SEC Charges Sam Bankman-Fried for Abusing $1.8B of Investor Funds

Sam Bankman-Fried is charged with abusing $1.8 billion in equity investments.

The post SEC Charges Sam Bankman-Fried for Abusing $1.8B of Investor Funds appeared first on BeInCrypto.

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US SEC charges Genesis and Gemini with unregistered securities offerings

SEC has charged Genesis and Gemini of illegally marketing securities to investors. In a complaint filed on Jan. 12, SEC claims that Gemini Earn, a crypto lending program, is unlawful.  Genesis, a unit of the Digital Currency Group, agreed to…

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SEC charges Gemini, Genesis over Earn program; Winklevoss responds

The United States Securities and Exchange Commission has charged Genesis and Gemini over their now-defunct Gemini Earn program, according to a January 12 announcement. The post SEC charges Gemini, Genesis over Earn program; Winklevoss responds appeared first on CryptoSlate.

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Gemini and Genesis charged by SEC with selling unregistered securities

The charges relate to Gemini’s crypto asset lending program, Gemini Earn, according to the Securities and Exchange Commission.

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SEC charges Gemini and Genesis for selling unregistered securities

SEC charges Gemini and Genesis for offering lending services via the Earn program The commission previously charged BlockFi for similar offerings The United States Securities and Exchanges CThe post SEC charges Gemini and Genesis for selling unregistered securities appeared first on AMBCrypto.

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SEC charges team behind the $45 million Coindeal crypto fraud

The U.S. SEC has charged the team behind Coindeal. The SEC has also charged AEO Publishing Inc., Banner Co-Op Inc., and Bannersgo LLC. The Securities and Exchange Commission (SEC) of the UniThe post SEC charges team behind the $45 million Coindeal crypto fraud appeared first on AMBCrypto.

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CoinDeal members arrested on fraud charges, what's next?

The U. S SEC charged six individuals and two companies related to the CoinDeal investment scheme. CoinDeal raised more than $45 million from unregistered securities sales, alleged the SEC.

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US SEC charges Thor founders for selling unregistered securities in 2018

David Chin, and co-founder Matthew Moravec were charged for conducting unregistered securities offering “Thor Tokens” by the Securities and Exchange Commission (SEC).

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SEC charges eight in $100M social media securities fraud

The United States Securities and Exchange Commission (SEC) has charged eight individuals with a $100 million securities fraud scheme involving major social media platforms, Twitter and Discord. The post SEC charges eight in $100M social media securities fraud appeared first on CryptoSlate.

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SBF tried to buy off Washington, says Congressman Patrick McHenry

Sam Bankman-Fried (SBF) was recently arrested by authorities in The Bahamas and has been charged by the US SEC. Patrick McHenry revealed that the former FTX chairman tried to buy off Washington. FTX’s collapse continues to make headlines in the crypto market.

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Sam Bankman-Fried Indicted for Fraud by Federal Prosecutors and SEC

The federal prosecutors have charged Sam Bankman-Fried with conspiracy and wire fraud for mismanagement of customers’ funds. The post Sam Bankman-Fried Indicted for Fraud by Federal Prosecutors and SEC appeared first on BeInCrypto.

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U.S. SEC Charges 4 For Defrauding Users $295 Million

Trade Coin Club, a supposed trading bot platform, has been charged by SEC in connection with $295M fraud.

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Kardashian’s EthereumMax Lawsuit Turns Against SEC Chair

Earlier this week, the U. S. Securities and Exchange Commission (SEC) charged and settle a lawsuit with socialite and billionaire Kim Kardashian for allegedly withholding information about promoting EthereumMax.

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This socialite is the next to make it to the SEC hitlist on grounds of...

The Securities and Exchange Commission (SEC), on 3 October,  charged American model and socialite Kim Kardashian for touting a crypto asset security on social media. The TV personality also failed toThe post This socialite is the next to make it to the SEC hitlist on grounds of... appeared first on AMBCrypto.

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Kim Kardashian pays SEC $1.26 million to settle EthereumMax charge

The United States SEC charged the American celebrity and influencer for promoting a cryptocurrency asset security without disclosing payments received to her followers.

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SEC Charges Crypto Firm Hydrogen Technology With Selling Unregistered Securities

The U. S. Securities and Exchange Commission has charged The Hydrogen Technology Corporation with “violating the registration, antifraud, and market manipulation provisions of the securities laws.

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First Mover Asia: Bitcoin Flutters Around $19K; SEC Case Against Crypto Promoter Ian Balina Faces One Big Problem

Balina is charged with conducting an unregistered securities offering in 2018 for his SPRK ICO token, but proving that the Ethereum network should be subject to U.S. securities law will be difficult; cryptos largely decline.

