US Congress Investigates Cawthorn Over Alleged Involvement In Crypto Scheme
Madison Cawthorn, a member of the United States Republican Congress, North Carolina, will face an investigation this year to determine how much involvement he had in a crypto pump and dump game plan. Cawthorn will face a subcommittee of four Congress members over his suspected involvement in the crypto plan promotion of “Let’s Go Brandon,” […]
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The House Ethics Committee launched a broad federal investigation into Rep. Madison Cawthorn, R-North Carolina, on Monday, following allegations that he engaged in insider trading and had a sexual relationship with his aide. A subcommittee of the House Ethics Committee is looking into Republican Congressman Madison Cawthorn’s relationship with a staff member and whether he […]
The masterminds behind the alleged cryptocurrency Ponzi scheme called Bitstream Circle are believed to have stolen more than $10 million in investor funds. The alleged theft became apparent on March 13, 2022, when some of the scheme’s investors encountered problems making withdrawals. Withdrawals Blocked Reports from Kenya have said investors in an alleged crypto Ponzi scheme, Bitstream Circle, are now unable to withdraw funds following the scheme’s collapse. The reports add that the scheme’s masterminds may have made off with investors’ digital assets that are....
The former executive chairman of a publicly listed Australian digital currency startup has been indicted by the US government for his alleged involvement in a fraudulent text messaging scheme. Zhenya Tsvetnenko was among three parties named in a superseding indictment unsealed last week in the US District Court for the Southern District of New York. Tsvetnenko co-founded DigitalX, which was originally a bitcoin mining firm called DigitalBTC before it moved to launch a payments app called Air Pocket. US prosecutors have alleged that Tsvetnenko, among other defendants named in the case, was....
Claudio Oliveira, owner of the Bitcoin Bank in Brazil and known as the ‘King of Bitcoin,’ was arrested yesterday for his alleged participation in a fraud scheme involving $300 million. According to inquiries from federal authorities, Oliveira faked a Bitcoin hack back in 2019 in which his company lost a significant amount of bitcoin. More than 7,000 customers lost their funds in this fake hack. ‘King of Bitcoin’ Apprehended in Brazil The Federal Brazilian Police apprehended Claudio Oliveira yesterday for his supposed involvement in a $300 million fraud scheme.....
MyCoin was one of the biggest scams to hit the shores of Hong Kong this year. The alleged bitcoin exchange based out of Hong Kong was in fact an elaborate Ponzi scheme that successfully managed to rip off over $387 million dollars in customer investments after they shut shop overnight earlier this year. Many South East Asian and Chinese investors were victims of this Ponzi scheme, which has got the police forces in multiple countries conducting their own investigations to ensure justice is served. Hong Kong was the first to counter some success in March after the cops there managed to....