Crypto Scandal: Ex-CFO Convicted For $35 Million Fraud
The ex-CFO of a private software company has been declared guilty of wire fraud after using the company’s cash to fund a cryptocurrency side business. Related Reading: EU’s Centralized Crypto Oversight Push Could Bring ‘Legal Uncertainty’, Says Industry Group Crypto Side Hustle Gone Wrong In a recent press release, the US Attorney’s Office, Western District […]
Related News
Czech authorities have announced the arrest of a convicted criminal related to the $45 million Bitcoin scandal that sent shockwaves through the country’s political landscape earlier this year. Related Reading: More Surprises In Store? Bitwise CIO Lists Four Catalysts The Crypto Market Is Overlooking Czech Convicted Trafficker’s Bitcoin Wallets Seized On Friday, Czech media outlets […]
A federal jury has convicted Rowland Marcus Andrade, the creator of AML Bitcoin, on charges of wire fraud and money laundering. The verdict was delivered after a five-week trial in a case that exposed false claims about the cryptocurrency and its supposed technological capabilities. Andrade, 47, now faces up to 30 years in prison. Related […]
A Tennessee man was recently found guilty on charges of extortion and wire fraud scheme in the attempted extortion of former Republican Presidential nominee, Mitt Romney. The extortion scheme from 2012 saw the accused demand $1 million in bitcoin in exchange for purportedly stolen tax returns belonging to Romney. A faux-hacker who tried to snag a million-dollar ransom in bitcoin in exchange for 2012 Republican Presidential nominee Mitt Romney’s tax records has been found guilty. In an announcement by the U.S. Department of Justice, Michael Mancil Brown, 37, was convicted of six counts of....
Crypto trader Avraham “Avi” Eisenberg was found guilty by a Manhattan jury in October 2022 of orchestrating a $110 million fraud scheme targeting the decentralized finance (DeFi) protocol, Mango Markets. According to prosecutors, Eisenberg, operating under a false identity, allegedly engaged in market manipulation to drive up the price of Mango’s token, MNGO, and related […]
A Nigerian court has convicted and sentenced a man to one year in prison who is accused of duping an unsuspecting cryptocurrency investor. On its charge sheet, the prosecution said that the man had contravened Nigeria’s anti-fraud laws and hence should be punished accordingly. Fake Cryptocurrency Investment Scheme A court in Nigeria has convicted a man accused of using a bogus cryptocurrency platform to defraud $680 from an unsuspecting investor, a report has said. In its ruling, the Port Harcourt Zonal Command of the Economic and Financial Crimes Commission (EFCC) said the man,....