Crypto CEO gets 20 years for $200M Bitcoin Ponzi scheme
A US federal judge in Virginia sentenced the chief executive of Praetorian Group International to 20 years in prison for running a $200 million cryptocurrency...
Tag : Scheme
SafeMoon CEO Gets 8 Years in Prison for Crypto Fraud Scheme
In brief SafeMoon CEO Braden Karony was sentenced to 100 months in prison for his role in a crypto fraud scheme surrounding the SFM token....
Crypto scam mastermind gets 20 years for $73M pig butchering scheme
A dual national of China and St. Kitts and Nevis was sentenced to 20 years in US federal prison for orchestrating a global cryptocurrency scam...
South Korea Customs Uncovers $102M Crypto Laundering Scheme
In brief South Korea’s customs authority has dismantled an alleged crypto laundering operation accused of moving an estimated 149 billion won using crypto and bank...
Venezuelan Man Faces 20 Years for Alleged $1B Crypto Money Laundering Scheme
Federal prosecutors have charged a Venezuelan national with laundering approximately one billion dollars through crypto wallets and shell companies in what officials describe as one...
Utah Man Sentenced to Three Years for $2.9M Crypto Fraud Scheme
A Utah man has been sentenced to three years in federal prison for running a crypto-related fraud scheme that cost investors nearly $3 million while...
Utah Man Gets Three Years for $2.9M Fraud Tied to Crypto Cash Scheme
In brief Brian Garry Sewell was sentenced to three years in federal prison on wire fraud and unlicensed money transmitting charges. Prosecutors said he misled...
China’s Digital Yuan Architect Accused of $8M Crypto Bribery Scheme
Yao Qian, the former architect of China’s digital yuan, accepted crypto bribes worth over $8 million while holding senior regulatory positions, Chinese state media revealed...