Exec who bamboozled clients with crypto jargon pleads guilty to $3.25M fraud

A crypto escrow executive has pled guilty to defrauding his client out of $3.25 million. The U.S. Department of Justice (DoJ) announced that the principal of crypto asset escrow company Volantis Market Making has pled guilty to commodities fraud worth more than $3.25 million on October 1.Volantis executive, 49-year-old Jon Barry Thompson, made false representations […]

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Scam warning as Columbia’s President ‘endorses’ Bitcoin Era

Not even the Colombian president is exempt from being impersonated by Bitcoin scammers. The Colombian police have issued a warning about fraudsters promoting a Bitcoin scam website to social media users.The “announcement” about the launch of a fake Bitcoin-related investment system was purportedly “approved” by Ivan Duque, President of Colombia.According to Colombia Check, quoting a […]

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SEC Suit Over $30m Crypto Scam Halted Due to Criminal Proceedings

An SEC suit against the operators of a $30 million allegedly fraudulent ICO has been stayed pending the conclusion of parallel criminal proceedings. A judge has granted a motion from the U.S. attorney’s office to pause the SEC’s action against Edit Pardo and Boaz Manor for their involvement in the alleged $30 million crypto investment […]