Two former executives of San Francisco-based crypto lender Cred LLC have been sentenced to prison for their role in the company’s November 2020 collapse. Daniel Schatt, Co-Founder and […]
Fraud Charges Filed Against Anchorage Man, Indian National: DOJ Investigates Nine-Year Scheme
In a major development, the US Department of Justice (DOJ) has filed charges against Gregg from Anchorage and Pandey from India for a nine-year fraud scheme. The indictment […]
Former L.A. Bank Manager Indicted for Alleged Financial Fraud
Weixin ‘Tony’ Chen, former manager at Cathay Bank in Los Angeles, faces federal charges for allegedly stealing from customers through fraudulent account creation and fund transfers. No connection […]
Former Cathay Bank Manager Charged with Fraud, Faces Up to 30 Years in Prison
A former bank manager at Cathay Bank in Los Angeles has been charged with stealing from hundreds of thousands of dollars in customer accounts through fraudulent operations. Weixin […]
Nigeria Calls on Victims of CBEX Scam to Aid Investigation
Nigeria’s Economic and Financial Crimes Commission (EFCC) has issued a plea to victims of the Crypto Bridge Exchange (CBEX) investment fraud, seeking their assistance in its ongoing probe. […]
US Treasury Targets Garantex & Grinex in Sanctions Evasion Scheme
The US Treasury Department has imposed sanctions on crypto exchange platforms, Garantex and its successor Grinex, along with several executives and affiliated companies accused of facilitating illicit financial […]
FBI Issues Warning About ‘Crypto Recovery’ Scams Targeting Scam Victims
The U.S. Federal Bureau of Investigation (FBI) has issued a new alert warning cryptocurrency scam victims about fraudulent law firms offering to recover stolen assets. These firms prey […]
Binance Key Role in Dismantling Crypto Kidnapping Ransom Case
A recent case involving a complex kidnapping-for-ransom operation highlights Binance’s crucial role in combating financial crimes. The Philippine National Police, aided by Binance’s Financial Intelligence Unit (FIU), successfully […]
Five Men Plead Guilty in Major Crypto Laundering Scheme, $36.9M Stolen from U.S. Investors
Five men have pleaded guilty to charges related to a large-scale crypto laundering scheme that stole over $36.9 million from U.S. investors. The defendants used shell corporations and […]
UK Invests in Crypto Expertise to Recover Assets from Insolvent Cases
The UK government has appointed its first dedicated crypto intelligence specialist, Andrew Small, to bolster asset recovery efforts in bankruptcy and criminal cases. This role underscores the UK’s […]
Anhui Police Crackdown on 80 Million Yuan Money Laundering Scheme
Chinese authorities have dismantled a significant money laundering operation, uncovering illegal activities worth over 80 million yuan. The operation involved traditional financial transactions, as no direct cryptocurrency involvement […]
AUSTRAC Tightens Crypto ATM Rules: New Limits & Enforcement Actions
Australia’s financial intelligence agency (AUSTRAC) has imposed new rules on cryptocurrency ATMs to combat fraud and protect consumers. The agency now caps cash transactions at approximately USD 3,250 […]
Coinbase Partners with Irdeto to Combat Rise of Crypto-Related Crime
Coinbase, a leading cryptocurrency exchange, has announced a strategic partnership with cybersecurity firm Irdeto to combat the increasing threat of criminal activity within the crypto space. The move […]
Nevada Man Sentenced for $7.9 Million Bank Fraud Scheme
Duncan-Carle, a Las Vegas resident, was sentenced to 72 months in prison after admitting to stealing over $7.9 million from U.S. Treasury checks between January and September 2023. […]
Crypto Scam South Korea: Key Figure Extradited, Over $236 Million Stolen
South Korean authorities have apprehended a key figure in a massive cryptocurrency scam that left over 15,000 investors out of pocket. The ringleader was extradited from abroad after […]