FBI arrests 24-year-old crypto trader for commodities and wire fraud
The trader was both lying to investors and using an unregistered derivatives strategy on BitMEX. United States authorities have brought criminal charges against a crypto trader whom they say defrauded investors out of over $5 million. The Department of Justice announced on Tuesday that it had arrested Jeremy Spence. Between 2017 and 2019, 24-year-old Spence operated a crypto investment scheme under the name "Coin Signals," primarily via Twitter and Discord.The announcement quoted Federal Bureau of Investigation Assistant Director-in-Charge William Sweeney as saying: “As alleged, Jeremy....
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A Latvian national has been handed over to the United States where he is accused of fraud through several companies offering false crypto investment opportunities. Ivars Auzins will appear in a federal court in Brooklyn to face multiple charges of wire and securities fraud. Latvian Authorities Transfer Alleged Crypto Fraudster to US Custody Ivars Auzins, a citizen of the small Baltic nation of Latvia, was extradited to the United States on Friday. The Latvian has been handed over to the American judiciary on a six-count indictment charging him with wire fraud, securities fraud, and....
Peter Brandt is an iconic trader who in the past called the dramatic fall to the Bitcoin bear market bottom, nearly a year ahead of time. Could the commodities trader with decades of experience in all things markets – who has for sure seen a thing or two in his career – now be forewarning […]
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. […]
This is also another example of how banks facilitate crime, rather than Bitcoin or cryptocurrencies. Online fraud is becoming the most popular development of the 21st century so far. A Nigerian individual is facing US charges for this involvement in multiple scams. By impersonating vendors and company executives, the managed to scam hundreds of victims. All victims made large wire transfers to fraudulent accounts, resulting in a total loss of close to US$3.1bn. David Chukwuneke Adindu pleaded not guilty to these charges. However, prosecutors are still planning to charge him with wire fraud....
An arrest warrant for Riccardo Spagni was issued on July 20, 2021 at the request of the South African government. He was apprehended the same day in the United States. Riccardo Spagni, the former maintainer of the Monero cryptocurrency, was arrested last month in Nashville, Tennessee on fraud charges tied to alleged offenses in South Africa between 2009 and 2011. Spagni was on board a private jet scheduled to fly to Los Cabos, Mexico when he was apprehended in Nashville during a scheduled refueling stop, according to court documents. His journey originally began just outside of New York....