SEC issues first ever charges over phoney ‘insider information’ on darknet
The SEC has taken action against a Californian man for fraudulently offering insider stock trading tips on a darknet marketplace. The U.S. Securities and Exchange Commission has announced charges against California resident James Roland Jones in the first-ever enforcement action from the commission to target securities fraud on the darknet.According to the March 18 complaint, Jones is accused of accessing a darknet-based insider trading forum in late 2016 to seek material non-public information, or MNPI, on which to trade securities. He was unsuccessful in obtaining any useful MNPI from....
Related News
The U.S. Securities and Exchange Commission (SEC) has announced insider trading charges against a former Coinbase manager, who has been arrested and is also facing criminal charges. The regulator has identified nine crypto tokens as securities in the complaint. U.S. Attorney Damian Williams says it is “the first-ever insider trading case involving cryptocurrency markets.”
SEC Charges Former Coinbase Manager, His Brother, and a Friend — 9 Crypto Tokens Identified as Securities
The U.S. Securities and Exchange Commission (SEC) announced Thursday....
Six months ago a Reddit user by the name gramsadmin posted on /r/DarkNetMarkets to announce the launch of a new darknet search engine, Grams. Designed to be Google for the lesser-traveled portions of the internet, Grams has grown rapidly to become the most trusted search engine for patrons of the anonymous online markets that use bitcoins as their currency of choice. Grams is also the home of Helix, a Bitcoin tumbling service. Gramsadmin describes it as “the definitive darknet Bitcoin cleaner.” What sets Helix apart from other Bitcoin tumbling services is that it “doesn't just clean your....
The alleged leader of a darknet drug trafficking group has been extradited from Romania to Denver, to face multiple criminal charges. The alleged leader of the drug ring is suspected to be the brains behind the darknet vendor “ItalianMafiaBrussels”. Filip Lucian Simion, a 23-year-old man was extradited from Romania to Denver, Colorado to face charges of drug trafficking and money laundering, the U.S. Department of Justice announced. Simion was arrested along with nine other defendants during a joint U.S./European law enforcement operation in the early hours of May 3, 2016. Simultaneous....
Investigators for the Monroe County, Pa. Drug Task Force arrested a student at East Stroudsburg University in East Stroudsburg, Pa. for selling drugs from his dorm room which he purchased on the darknet, according to darkwebnews.com. Authorities claim the student, Michael Mancini, used and sold LSD that he bought on the darknet. Mancini reportedly accessed the darknet using the Tor browser and bought the drugs with bitcoin. The darknet requires specialized access since the websites are not indexed by commonly used search engines. Student Admits His Actions. Mancini admitted purchasing LSD....
Insider trading charges have started to hit the crypto markets. Easily the biggest story yet in this topic came in recent months, with the indictment of former OpenSea head of product, Nate Chastain. The gavel is impending once more this week, as the brother of an ex-Coinbase manager has pled guilty to a wire fraud […]