Scammer Sentenced to 20 years for $73M Scheme as Investors look to BMIC’s Ver...
What to Know: The 20-year sentence in a $73M pig butchering case highlights how sophisticated social engineering now underpins major crypto theft operations. DOJ- and FBI-linked reporting shows crypto investment fraud losses reached billions, reinforcing that scam pressure is structural—not a one-off cycle event. BMIC’s quantum-security narrative targets long-horizon risk: reducing key exposure while adding AI threat detection to limit behavioral attack success. The crypto world was rocked this week by a landmark legal victory against one of the industry’s most predatory scams. In a....
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Lilian Nurieva, former Head of Networks at Russian crypto Investment fund Finiko, has been sentenced to three years for defrauding private investors and participating in an organized criminal group. The $55 million pyramidal scheme is considered the second-largest financial scam in Russia’s post-Soviet history by the Federal Foundation for the Protection of Investors and Shareholders […]
The CEO of AriseBank, Jared Rice, Sr. has been sentenced to five years in federal prison in a $4 million crypto scheme. The United States Department of Justice (DOJ) announced this in a press release on the 25th of August. Rice is also the inventor of the cryptocurrency AriseCoin. AriseBank is the world’s “first decentralized banking […]
The mastermind behind a $25 million cryptocurrency debit card scheme has been sentenced to one year and one day in prison, in addition to three years of supervised release. The authorities have also seized his cryptocurrency. $25 Million Crypto Credit Card Scheme The U.S. Department of Justice (DOJ) announced Tuesday that Robert Joseph Farkas, also known as RJ, was sentenced to “one year and one day in prison” on Dec. 15. The sentencing was in connection with defrauding investors of more than $25 million in digital tokens issued by Centra Tech, a Miami-based company he....
A self-styled crypto influencer was sentenced to prison after prosecutors said he ran a large cryptojacking scheme that siphoned cloud computing power and secretly mined digital coins. Related Reading: Crypto Goes Tropical: Thailand Welcomes Tourist Spending In Bitcoin And More According to the Department of Justice, Charles O. Parks III, who called himself “CP3O” online, […]
Jose Angel Aman, charged with operating the fraudulent investment scheme, was sentenced to serve six years in federal prison and pay over $23 million in victim restitution by a federal court in Florida.