Reported by: Department of Justice, U.S. Attorney’s Office, Eastern District of New York A criminal complaint was unsealed today in federal court in Brooklyn charging Aurelien Michel, a French national residing in the United Arab Emirates (UAE), with defrauding purchasers of “Mutant Ape Planet” NFTs, a type of digital asset, of more than $2.9 million […]
Reported by: Chris Prentice The U.S. Securities and Exchange Commission (SEC) is seeking details about FTX investors’ due diligence, according to two sources familiar with the inquiry, as fallout from the crypto firm’s collapse spreads. The SEC has so far brought charges against three of FTX’s top executives, accusing them defrauding investors in the crypto trading platform […]
Reported by: Zahra Tayeb US prosecutors in New York have put together an FTX Task Force to nail down and recover billions of dollars of missing funds belonging to the collapsed crypto exchange’s customers. More than 1 million customers could be affected by what the US government has described as an epic fraud at FTX. […]
Reported by: MILES COHEN and NADINE EL-BAWAB William “Rick” Singer, the ringleader in a college admissions cheating scandal that spanned the country, was sentenced to 42 months in prison by a federal judge on Wednesday. Singer will then be on supervised release for three more years. The former college admissions consultant pleaded guilty in March […]
Reported by: Tory Newmyer Coinbase, the largest U.S.-based cryptocurrency trading exchange, will pay a $50 million fine to settle allegations from New York regulators that it broke the law by failing to adequately guard against money laundering on its platform. The company will spend an additional $50 million over the next two years beefing up […]
Reported by: Richard Vanderford “Cryptocurrency is here to stay,” a top Internal Revenue Service law enforcer said, and the tax-collection agency wants to partner with the industry to fight financial crime. The IRS Criminal Investigation division is bringing on hundreds of new agents a year, including many who will be directed to work on digital […]
Reported by: Department of Justice, U.S. Attorney’s Office, Southern District of New York Damian Williams, the United States Attorney for the Southern District of New York, announced today that COOPER MORGENTHAU, the former chief financial officer of two special purpose acquisition companies (“SPAC-1” and “SPAC-2”), pled guilty to one count of wire fraud in connection […]
Reported by: Hugh Son U.S. banking regulators warned financial institutions on Tuesday that dealing with cryptocurrency exposes them to an array of risks, including scams and fraud. “The events of the past year have been marked by significant volatility and the exposure of vulnerabilities in the crypto-asset sector,” the regulators said in a joint statement from the […]
Reported by: Lee Brown New details have emerged about the women accused of helping Andrew Taterun a sex and porn ring — as a Romanian teen claimed the alleged twisted influencer tried to rope her in when she was just 16. Tate’s suspected accomplices, Georgiana Naghel, 28, and Luana Radu, 32 — who have been dubbed “Tate’s Angels” […]
Reported By Roger Cohen Seated in the domed, red sandstone government building unveiled by the British Raj less than two decades before India threw off imperial rule, S. Jaishankar, the Indian foreign minister, needs no reminder of how the tides of history sweep away antiquated systems to usher in the new. Such, he believes, is […]
Financial Crime News Briefs 