You Searched For "sec crypto fraud charges 7 million" and got 20 results
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2 mins read
A perfectly timed trade 24 minutes before the SEC's big crypto crackdown likely made an investor millions
The trader bet on the price of Coinbase stock to fall with impeccable timing. If they cashed out at…
Joe Ciolli
2 mins read
The SEC has charged the ex-CEO of a Goldman Sachs-backed tech company with running a $67 million securities fraud
The SEC alleged Chris Kirchner, former CEO of a software company Slync, "misappropriated" more than…
Carla Mozée
1 min read
8 people charged with stealing 19 rental cars worth $1.1 million in an identity fraud scheme
An indictment said Tyrell Oliver reserved cars with fake IDs and stolen credit card information and…
Ryan Hogg
2 mins read
A crypto entrepreneur splurged millions of dollars in client funds on a billion-year old space diamond, rare Rolexes and a Ferrari, SEC says
Richard Schueler, aka Richard Heart, used millions of dollars in customer funds to buy "exorbitant …
Joseph Wilkins
2 mins read
The SEC has accused fugitive Terraform founder Do Kwon of multibillion-dollar crypto fraud linked to TerraUSD's collapse
The collapse of TerraUSD last year shook the digital-asset industry to its core after it lost its 1…
Zahra Tayeb
1 min read
Top aide admits to $1 billion fraud conspiracy ahead of Chinese mogul's trial
Yvette Wang, the former chief of staff to Guo Wengui, pleaded guilty to fraud weeks before her form…
Geoff Weiss
1 min read
Ex-NBA star Paul Pierce will pay $1.4 million to settle charges from the SEC that he made misleading statements while promoting crypto
The ex-Boston Celtics player didn't disclose he was paid more than $244,000 worth of EMAX tokens in…
Carla Mozée
1 min read
FTX is set to begin selling $744 million of assets to pay back creditors of the failed crypto exchange
With Sam Bankman-Fried in jail, the failed crypto exchange just won approval to begin offloading it…
Phil Rosen
1 min read
SEC charges 16 people for raking in $194 million in illicit proceeds from international penny-stock fraud scheme
Stocks in the "pump and dump" scheme were promoted to unsuspecting investors in the US and elsewher…
Carla Mozée
2 mins read
The DOJ has charged 2 men over the $1.1 million Frosties NFT 'rug pull' – and alleged they were preparing to pull off another scam
The pair of 20-year-olds, charged with fraud and money laundering, were preparing a second "Embers"…
Hamza Fareed Malik
1 min read
Crypto losses reach $428 million in Q3 globally, hacks top concern
An analysis of the crypto losses by bug bounty platform Immunefi found that fraud accounts for o…
2 mins read
BlockFi to pay $100 million to settle charges with the SEC over its crypto lending product
BlockFi will pay $50 million to settle the SEC's charges, and $50 million in additional fines to se…
Phil Rosen
5 mins read
Bitcoin's all-time high reveals the true nature of crypto
Investors are stuck in a perpetual boom-and-bust cycle where they put money into bitcoin every few …
Emily Stewart
2 mins read
Kraken will stop offering US crypto 'staking' and pay a $30 million penalty after settling with the SEC
Cryptos stumbled, with bitcoin and ethereum both falling as concerns built about a crackdown on inc…
George Glover
2 mins read
Conspiracy theory-fueled newspaper Epoch Times grew revenue 4x thanks to CFO's crypto crime proceeds, feds say
Federal prosecutors say Bill Guan, an executive at Trump-friendly news outlet the Epoch Times, laun…
Jack Newsham
4 mins read
Here's what the SEC's 'all-out assault' on crypto means for the market's 2 biggest players
The SEC sued Binance and Coinbase this week in an "all-out assault" on crypto. Experts say it marks…
Max Adams
2 mins read
SEC chief Gary Gensler says the agency could consider exemptions for crypto firms from some rules to encourage compliance
"The public is largely unprotected due to non-compliance in this space," Gensler said in an intervi…
Jennifer Sor
1 min read
The SEC has charged Sam Bankman-Fried and accused him of 'orchestrating a massive, years-long fraud'
The SEC accused Bankman-Fried of diverting billions of FTX's customer funds for "his own personal b…
Kate Duffy
2 mins read
A former San Francisco tech executive was charged with embezzling more than $2.7 million from his employer
Aubrey Jackson Shelton II was accused of using his company's payroll software to "inflate his paych…
Jyoti Mann
2 mins read
Bankrupt crypto lender Celsius owes users $4.7 billion, court document reveals
Celsius Networks, a US-based crypto lender, which filed for bankruptcy protection on July 14, owes…