Japanese Court Convicts Bitcoin Tax Evader- Trader Gets a Year in Prison Plus...
Japanese authorities aren’t hesitating in hunting down anyone considered a crypto tax evader. A court in Ishikawa has sentenced one of them, a 56-year-old man that will spend one year in prison, plus pay a $200,000 fine. Sentenced Man Didn’t Disclose His BTC Trading Activity of the Period 2017-2018 According to Chunichi, a judge at the Kanazawa District Court imposed a fine of over 22 million yen ($200,000) and gave a one-year-long sentence to Hideji Matsuda, an office worker in Ishikawa, for violating the Income Tax Law. The judge concluded that the man didn’t file....
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A Chinese court has confirmed the sentencing of the masterminds behind the 7.7 billion yuan Chinese Ponzi scheme Wotoken, which had over 715,000 investors. Wotoken Scammers Sentenced to Prison The Intermediate People’s Court of Yancheng city, Jiangsu province, denied an appeal by four convicts involved in the billion-dollar Ponzi scheme Wotoken on Tuesday, several local media reported. The court upheld the original sentences for Gao Yudong, Li Qibing, Wang Xiaoying, and Tian Bo who were dissatisfied with their original sentencing and filed an appeal. They believe they had minor roles....
A U.S. court has sentenced Jerry Ji Guo, a resident of San Francisco, to an effective six months in prison for his role in a fraudulent initial coin offering (ICO). In addition to the prison term, the court ordered Guo to pay over $4 million in restitution. Further, Guo will also cooperate with the government in the identification and return of the stolen property. Embezzlement of Client Funds In a statement, the United States Department of Justice (DOJ) says Guo, who pleaded guilty on August 26, 2019, had presented himself “as an ICO consultant and promised his clients he would....
A trader on Localbitcoins and Paxful has pleaded guilty to charges in connection with a couple of bitcoin scams. The U.S. Department of Justice alleges that the trader knowingly sold bitcoin to victims of fraudulent schemes. Bitcoin Trader Facing Jail Time The U.S. Department of Justice (DOJ) announced last week that a Boston man has pleaded guilty in federal court to his role in two bitcoin fraud schemes. Austin Nedved “pleaded guilty to aiding and abetting wire fraud and money laundering conspiracy,” the DOJ detailed, adding that the 29-year-old is currently “in custody....
[UPDATE: CoinTelegraph has learned that all charges against Wagner have been dropped as of July 13. A document filed by US Attorney’s Office for the District of Colorado formally requested the District Court Judge handling the case, the Honorable William J. Martinez, to dismiss the case.] Bitcoin trader Burton Wagner has been arrested and may face 5 years in prison for his money transmitting activities dating back to 2012. The US Federal Prosecution accuses Wagner of operating without a money transmitting license in a state where such operation is punishable as a misdemeanor or felony. The....
Lawyers of the alleged $4 billion Bitcoin launderer appeal to the court, arguing that Alexander Vinnik was just an employee at BTC-e. The defense team of Alexander Vinnik, an alleged Bitcoin launderer who was sentenced to a five-year prison term, disagrees with the court’s decision.According to a Dec. 18 report by Russian news agency Kommersant, Vinnik’s attorney Frederic Belot has appealed the French court’s judgement, arguing that the defendant was not involved in any money laundering operations.Citing a Dec. 6 judgement charging Vinnik for “money laundering as part of an organized....