Reported by Alex Mitchell A new report reveals a staggeringly high number of Gen Zers openly admitting to engaging in credit card fraud — with nearly half of them committing the financial crime, according to new data from anti-fraud company Sift. The research found that 42% of those aged 26 and younger admitted to filing a fraud claim […]
Reported by MICHAEL BROMBERG With cryptocurrency markets hovering at a global market capitalization of over $1.3 trillion, financial advisors are likely to encounter some clients who already own crypto and others with questions about investing in digital assets. Unfortunately, uncertainties around current and future regulations could create a quandary for financial advisors when they discuss […]
Jamie Dimon, CEO of JPMorgan Chase, articulates why crypto should be shut down for good.
Reported by Steve Muchoki Circle Chief Strategy Officer and Head of Global Policy Dante Disparte wrote a formal letter to Senators Sherrod Brown and Elizabeth Warren to refute claims that USDC has been used for funding the Hamas terror group. After the United States Department of Treasury caught up with Binance Holdings Ltd, and its […]
Reported by David Yaffe-Bellany, Emily Flitter, Matthew Goldstein and Glenn Thrush Changpeng Zhao, the founder of Binance, the largest cryptocurrency exchange in the world, pleaded guilty to money laundering violations, a stunning blow to the most powerful and influential figure in the global crypto industry. Binance itself also pleaded guilty and agreed to pay $4.3 […]
Reported by The Securities and Exchange Commission The Securities and Exchange Commission today announced that it filed 784 total enforcement actions in fiscal year 2023, a 3 percent increase over fiscal year 2022, including 501 original, or “stand-alone,” enforcement actions, an 8 percent increase over the prior fiscal year. The SEC also filed 162 “follow-on” […]
Reported by Sam Lyman Following Hamas’ attack, a report emerged with estimates that the terrorist organization had raised more than $130 million in cryptocurrency to fund its war against Israel. Senator Elizabeth Warren—the self-appointed generalissima of the “anti-crypto army”—latched onto this eye-popping figure to conscript 104 of her congressional colleagues to sign a letter to the White House urging […]
Reported by LIONEL LAURENT Justice has been served — and swiftly, too. A jury found fallen crypto mogul Sam Bankman-Fried guilty of seven counts of fraud and conspiracy after just five hours of deliberation, markedly less time than it took for jurors to puzzle over Elizabeth Holmes’ Theranos scandal or Raj Rajaratnam’s insider trading at […]
Reported by U.S. Department of the Treasury Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Ekaterina Zhdanova, a Russian national, for her role in laundering and moving funds using virtual currency on behalf of Russian elites. This action is consistent with the G7’s commitment to crack down on sanctions evasion and closing loopholes […]
FTX founder Sam Bankman-Fried was found guilty of fraud! This is his story in under 5 minutes. Watch video.
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