FTX co-founder and key witness Gary Wang asks judge for no jail time
Gary Wang, one of Sam Bankman-Fried’s longtime friends and a key witness at his trial, is set to be sentenced on Nov. 20. Go to Source
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Judge sentences IcomTech promoter to 8 years to deter ‘crypto frauds’
Judge Jennifer Rochon initially allowed a delay in Gustavo Rodriguez’s sentencing to allow additional testimony but ultimately ordered the IcomTech promoter to prison. Go to Source
Fake Coinbase Sites Steal $20M — How Indian Man Led the Massive Crypto Fraud
A cryptocurrency scam targeting Coinbase users has resulted in a significant theft of over $20 million. An Indian national, Chirag Tomar, was sentenced for orchestrating this scheme, where fake websites mimicking Coinbase led to victims surrendering credentials. U.S. authorities revealed how fraudsters used advanced tactics, including remote desktop access and posing as support agents, to … Read more
US Treasury used AI to recover $4 billion in fraud over past year
The US Treasury has tapped into AI machine learning to sift through data to detect and prevent billions of dollars in check fraud. Go to Source
Hong Kong cops clean out alleged $46M deepfake crypto scam
Hong Kong police arrested 27 people it accused of running an AI deepfake crypto scam operation from a 4,000-square-foot industrial building in the region. Go to Source
Forcount ‘Ponzi scheme’ promoter sentenced to 20 years in prison
According to US prosecutors, Juan Tacuri, and his co-conspirators, defrauded investors of $8.4 million in an apparent Ponzi Scheme. Go to Source
$150M Crypto Scheme Leader Vanishes From US Detention, Active Manhunt Underway
A German national accused of orchestrating a $150 million cryptocurrency fraud is now a fugitive after allegedly tampering with his ankle monitor while on home detention in New York. Prosecutors say he led a multi-level marketing scheme, promising massive returns, before siphoning off millions in cryptocurrency and disappearing just before his trial. An active investigation … Read more
Telegram to open an office in Kazakhstan, boost regulatory compliance
Telegram’s agreement to set up an office in Kazakhstan aligns with the firm’s increasing compliance efforts as its CEO remains in France amid an ongoing investigation. Go to Source
Convicted FTX executive Ryan Salame is officially in prison custody
During a recent appearance on Tucker Carlson’s podcast, Salame claimed federal prosecutors unfairly targeted him for political reasons. Go to Source
High-Return Crypto Scheme Hit With Cease-and-Desist in Texas
Texas regulators have issued an emergency cease-and-desist order against two individuals accused of promoting a fraudulent cryptocurrency investment scheme. The alleged scheme, tied to Trage Technologies, promised high returns on digital asset arbitrage trading but is accused of misleading investors. Authorities claim the company falsely asserted SEC registration and used illegal multilevel marketing tactics, posing … Read more
