Bitcoin Escrow Chief Pleads Guilty to Crypto Fraud, Also Ordered to Repay $7.4M
The head of the Volantis escrow company faces up to 10 years in prison for defrauding customers.
Fraud
The Securities and Exchange Commission (SEC) is accusing the founder of hedge fund Virgil Capital of fraud.
Jose Angel Aman, charged with operating the fraudulent investment scheme, was sentenced to serve six years in federal prison and pay over $23 million in victim restitution by a federal court in Florida.
Stefan Qin, the 23-year-old founder of Virgil Capital, has been accused by the SEC of “fabricated records” for failing to redeem $3.5 million in investments and attempting to withdraw $1.7 million in investor funds to pay off Chinese loan sharks.
The U.S. Department of Justice announced Wednesday the seizure of $24 million in cryptocurrency after a request from Brazilian police.
US Charges Stanford Crypto Group Director With Defrauding His Former Employer – the Fed
Oct 29, 2020
Lawrence Rufrano allegedly hid his work at Stanford and blockchain startup Factom from disability benefits regulators.
Fraud
