Sweden Calls for Action Over Ukraine Crypto ‘Fraud Factory’
Ukraine has been asked to act following a report of an alleged cryptocurrency fraud operation duping naive investors from Sweden's capital.
The SEC charged a former Texas pastor and his wife for allegedly defrauding hundreds of investors through an alkaline water-backed cryptocurrency TeshuaCoin.
The SEC alleges the Meta 1 Coin sale violated antifraud and securities regulation. It also promised some crazy returns.
Plaintiffs claim Wells Fargo Advisors did not check on the activities of a financial advisor accused of defrauding 150 investors.
The two scammers used a Twitter account to pose as crypto exchange staff to persuade an Oregon resident to hand over bitcoin.
Cryptocurrency scams in 2019 were more risky for U.S. residents than fraud involving romance or payments, says the Better Business Bureau.