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SEC Suing Crypto Influencer for Promoting Shady Projects

Infamous promoter of dubious ICO offerings has been charged with violating federal securities laws by SEC

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SEC Charges Dragonchain for Selling Unregistered Securities

The SEC has charged Dragonchain with selling $16.5 million in unregistered securities; Dragonchain founder and CEO Joe Roets says he has a “very strong case” against the charges. SEC Charges...

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How The SEC Uncovered A $300 Million Crypto Pyramid Scheme

According to a press release issued by the U.S. Securities and Exchange Commission (SEC) on August 1st, eleven people have been charged for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that brought up more than $300 million from millions of retail investors across the globe. The decentralized finance (DeFi) […]

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SEC Charges Forsage Founders for Operating $300M Ponzi Scheme

The Securities and Exchange Commission charged eleven individuals with running a cryptocurrency pyramid and Ponzi scheme targeting retail investors globally. The post SEC Charges Forsage Founders for Operating $300M Ponzi Scheme appeared first on BeInCrypto.

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US SEC charges 11 for role in $300M Forsage crypto pyramid scheme

The US Securities and Exchange Commission (SEC) charged eleven people on August 1 for their involvement in Forsage, a fraudulent crypto pyramid scheme that raised $300 million from investors around the world.

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SEC Charges Group Behind $300M “Crypto Pyramid Scheme”

The SEC has charged the team behind Forsage for allegedly running a crypto pyramid and Ponzi scheme, which may have cost investors over $300 million worldwide. Both Pyramid and Ponzi...

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SEC Slaps Founders, Promoters of Alleged Ponzi Scheme Forsage With Fraud Charges

The U.S. Securities and Exchange Commission (SEC) charged 11 people tied to the alleged $300 million crypto Ponzi scheme Forsage with fraud on Monday.

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SEC Says These 9 Cryptocurrencies That Coinbase Currently Offers Are Securities

The United States Securities and Exchange Commission used its first-ever crypto insider trading case to name at least nine crypto assets that it considers unregistered securities. SEC Labels 9 Crypto Assets As Securities  The SEC and the Justice Department announced Thursday they had charged former Coinbase product manager Ishan Wahi, his brother Nikhil Wahi, and […]

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SEC charges former Coinbase employee with insider trading

The US Securities and Exchange Commission (SEC) has charged a former Coinbase employee with insider trading, according to a press statement published on Thursday. The securities regulator’s complaint is against Ishan Wahi, a former product manager at Coinbase, who allegedly perpetrated a scheme to benefit from confidential (insider) information about upcoming token listings on the […] The post SEC charges former Coinbase employee with insider trading appeared first on Invezz.

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Justice Department, SEC File Charges Against Alleged Coinbase Insider Traders

A former Coinbase employee and two co-conspirators are being charged by the Justice Department and the SEC in the first ever crypto insider trading scheme. Law enforcement claims the scheme...

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Crypto Scam: SEC Slaps Siblings With $124 Million ‘Snake Oil’ Fraud Charge

A cryptocurrency entrepreneur and his sister have been charged by US officials with crypto scam on Wednesday, accusing them of defrauding retail investors of millions of dollars using a bogus cryptocurrency.

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SEC Charged Media Firms $549 Million for Illegal Stablecoins and Security Offerings

Media companies illegaly collected more than $400 million after security and digital assets offerings

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SEC charges former 4chan favorite Rivetz over $18 million ICO

Rivetz has been charged by the US Securities and Exchange Comission (SEC) over its $18 million initial coin offering (ICO) in 2017, a recently released litigation show. The post SEC charges former 4chan favorite Rivetz over $18 million ICO appeared first on CryptoSlate.

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The SEC charges RvT token issuer for soliciting $18 million in unregistered offerings

The US Securities and Exchange Commission (SEC) has charged Rivetz Corp, its president Steven K. Sprague and a subsidiary for obtaining $18 million from 7,200 investors via an unregistered securities offering.

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Four Years After the Act, SEC Charges Issuers for An $18 Mln Unregistered ICO

This week, the US Securities and Exchange Commission (SEC) charged Steven K. Sprague, President of Rivetz Corp and CEO of Rivetz International SEZC, and both the companies with conducting an illegal, unregistered offering of securities through an initial coin offering (ICO).

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SEC charges BitConnect Founder, execs with $2B cryptocurrency fraud

Years after the crypto-trading platform BitConnect went defunct, the SEC has now charged its founder for fraud. Satish Kumbhani, along with the company's top executives, will face litigation for deThe post SEC charges BitConnect Founder, execs with $2B cryptocurrency fraud appeared first on AMBCrypto.

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Poloniex agrees to settle with the SEC for more than $10M

The platform was charged with operating as an exchange in the US without registering… The post Poloniex agrees to settle with the SEC for more than $10M appeared first on Coin Journal.

