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Fraud

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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Bitcoin Colombia coronavirus cryptocurrencies Fraud Scams Social Media

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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Fraud ICO Law Regulation SEC

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 […]