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Bank Fraud

The U.S. Federal Bureau of Investigation arrested three men accused in a complicated scheme to steal $10 million from banks and swap it for crypto. (Jesse Hamilton/CoinDesk)
Policy
Regulation
FBI Arrests Trio Accused of Bilking Banks Out of $10M, Converting Funds to Crypto
Three men allegedly used foreign crypto exchanges to launder the proceeds of a scheme that targeted nearly a dozen financial institutions in the New York metro area.
The U.S. Federal Bureau of Investigation arrested three men accused in a complicated scheme to steal $10 million from banks and swap it for crypto. (Jesse Hamilton/CoinDesk)
By Elizabeth Napolitano
Nov 16, 2023 at 6:43 p.m. UTC
Nov 16, 2023
RegulationBank FraudFederal bureau of investigationSDNYCriminalNew York
(Roman R/Shutterstock)
Markets
Kraken
23-Year-Old Who Lied to Bank About Bitcoin Holdings Pleads Guilty to Fraud
Randall Joseph Smail faces up to 30 years in prison for lying to a bank about having $640,000 in bitcoin to get a loan.
(Roman R/Shutterstock)
By Danny Nelson
Jul 8, 2020 at 5:19 p.m. UTC
Jul 8, 2020
KrakenBitcoinDepartment of JusticeBank Fraud