Reported by Crystal Kim, author of Axios Crypto A jury found Avraham “Avi” Eisenberg guilty on all three counts of fraud and manipulation in a $110 million crypto trade scheme using the Mango Markets platform. Why it matters: The case was the first known test for a jury to decide whether existing U.S. laws governing fraud and […]
Reported by Efe Bravo The Nigerian government is currently working with Interpol and Kenyan authorities to extradite Nadeem Arjarwalla, a Binance executive who was found in Kenya after escaping custody in Nigeria. This operation aims to have Arjarwalla answer charges related to allegations of financial misconduct. Arjarwalla, who initially arrived in Nigeria in February, faced accusations that the cryptocurrency exchange he represented was involved in […]
Reported by Chidirim Ndeche Binance’s operation in Africa’s biggest cryptocurrency market is under intense scrutiny, with Nigerian authorities accusing the crypto giant and a host of other exchanges of infractions including currency manipulation and facilitating transfers of illicit funds. With one Binance executive in custody in Nigeria, and a second having fled the country after having been detained, […]
Reported by Camillus Eboh One of the two executives from Binance, the world’s largest cryptocurrency exchange, detained in Nigeria appeared in an Abuja court on Thursday [April 4] to face tax evasion and money laundering charges. Binance and two of its executives Tigran Gambaryan, a U.S. citizen and Binance’s head of financial crime compliance, and […]
Reported by Abiodun Sanusi The Economic and Financial Crimes Commission will on Thursday arraign Binance Holdings Limited and two of its senior executives, Tigran Gambaryan and Nadeem Anjarwalla, who recently escaped from custody and fled Nigeria, over an alleged $35,400,000 money laundering case. The EFCC had on Thursday, March 28, charged Binance Holdings Limited, Gambaryan, […]
Reported by CHINEDU ASADU Associated Press An executive of cryptocurrency exchange Binance has escaped custody in Nigeria, where a criminal investigation has been launched against the platform accused of being used for money laundering, authorities said Monday. Nadeem Anjarwalla, the regional manager for Binance in Africa, “fled Nigeria using a smuggled passport,” the office of Nigeria’s […]
Reported by The Crown Prosecution Service An ex-takeaway worker has been convicted (Wednesday 20 March 2024) of laundering the proceeds which saw her rise from living above a Chinese restaurant to residing in a multi-million pound house in an affluent part of North London. Jian Wen, 42, was found guilty at Southwark Crown Court of […]
Reported by Sam Reynolds Binance is asking its prime brokers to do enhanced Know Your Customer (KYC) work on clients to ensure that they aren’t serving U.S. nationals, according to a report from Bloomberg. Prime Brokers act as intermediaries between institutional investors and the market, offering services such as custody, trade execution, risk management, and lending […]
Reported by ANDY GREENBERG In his years as a US federal agent, Tigran Gambaryan helped to lead landmark investigations that took down cryptocurrency thieves and money launderers, dark-web drug dealers, and even crypto-funded child exploitation networks. Now, in his post-government role at the cryptocurrency exchange Binance, he has become the target himself of a very […]
Reported by LEO SCHWARTZ As the legal debate continues over whether sales of cryptocurrencies constitute securities, all eyes have been on a court case involving a Coinbase employee sharing insider information with his brother and a friend. While the main defendant, former Coinbase employee Ishan Wahi, and his brother have reached settlements with both the […]
Financial Crime News Briefs 