DOJ Arrests Early Bitcoin Investor Roger Ver, 'Bitcoin Jesus,' on Charges of Tax Fraud

Ver is alleged to have caused a loss to the IRS of at least $48 million, said the DOJ.

778 +

Roger Ver arrested in Spain after DOJ files tax fraud charges in the US

The US Department of Justice (DOJ) announced criminal charges against Roger Ver alongside his arrest on April 30. The DOJ charges include mail fraud, tax evasion, and filing false tax returns.  The mail fraud charges are related to the delivery of forms to three IRS addresses.

296 +

BREAKING: ‘Bitcoin Jesus’ Roger Ver Arrested, Accused Of Orchestrating $48M Tax Scandal

In a significant development within the cryptocurrency community, Roger Ver, an early investor in Bitcoin, has been indicted by the US Department of Justice (DOJ) on multiple charges, including mail fraud, tax evasion, and filing false tax returns.

251 +

Ace Exchange Suspects Should Get 20-Year Prison Sentences: Prosecutors

Prosecutors in Taiwan have proposed lengthy prison sentences for ACE Exchange’s founder, David Pan, and former executives as main suspects in an alleged fraud and money laundering case. This development came after the Taiwanese authorities initiated a fresh round of charges against the exchange founder and several others.

211 +

32 People Indicted In Taiwanese Crypto Exchange Fraud Case

The ongoing saga between the Taiwanese authorities and former executives from crypto exchange ACE continues with a new round of charges pressed against its founder, David Pan, and another 31 individuals linked to the case.

338 +

Texas Crypto Mining Firm And Co-Founders Face SEC Charges In $5M Fraud Allegations

The US Securities and Exchange Commission (SEC) has taken legal action against Geosyn Mining, LLC, a Texas-based crypto mining and hosting company, and its co-founders, Caleb Ward and Jeremy McNutt, over allegations of engaging in unregistered and fraudulent activities.

287 +

SEC seeking $5.3 billion in fines from Terraform Labs, Do Kwon

The US Securities and Exchange Commission (SEC) wants nearly $5. 3 billion in fines from Terraform Labs and its former CEO, Do Kwon for violations of the US securities laws and charges of fraud. The agency detailed its requested fines in an April 19 legal filing.

246 +

Looking at Sam Bankman-Fried's Appeals Process

As expected, Sam Bankman-Fried's legal team filed a notice of his intent to appeal his conviction on fraud and conspiracy charges. So far all we have is just the notice – the actual brief won't come for some time yet.

172 +

FTX Founder Sam Bankman-Fried Appeals Fraud Conviction

FTX founder Sam Bankman-Fried filed to appeal his conviction and sentence for fraud and conspiracy charges on Thursday, hours before his deadline to do so.

270 +

Jury convicts Do Kwon, meme coins enjoy Q1 gains, Ripple to launch stablecoin | Weekly Recap

Last week, a jury in New York declared Terraform Labs and its founder Do Kwon guilty of fraud charges. The meme coin narrative garnered attention, and Ripple looked to launch a USD-backed stablecoin. Here's our weekly recap.

454 +

Jury finds Terraform Labs, Do Kwon guilty on fraud charges 

A New York jury has found Terraform Labs and its Co-Founder, Do Kwon, guilty of deceiving investors about UST's stability.

285 +

Sam Bankman-Fried sentencing today: Disgraced ex-FTX head could get up to 110 years in prison

Today marks a critical juncture for the cryptocurrency industry as disgraced former crypto tycoon Sam Bankman-Fried faces sentencing on multiple fraud charges. Disgraced king of crypto Once hailed as the “King of Crypto” and the visionary leader behind the multi-billion-dollar company FTX, Bankman-Fried now stares down the possibility of up to 110 years in prison, […]

320 +

Terraform Labs In The Hot Seat: Trial Begins As Do Kwon’s Final Extradition Decision Looms

Terraform Labs is set to face a high-stakes trial on Monday, grappling with civil fraud allegations linked to the collapse of its TerraUSD stablecoin in 2022. Meanwhile, Terra co-founder Do Kwon remains in Montenegro awaiting the decision on whether he will be extradited to the United States or South Korea to face criminal charges.  Terraform […]

385 +

Korean altcoin issuer detained over $16.1m fraud allegations

A South Korean altcoin issuer was arrested by the Seoul Southern District Prosecutors’ Office’s Virtual Asset Crime Joint Investigation Team on March 19, facing fraud charges. The unnamed individual is accused of defrauding investors of $16.1 million, an arrest that…

151 +

Sam Bankman-Fried Should Spend 40-50 Years in Prison, DOJ Says

Prosecutors recommended that a federal judge sentence FTX founder and former CEO Sam Bankman-Fried to at least 40 and as many as 50 years in prison for his conviction on fraud and conspiracy charges tied to the collapse of what was once one of the world's largest crypto exchanges.

