Brazilian Judge Dismisses Bitcoin Scam Mastermind’s Attempt to Block His Extr...
A Brazilian judge has ruled that the CEO of Mirror Trading International should remain in precautionary detention as authorities in South Africa have already furnished their Brazilian counterparts with the documentation that is required for extradition purposes. The judge also rejected Johann Steynberg’s attempts to use his Brazilian family as the basis for seeking an end to his precautionary detention. Documentation for Steynberg’s Formal Extradition A Brazilian judge recently dismissed an application by Johann Steynberg — the mastermind behind Mirror....
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The United States Department of Justice (DOJ) says it has seized cryptocurrencies worth $24 million after receiving an official request from the government of Brazil. The seizure stems from an ongoing investigation into the $200 million cryptocurrency scam that may have defrauded tens of thousands of Brazilians. The authorities in Brazil say the scammers duped people by typically promising exaggerated returns and falsifying where the funds were invested. Criminal violations In a statement, the DOJ says the U.S. acceded to Brazil’s request in line with the cooperation treaty signed....
In the SEC v. Ripple lawsuit, the court has rejected the SEC’s attempt to block XRP holders’ Motion to Intervene and has set submission deadlines for the motion to be filed as well as for responses from the SEC and Ripple. Judge Dismissed SEC’s Attempt to Stop XRP Holders From Intervening in Ripple Lawsuit In the U.S. Securities and Exchange Commission (SEC) v. Ripple Labs case, the district court of the Southern District of New York “has reviewed the parties’ and proposed intervenors’ letters dated March 19 and 26, 2021,” according to the court....
Brazilian football legend Ronaldinho Gaúcho faces the looming possibility of detention as he becomes entangled in a cryptocurrency fraud investigation in his homeland. Accused of being associated with a pyramid scheme post-retirement, Ronaldinho’s involvement allegedly catalyzed financial losses for scores of investors who were swayed by his iconic status. Summoned by the Brazilian Chamber of […]
A Manhattan federal judge has dismissed a securities fraud class action against Bancor after ruling that the plaintiff’s allegations were not enough to give the court jurisdiction. According to a report, the dismissal of the case against represents the first such ruling “in a suite of similar cases filed by crypto investors represented by Selendy & Gay and Roche Cyrulnik.” US Courts Have no Jurisdiction In their motion against Bancor, which has offices in Switzerland and Israel, the plaintiffs led by Timothy Holsworth, had argued that the protocol’s “BNT....
Bitcoin core developers and former core maintainers will not have to stand trial against Craig Wright. A judge in the United Kingdom ruled out that Wright via a company called Tulip Trading Limited (TTL) lacks the foundation to be tried “on the merits of the claim”. Related Reading | Florida Judge Strikes Out The Request […]