US Sends Crypto Promoter to Prison for 20 Years in Multi-Million Dollar Ponzi Scheme
A cryptocurrency promoter was sentenced to 20 years in prison for running a Ponzi scheme that defrauded thousands…
Browsing Tag
restitution
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Only Bitfinex may get restitution in 2016 hack, per government filing
Bitfinex socialized the loss from the hack and reimbursed its customers within eight months, but potential victims can…
CFTC Sues Over $3.6M Digital Asset Fraud Targeting Asian Americans
The U.S. Commodity Futures Trading Commission (CFTC) has initiated legal action against a fake trading platform and its…
Bitcoin Investor Faces Prison Time for Underreporting Crypto Gains
A bitcoin investor has pleaded guilty to underreporting his cryptocurrency gains, including $3.7 million from BTC sales, resulting…
US Court Imposes $209 Million Penalty in Crypto Ponzi Scheme
The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities…
Ex-Banker Sentenced to 41 Months in US Prison for Crypto Fraud Scheme
Rashawn Russell, a former investment banker, was sentenced on Thursday to 41 months in prison for a cryptocurrency…
800 victims of 'massive’ Bitconnect fraud to receive $17M restitution
The millions will be distributed among the select number of victims, but thousands more were impacted by the…