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 […]
Reported by: Jax Miller The FBI reported approximately $1 billion in losses in connection with romance scams in 2021. Here are some tell-tale signs that you might be a victim of love. Romance scams are a subset of what’s commonly referred to as “catfishing,” when a person conjures up a fake online persona to lure […]
Reported by: Jonathan Stempel JPMorgan Chase & Co (JPM.N) and Deutsche Bank AG (DBKGn.DE) asked a U.S. judge to dismiss lawsuits by women who accused Jeffrey Epstein of sexual abuse, and said the banks enabled and ignored red flags about the late financier’s sex trafficking. The banks in papers filed on Friday night in Manhattan federal court said they […]
Reported by: Zack Whittaker, Carly Page Arrested, seized, doxed and detained. These are just some of the ways police and prosecutors around the world took down the biggest cybercrime operations of the year, even if it meant resorting to new and unconventional eyebrow-raising methods. From stashing billions of bitcoin under the floorboards to teenage hackers […]
Reported by: Jonathan Richman The Second Circuit held yesterday that a government agency’s nonpublic, pre-decisional regulatory information does not constitute “property” for purposes of the federal insider-trading and wire-fraud statutes. The decision in United States v. Blaszczak (2d Cir. Dec. 27, 2022) (“Blaszczak II”) effectively vacated convictions under those statutes for defendants who had traded on nonpublic, market-moving information […]
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