$200 Million Brazilian Crypto Fraud Scam: The US Seizes $24 Million Worth of ...
The United States Department of Justice (DOJ) says it has seized cryptocurrencies worth $24 million after receiving an official request from the government of Brazil. The seizure stems from an ongoing investigation into the $200 million cryptocurrency scam that may have defrauded tens of thousands of Brazilians. The authorities in Brazil say the scammers duped people by typically promising exaggerated returns and falsifying where the funds were invested. Criminal violations In a statement, the DOJ says the U.S. acceded to Brazil’s request in line with the cooperation treaty signed....
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The U.S. Department of Justice announced Wednesday the seizure of $24 million in cryptocurrency after a request from Brazilian police.
On September 22, 2021, a U.S. district judge from San Antonio, Texas, granted a summary judgment on the civil forfeiture of 147 bitcoin worth $6.3 million held on a Trezor hardware wallet. According to the court filing, the crypto assets stemmed from a Target gift card fraud incident that started in 2016. Gift Card Fraud Money Turned Into Bitcoin The Western District of Texas, San Antonio Division Court has been dealing with a case that involved gift card fraud and bitcoins. According to the court filing, an American named Jaymes Allen Clark worked at the retail chain Target as an....
Indian Enforcement Directorate has seized assets worth approximately $5 million in connection with an alleged cryptocurrency scam involving Morris coin that has duped investors out of $162 million. The crime proceeds were used to buy cryptocurrencies.
India Authorities Seize Assets in Alleged Crypto Scam Case
India’s Enforcement Directorate (ED), a specialized financial investigation agency under the Department of Revenue, Ministry of Finance, has seized assets valued at 36.72 crore rupees ($5 million) in connection with a cryptocurrency scam.
The ED began....
The British National Crime Agency (NCA) has revealed that it has seized £26.894 million ($32.75 million) in cryptocurrency. “Criminals increasingly exploited financial technology and crypto assets” that could harm “the U.K.’s economy and institutions,” said the agency. NCA Seizes Crypto Worth $33 Million The British National Crime Agency (NCA) published its annual report 2021-22 this week. The NCA “leads the U.K.’s fight to cut serious and organized crime, protecting the public by targeting and pursuing those criminals who pose the....
Retired soccer player Ronaldinho Gaúcho has been accused of an alleged $61 million cryptocurrency scam. And after being missing in action for two hearings, the Brazilian Legend has finally spoken up. Ronaldinho’s Casualties Soccer star Ronaldinho Gaúcho has denied any involvement in the “18K Ronaldinho” $61 million pyramid scheme despite the firm responsible for the […]