280 +

Terra Creator Do Kwon Avoids Extradition To United States — Again

Do Kwon, the co-founder and ex-CEO of Terraform Labs, notched a minor victory on Tuesday when the Montenegrin Appeals Court quashed last month’s Supreme Court decision that would have seen him deported to the United States to face fraud charges.

293 +

Do Kwon’s US extradition stricken by Montenegro court

The Montenegro Court of Appeals has ruled against fugitive Do Kwon's extradition to the United States to face fraud charges.

230 +

Terra’s Do Kwon Wins Extradition Appeal in Montenegro as Case Heads for Retrial

Kwon is facing fraud charges in the U.S. around his role in Terra's collapse.

214 +

Sam Bankman-Fried Doesn't Want to Go to Prison for 100 Years

Sam Bankman-Fried's new legal team filed his sentencing memo, alongside 29 different character references and other supporting documents, arguing he shouldn't face a lengthy prison term after his conviction last November on two fraud and five conspiracy charges.

293 +

Terraform Labs’ Do Kwon to miss start of SEC trial, report says

The crypto entrepreneur Do Kwon, best known for his failed algorithmic stablecoin, will likely skip the beginning of a civil trial on U.S. Securities and Exchange Commission (SEC) fraud charges. Terraform Labs founder Do Kwon will likely skip the start…

216 +

Final Appeal Rejected: Do Kwon’s Extradition To The US Inevitable

Do Kwon, the co-founder of Terraform Labs, who has been residing in Montenegro since his arrest in March 2023, is reportedly set to be extradited to the United States to face charges related to financial fraud.

290 +

Terraform Labs’ Do Kwon to be extradited to US after court ruling

High Court in Montenegro has ruled to allow Terraform Labs’ Do Kwon to be extradited to the US. Kwon faces US fraud charges tied to losses from UST stablecoin collapse. SEC alleges Kwon raised billions through unregistered crypto transactions.

357 +

Safemoon CEO On The Brink Of Losing Legal Representation Due To Lack of Funds

John Karony, CEO of the bankrupt crypto firm SafeMoon, has experienced a setback in his legal defense following his attorneys’ decision to withdraw from the case. Karony is currently facing criminal charges for conspiracy to commit wire fraud, money laundering, and securities fraud in the US.

276 +

This Memecoin Founder Faces Prison for Legal Fee Default: What’s the Situation?

SafeMoon (SFM) CEO John Karony faces legal counsel withdrawal due to alleged non-payment of fees. Lawyers claim he failed to fulfill financial obligations amid defense against fraud charges. The post This Memecoin Founder Faces Prison for Legal Fee Default: What’s the Situation? appeared first on BeInCrypto.

285 +

$1.89B Cryptocurrency Scheme Busted by DOJ

The U.S. Department of Justice has announced charges against three individuals in connection with a massive $1.89 billion fraud scheme

237 +

Impact of FTX’s Sam Bankman-Fried Conviction on Crypto Industry

The cryptocurrency world stands at a crossroads as the industry grapples with the aftermath of Sam Bankman-Fried's conviction on multiple charges, including money laundering and securities fraud.

1034 +

US DoJ: Over $4 billion to end criminal case against Binance

The US DoJ is reportedly seeking billions of dollars to end its criminal case against Binance and its co-founder The criminal charges includes violations of sanction laws, bank fraud, and moneyThe post US DoJ: Over $4 billion to end criminal case against Binance appeared first on AMBCrypto.

487 +

US Seeks $4 Billion From Binance to Drop Criminal Charges: Bloomberg

Binance under criminal investigation by DOJ, IRS, CFTC for money laundering, bank fraud and sanctions violations.

456 +

New York Judge denies bail for SafeMoon CEO

A federal court ordered Braden Karony to be detained pending his transfer to the Eastern District of New York (EDNY) where the SafeMoon CEO faces crypto fraud charges.

885 +

Former FTX, Alameda Executives to Start New Crypto Exchange: WSJ

Two former colleagues of recently convicted Sam Bankman-Fried are building a new crypto exchange, just days after their former CEO was found guilty on seven charges of fraud.

279 +

Bitwise insists 'no affiliation' with startup facing SEC charges

Bitwise Asset Management stresses it has no relationship with the startup Bitwise Industries whose founders have been charged with conspiring to commit wire fraud.

558 +

Former head of compliance at OneCoin pleads guilty; Crypto Queen remains at large

Irina Dilkinska, who reportedly served as “Head of Legal and Compliance” for the supposed crypto project, pleaded guilty to charges of wire fraud and money laundering on Nov. 9 in a Manhattan federal court.