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US SEC fines so-called ‘DeFi’ lending project after $30 million raise

The US Securities and Exchange Commission (SEC) charged two Florida men and their Cayman Islands company for illegally selling upwards of $30 million of securities using smart contracts and even decentralized finance (DeFi) technology, a court filing last week showed.

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SEC Brings Charges in its First Case Involving Securities & DeFi

The Securities and Exchange Commission (SEC) has charged a pair of men for their part in making millions off fraudulent offerings. The case has already been settled. The post SEC Brings Charges in its First Case Involving Securities & DeFi appeared first on BeInCrypto.

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SEC Boasts of First Charge Against Fraud DeFi Project, Which Isn’t Really Decentralized

The US Securities and Exchange Commission (SEC) has charged the lender DeFi Money Market for raising $30 million through fraudulent offerings in what it says is the agency’s “first” one involving securities using DeFi technology.

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SEC Charges Token Listing Website With Unlawfully Touting Crypto Securities

The U. S. Securities and Exchange Commission (SEC) has charged a token listing website with unlawfully touting crypto securities. The site did not disclose that it was paid by the token issuers to profile their coin offerings.

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SEC Charges 3 Individuals for Alleged Long Blockchain Insider Trading Scheme

The U. S. SEC charged three individuals that allegedly conducted insider trading related to the Long Blockchain company back in 2017. One of the individuals allegedly traded stocks ahead of the name change that gave the company a price boost.

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ICO issuer charged with fraud by SEC for selling unregistered security

U.S. securities regulators are still going after ICO cheats from the 2017-18 bull market. Initial coin offerings raised tens of billions of dollars during the last major cryptocurrency bull market.

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Is the SEC really confident it has a case against Ripple?

It's been almost six months since the United States Securities and Exchange Commission first charged Ripple Labs with illegal securities offerings. While the same is well away from being resolved anytThe post Is the SEC really confident it has a case against Ripple? appeared first on AMBCrypto.

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SEC Charges Promoters Of Now Defunct Ponzi Scheme BitConnect

U. S. Security Exchange Commission announced yesterday that it has charged five individuals involved in the BitConnect cryptocurrency lending program in 2017, for promoting unregistered digital asset securities.

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After Several Years, The SEC Charges BitConnect Promoters

The US Securities and Exchange Commission (SEC) charged five individuals for promoting the global unregistered digital asset securities offering, BitConnect, that raised over $2 billion from retail investors between January 2017 to January 2018.

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Despite SEC lawsuit against Ripple, why this was a quarter of XRP accumulation

On 22 December, SEC charged Ripple for allegedly raising funds, through the sale of XRP in an “unregistered securities offering to investors.” According to the filing, co-founder Chris Larsen and The post Despite SEC lawsuit against Ripple, why this was a quarter of XRP accumulation appeared first on AMBCrypto.

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XRP, SEC, Ripple lawsuit: What does this latest bone of contention mean for the parties involved?

When the SEC charged Ripple Labs and its executives of illegal securities offerings back in December, there were many who expected the lawsuit to be wrapped up within a few months. "It'll be settled oThe post XRP, SEC, Ripple lawsuit: What does this latest bone of contention mean for the parties involved? appeared first on AMBCrypto.

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Ripple (XRP) could reportedly IPO after the U.S. SEC case settles

Payments firm Ripple could reportedly go public soon after its ongoing case with the United States Securities and Exchange Commission (SEC) is settled, a report on Finance Feeds said today.   In December 2020, Ripple was charged with the unlawful sale of $1.

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XRP Lawsuit effect? this exchange CEO says selling ‘unregistered securities’ is a ‘made up crime’

CEO and Founder of Shapeshift Erik Voorhees shared his thoughts on the idea of selling unregistered securities and spoke about a time when the US Securities and Exchange Commission (SEC) charged VoorhThe post XRP Lawsuit effect? this exchange CEO says selling ‘unregistered securities’ is a ‘made up crime’ appeared first on AMBCrypto.

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Erik Voorhees: Selling Unregistered Securities is a Made up Crime

Erik Voorhees, the CEO and Founder of non-custodial exchange Shapeshift, plays down the severity of selling unregistered securities. Speaking about the time when the Securities and Exchange Commission (SEC) charged him for publicly offering shares without registering them, Voorhees said: “it was a total garbage non-crime and I had to deal with them for close […]

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Nexo (NEXO) faces lawsuit over unlawful suspension of XRP payments

Cryptocurrency lending platform Nexo has been charged to court by an XRP user for losses incurred after the platform suspended the XRP trade. Following the legal action against Ripple by the Securities and Exchange Commission (SEC) in December, Nexo halted all XRP trades.

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