The founder of Celsius cryptocurrency platform, Alexander Mashinsky, pleaded guilty to charges of defrauding investors and manipulating the company’s token prices. This admission resulted in a potential sentence […]
Crypto Fraud Soars to $52.5 Billion in 2024: Bitrace Report Highlights the Challenge
A new report from Bitrace reveals a significant spike in crypto-related fraud, reaching a staggering $52.5 billion in 2024. The report pinpoints stablecoin embezzlement as a major driver […]
Alex Mashinsky Sentencing Set for May 8: Former Celsius CEO Faces Consequences
Former CEO of Celsius, Alex Mashinsky, will be sentenced on May 8, 2025, after pleading guilty to charges of securities and commodities fraud. He admitted to manipulating the […]
18-Year Sentence Imposed on Crypto Broker Behind $12 Million Scam
A Long Island resident, identified as Austin, was sentenced to 18 years in prison for orchestrating a multi-million dollar cryptocurrency scam. The 62-year-old allegedly preyed on over two […]
SEC Charges PGI Global with $198 Million Crypto Ponzi Scheme
The U.S. Securities and Exchange Commission (SEC) has brought charges against PGI Global, the company led by Ramil Ventura Palafox, alleging a massive $198 million Ponzi scheme targeting […]
FBI Warns of Rising Crypto Fraud Losses Among Elderly Americans
The FBI has issued a stark warning about the increasing risk of cryptocurrency scams targeting elderly Americans. In 2024, individuals aged 60 and above reported the highest losses […]
SEC Charges PGI Global Founder in $198 Million Crypto Fraud
The Securities and Exchange Commission (SEC) has filed a lawsuit against PGI Global’s founder, Palafox, alleging a $198 million cryptocurrency fraud. The complaint accuses Palafox of siphoning investor […]
SEC Charges PGI Global Founder With $198 Million Cryptocurrency Ponzi Scheme
The US Securities and Exchange Commission (SEC) has filed charges against Ramil Ventura Palafox, founder of the now-collapsed cryptocurrency firm PGI Global, alleging a $198 million investment fraud. […]
SEC Slams CEO with $200 Million Crypto Fraud Scheme
The Securities and Exchange Commission (SEC) has filed charges against PGI Global’s CEO, Ramil Palafox, alleging he orchestrated a fraudulent scheme involving nearly $200 million in crypto trading […]
SEC Exposes $198 Million Crypto Scam: Investor Funds Misused in Fraudulent Scheme
The U.S. Securities and Exchange Commission (SEC) has uncovered a major crypto fraud scheme, accusing Ramil Palafox, the founder of PGI Global, of scamming investors out of over […]
Brazilian Crypto Ponzi Scheme Operators Sentenced to Over 128 Years
A significant crackdown on crypto fraud has taken place in Brazil as operators of the Braiscompany scheme were sentenced to a total of over 128 years. The sentencing […]
Brazilian Crypto Ponzi Scheme Leaders Face Lengthy Sentences
A major crackdown on crypto fraud has seen key leaders of a Brazilian Ponzi scheme sentenced to lengthy prison terms. The Braiscompany scheme, notorious for its deceptive promises […]
Brazilian Court Delivers 171-Year Sentence for Crypto Ponzi Leaders
A Brazilian court has handed down a landmark sentence of 171 years to leaders of the Braiscompany cryptocurrency fraud, marking one of the most stringent actions against crypto […]
Brazilian Court Sentences Crypto Fraudsters to Over 170 Years
A Brazilian court has handed down a lengthy prison sentence to three individuals responsible for one of the country’s largest crypto scams. The perpetrators behind Braiscompany, a fraudulent […]
Authorities thwart $4.3 million Ethereum fraud ring, saving millions
In a collaborative effort involving U.S. and Canadian authorities, the fraudulent operation targeting Ethereum users was successfully stopped. This operation prevented estimated losses of $4.3 million according to […]