“PlugWalkJoe” indicted for $784k cryptocurrency theft scheme
Joseph O’Connor indicted on a raft of wire fraud, computer hacking, money laundering and identify theft counts. Joseph O’Connor, known in some corners of the internet as PlugWalkJoe, was indicted on an array of charges relating to a May 2019 cryptocurrency exchange hack. During the attack, he is alleged to have absconded with digital assets valued at approximately $784,000.In the criminal scheme, authorities believe O'Connor utilized SIM swap attacks (an artifice of fraud where 2FA phone calls and text messages are rerouted to a device controlled by the scammer) on three separate....
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Police arrested Michael Murgio in Palm Beach, Fla. for participating in a scheme to pay bribes to allow the Coin.mx bitcoin exchange gain control of a New Jersey credit union, according to Fortune. Prosecutors claim the scheme stole information on 100 million people. Murgio, 65, who serves on a Palm Beach County, Fla. school board, was indicted in a federal court in Manhattan. He was indicted along with three others, including his son, Anthony Murgio. The Federal Bureau of Investigation (FBI) arrested Murgio Thursday in Palm Beach, Fla. His attorney did not respond to requests for comment.....
The U.S. Securities and Exchange Commission (SEC) has halted a $62 million global cryptocurrency trading and mining scheme and the Department of Justice (DOJ) has indicted its CEO and founder. If convicted of all counts, he faces a maximum total penalty of 45 years in prison, the Justice Department.
SEC Halts $62M Global Cryptocurrency Fraud Scheme
The US Securities and Exchange Commission (SEC) announced Friday that it has halted a fraudulent crypto mining and trading scheme.
The SEC charged MCC International (aka Mining Capital Coin), its founders (Luiz Carlos....
Tech entrepreneur and former anti-virus tycoon John McAfee has been indicted by the U.S. Department of Justice (DoJ) on money laundering and fraud charges. The United States Attorney for the Southern District of New York and the FBI unsealed the indictment charging McAfee and his associate Jimmy Watson with securities fraud. John McAfee Indicted by US Law Enforcement for Fraud and Money Laundering Tied to Crypto Schemes According to a press release published by the DoJ on March 5, John McAfee has been indicted for a number of charges tied to his cryptocurrency operations and his so-called....
The scheme allegedly included offering bitcoin at “half market price.”