Crypto Lender Execs Head To Prison After Fraud Conviction
Former Cred LLC executives Daniel Schatt and Joseph Podulka were handed federal prison terms this week after pleading guilty to a wire fraud conspiracy tied to the collapse of the crypto lender. Related Reading: El Salvador Breaks Ground With 1st Government Bitcoin Event According to court records and Justice Department statements, Schatt will serve 52 […]
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RAK Properties, one of the UAE’s largest listed developers, has begun accepting cryptocurrency payments for its homes. Related Reading: Crypto Lender Execs Head To Prison After Fraud Conviction Buyers can now settle transactions using Bitcoin, Ethereum, and Tether. The initiative comes through a partnership with Hubpay, a regulated fintech company, which instantly converts digital assets […]
Robert Dunlap will spend the next two decades in federal prison after a judge handed down a 276-month sentence for his role in a massive crypto fraud. A federal court in Florida issued the ruling following Dunlap’s conviction on charges of conspiracy to commit mail fraud and wire fraud. Related Reading: Tether Expands Bitcoin Bet, […]
The first case of NFT insider trading has come to a close as a US Judge has sentenced a former OpenSea employee to prison. OpenSea Head Of Products Arrested For Fraud Nathaniel Chastain, former Head of Products of OpenSea, the world’s largest non-fungible token (NFT) marketplace, has been condemned to three months in prison. The […]
John McAfee has shared many details about his life in Spanish prison and chances of extradition to the U.S. He additionally claims to have regained control of his ghost cryptocurrency project. Prison Life ‘Is an Adventure’ Former U.S. presidential candidate and antivirus software tycoon John McAfee is in Spanish prison awaiting his extradition trial after he was arrested in Spain. McAfee has been tweeting regularly from prison. “You want to know what prison is like. It’s like a Motel 6 run by Hitler’s SS,” he tweeted, elaborating: I am content in here. I....
The US Department of Justice (DOJ) has brought to light a new digital asset fraud scheme, culminating in the sentencing of a crypto CEO to almost five years in prison. Travis Ford, the CEO, co-founder, and head trader of Wolf Capital Crypto Trading, was found guilty of orchestrating a crypto investment fraud conspiracy. Ford, hailing […]