Reported by: TMZ and Unchained by Laura Shin Disgraced FTX founder Sam Bankman-Friedmust be worried about serious prison time for his multiple fraud charges … but have no fear — because “Pharma Bro” Martin Shkreli‘s advice is to listen to some rap before hitting the slammer. Shkreli, the once-pharmaceutical exec and hedge fund manager, offered his questionable […]
Reported by: Alvin R Cabral More than $8 million worth of cryptocurrency has been stolen from the wallets of BitKeep users in an apparent cyber attack, the latest exploit to hit a decentralised finance network. BitKeep users reported through social media that their funds were being transferred without any activity on their end, online industry tracker Cointelegraph reported on […]
Reported by: Brad Hunter A Canadian man called the “Chinese El Chapo” who allegedly ran a meth empire that spanned the planet has been extradited to Australia. Cops say that Tse Chi Lop, 59, is one of the “most high-profile arrests” ever made by Aussie police. His extradition from the Netherlands culminates a long-running probe […]
Reported by: Serah Louis From Kim K to the Paul brothers, influencers are shelling out investing advice and touting risky tokens over social media and it’s often their young followers who are left paying the price if the market plunges. Bitcoin’s track record serves as an example of just how volatile that market can be. There’s […]
Reported by: Anna Baydakova Known cryptocurrency payments to ransomware hackers “totaled a mere $16 million, compared to nearly $74 million USD in 2021,” blockchain intelligence firm Crystal Blockchain says. This may be surprising given the fact that the number of ransomware attacks has increasedsince 2021, according to cybersecurity researchers. This year, the notorious Contiransomware gang, known for […]
Reported by: GRAHAM STACK Latvia’s financial authorities shuttered one of the oldest banks in the country for its lax financial crime controls. The bank intended to accept a financial injection from shareholders who failed to explain the origin of their money. Before closing it, the Financial and Capital Market Commission (FCMC) raided the headquarters of […]
Reported by: Lawrence Richard FOXBusiness Two former associates of FTX founder Sam Bankman-Fried pleaded guilty to charges the Securities and Exchange Commission (SEC) filed against them Wednesday as part of a multiyear scheme to defraud investors. Former Alameda Research CEO Caroline Ellison, 28, and former Chief Technology Officer of FTX Trading LTD Zixiao (Gary) Wang, 29, secretly […]
Reported by: U.S. Department of Justice A federal grand jury in the District of Maryland returned an indictment that was unsealed today charging two men for their roles in schemes to defraud investors in CytoDyn Inc., a publicly traded biotechnology company (OTCQB: CYDY) based in Vancouver, Washington. According to court documents, Nader Pourhassan, 59, of […]
Reported by: Eric Ball, Kimberly Culp Brands and influencers alike should proceed with caution as regulators continue to scrutinize how influencers market information to their followers and how brands deploy influencer marketing. Recent enforcement actions have made one thing clear: disclose, disclose, disclose. On December 14, 2022, the SEC announced charges against eight individuals for their roles […]
Reported by: Carmo Moniz and Tori Morales Cindy Tappe, NYU’s former director of finance and research, is facing multiple felony charges after she was found to have redirected millions of dollars in New York state education grants to shell companies over the span of six years. Tappe, who left NYU in 2018 after the university […]
Financial Crime News Briefs 