384 +

Bankman-Fried declared guilty, Bitcoin reclaims $35K, SEC targets PayPal and SafeMoon | Weekly Recap

Jury declares FTX founder Sam Bankman-Fried guilty of all seven fraud charges; Bitcoin clinches $35K amid sustained run; SEC targets PayPal and SafeMoon.

914 +

Guilty: Fallen Crypto King Sam Bankman-Fried Convicted Of $10 Billion Fraud Over FTX’s Spectacular Collapse

470 +

Sam Bankman-Fried Convicted On 7 Criminal Counts, Faces 110 Years In Prison

After a comprehensive five-week trial, the New York jury rendered a verdict on Thursday, finding the former crypto magnate, Sam Bankman-Fried, guilty on all seven charges, including fraud, embezzlement, and criminal conspiracy.

352 +

Sam Bankman-Fried found guilty in FTX fraud trial, faces decades prison-time

In a significant legal development that could have far-reaching consequences for the cryptocurrency industry, Sam Bankman-Fried, the co-founder of FTX, has been found guilty of all charges in the FTX trial that started on October 3.

190 +

Sam Bankman-Fried Found Guilty On All Charges, Faces Up To 110 Years In Prison

FTX's Sam Bankman-Fried found guilty of all charges, stares down 110 year sentence after crypto exchange imploded in fraud scheme.

268 +

Breaking: FTX founder Sam Bankman-Fried found guilty of all 7 counts

The 12-member jury has found the FTX founder - SBF guilty of seven counts of fraud and money laundering charges The court will now move on to the second trial and the sentencing of the former cThe post Breaking: FTX founder Sam Bankman-Fried found guilty of all 7 counts appeared first on AMBCrypto.

402 +

Sam Bankman-Fried found guilty on all 7 charges in FTX fraud trial

U.S. Attorney Damian Williams called Bankman-Fried’s crimes "a multibillion-dollar scheme designed to make him the king of crypto" and one of the biggest financial frauds in American history.

743 +

Sam Bankman-Fried Guilty on All 7 Counts in FTX Fraud Trial

A jury found Sam Bankman-Fried guilty on all charges in his criminal fraud trial tied to FTX's operation and collapse.

182 +

SBF trial day 17: Jury begins deliberation over Bankman-Fried verdict

On Nov. 2, Jury deliberation began in United States v Bankman-Fried over fraud allegations, conspiracy, and money laundering charges linked to FTX and Alameda's collapse.

295 +

SBF trial day 18: Jury begins deliberation over Bankman-Fried verdict

On Nov. 2, Jury deliberation began in United States v Bankman-Fried over fraud allegations, conspiracy, and money laundering charges linked to FTX and Alameda's collapse.

179 +

SafeMoon and executives charged by SEC, DOJ in alleged $200M fraud

The SEC and DOJ both filed charges against the controversial cryptocurrency project SafeMoon and related individuals on Nov. 1. The U. S. Securities and Exchange Commission (SEC) alleged that the company and its members carried out a fraudulent scheme by selling the SafeMoon (SFM) cryptocurrency.

427 +

Safemoon price plummets 50% after executives arrested on fraud charges

The US government has charged executives of SafeMoon cryptocurrency over allegations of “conspiracy to commit securities fraud, conspiracy to commit wire fraud and money laundering. ” The arrest of the Safemoon executives came after the US Securities and Exchange Commission (SEC) unveiled charges against them on Wednesday morning.

441 +

SafeMoon Dives 50% Amid SEC Fraud Charges on Execs

The SEC has charged SafeMoon's creators with fraud, uncovering a scheme executed through unregistered sales. This revelation led to a 50% price crash, highlighting the risks in unregistered DeFi ventures.

528 +

SEC charges SafeMoon and founders with crypto securities fraud 

SafeMoon and executive team members like Kyle Nagy were indicted in the Eastern District of New York in connection to an international multi-million dollar fraud scheme.

416 +

SafeMoon executive team charged with multiple fraud counts, arrests made

According to charges, the men misappropriated $200 million in investor funds to spend on a luxurious lifestyle.

255 +

SafeMoon founders arrested on wire fraud and money laundering charges

SafeMoon founders arrested; Kyle Nagy at large. The charges include wire fraud and money laundering. There are also accusations of misappropriation and investor deception. In a significant development, the founders of SafeMoon, a decentralized finance digital asset, are facing criminal charges in the United States.

499 +

Founders of Top Meme Coin Arrested Over Fraud and Money Laundering

SafeMoon founders Braden John Karony, Kyle Nagy, and Thomas Smith are now under arrest, facing charges of fraud and money laundering

243 +