morning, walking out shortly after on a $1m bond. The CEO was arrested at New York's John F Kennedy International Airport on Monday. He faces serious money laundering charges, brought by the US Attorney's Office in Manhattan. Shrem is anything but a free man at this point. Under the terms of the bail agreement, he will remain confined to his parents' home in Brooklyn. Assistant US attorney Serrin Turner opposed bail, arguing that Shrem has....
A New York man was charged Friday with operating a crypto money laundering scam that he publicly promoted on social media, bragging to clients he could help them stay “totally off the radar.” The individual, a former party organizer, was charged by the Manhattan District Attorney with laundering $2.7 million in bitcoin and cash to […]
The 29,655 bitcoins seized by US law enforcement agents from defunct online black market Silk Road will be liquidated by the US government, a 16th January press release from the US Attorney's Office of the Southern District of New York confirmed. US District Judge J. Paul Oetken signed off on the forfeiture order on Thursday, clearing the government to sell the assets, which as of press time are worth more than $25m. While no timetable for the sale was issued, the development brings the government one step closer to unloading its Silk Road holdings, estimated to be 1.5% of all bitcoins,....
After gaining limelight for concluding a number of Wall Street and Bitcoin cases, US Attorney Preet Bharara recently had a bitter work relationship with elevated authorities. The incidence is drawn out from an opinion piece issued by Manhattan's Federal District Court Judge Valerie E. Caproni, over Bharara's recent public remarks on Assemblyman Sheldon Silver. According to the senior judge, Bharara was completely off his jurisdiction limits while making derogating remarks over a person who is currently facing a criminal trial related to fraud and extortion. She bashed the New York attorney....
U. S. District Judge Gary Feinerman has reportedly frozen the U. S. -based assets of Mt. Gox CEO Mark Karpeles and companies related to him for two weeks as clients of the former exchange look to get back at least some of what was in their accounts before the company shut down. Feinerman is said to have placed a temporary restraining order on Karpeles' assets, that of a related company in the U. S., and the parent company of the exchange's operator, according to the Wall Street Journal. The WSJ reported indicates that the firm that ran the exchange, Tibanne, is not affected by the order....