Browsing the "Fraud" Tag

FBI Arrests AriseBank CEO Over $4 Million Crypto Fraud

| Yogita Khatri

The FBI has arrested the CEO of cryptocurrency platform AriseBank after he was indicted over an alleged multi-million dollar scam.

Four More ICOs Hit with Cease-and-Desists by Colorado Securities Regulator

| Yogita Khatri

Colorado's securities watchdog has issued four more cease-and-desist orders against suspect ICOs, taking its total since May to 18.

Russian ICO That Impersonated Bank Hit With Cease-and-Desist

| Yogita Khatri

North Dakota has issued a cease-and-desist against a Russia-based ICO for copying a bank's website to promote "potentially fraudulent securities."

CFTC Fines Bitcoin Trader $1.1 Million for Crypto Fraud

| Yogita Khatri

A bitcoin trader has been jailed and fined over $1.1 million for stealing bitcoin and litecoin, and then defrauding investors to repay the loss.

Malaysian Government, Universities Team to Put Degrees on a Blockchain

| Yogita Khatri

Malaysia's education ministry has formed a new consortium of universities to issue and verify degrees on the NEM blockchain.

Public Company’s Crypto Claims Draw SEC Scrutiny, Trade Suspension

| Nikhilesh De

The SEC has suspended trading in a company claiming to have registered an upcoming ICO with the regulator.

Twitter Promoted a Fake Elon Musk Crypto Giveaway Scam

| Stan Higgins

A verified Twitter account masquerading as Elon Musk was used to publish and circulate a promoted tweet for a crypto scam Thursday.

Bitcoin Fraudsters Misled Investors and Impersonated Regulators, CFTC Alleges

| Nikhilesh De

The CFTC has filed charges against two individuals for allegedly impersonating the regulator in an effort to defraud bitcoin investors.

Texas Securities Watchdog Takes Action Against 3 Alleged Crypto Frauds

| Daniel Palmer and Anna Baydakova

The Texas State Securities Board has taken emergency action against three crypto investment schemes it alleges are attempting to hoax local investors.

In First, FINRA Files Fraud Complaint Against Crypto Broker

| Nikhilesh De

The Financial Industry Regulatory Authority (FINRA) has filed a securities fraud complaint against a cryptocurrency broker.