Two Arrested for Orchestrating Escape of Wirecard Exec Accused of Fraud
The collapsed financial firm had previously supplied cards to several cryptocurrency companies.
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South Korean authorities have arrested and indicted the CEO of a tech firm and his accomplice for fraud. The two men are suspected of orchestrating a crypto scheme of over 500 billion won that took advantage of elderly people with false promises of massive returns. The scam is estimated to have over 10,000 members and […]
It will just be a matter of time until authorities catch up on BitConnect founder Satish Kumbhani and face the charges against him. Kumbhani was accused by a US federal grand jury for orchestrating a $2.4 billion bitcoin Ponzi scam. He was charged with wire fraud, commodities price manipulation, operating an unregistered money transmitting business. […]
The alleged ringleader of a Ponzi scheme that solicited $35 million for crypto mining and other investments has been arrested after attempting to flee FBI agents using a “sea scooter.” Matthew Piercey, the accused operator of two fraudulent firms that solicited tens of million to ostensibly invest in cryptocurrency mining, life insurance, and other assets, has been apprehended by authorities after a failed attempt to escape FBI agents using a sea scooter.According to Californian media outlet The Sacramento Bee, the 44-year-old Shasta County man evaded agents seeking to arrest him for an....
Ishan Wahi is accused of divulging confidential information about future listings at Coinbase to his brother and an associate in a case that has attracted the SEC’s attention. Former Coinbase Global product manager Ishan Wahi pleaded not guilty to two counts of wire fraud conspiracy and two counts of wire fraud in a Manhattan federal court on Wednesday, Reuters reported. Wahi is accused by United States law enforcement and the Securities and Exchange Commission (SEC) of insider trading while at Coinbase. He was arrested in May as he attempted to board a flight to India and was charged in....
The law enforcement authorities have arrested four Bitcoin miners on charges of committing cyber fraud and theft of electricity. The people of Venezuela have been having a rough time since their economy went into a downward spiral. As the economy continues to worsen, Venezuelans have started to find Bitcoin as an alternative to their worthless bolivars. But the country’s government which failed to manage its economy doesn’t seem too happy about it. Recently, the law enforcement agencies in Venezuela cracked down on Bitcoin miners. The arrests were announced by the director of Cuerpo de....