Virginia man sentenced to 30 years for sending $185K to ISIS via cryptocurrency scam
SPRINGFIELD, Va. — A 35-year-old man from Springfield was sentenced Wednesday to more than 30 years in federal prison after being convicted of funneling money to the Islamic State of Iraq and…
Brooklyn Charges Cryptocurrency Scam Targeting Russian Community in U.S.
BROOKLYN, NY—Brooklyn District Attorney Eric Gonzalez announced significant progress in combating cryptocurrency scams that predominantly targeted the Russian-speaking community in Brooklyn and other U.S. states. His office’s Virtual Currency Unit has effectively…
Former Security Engineer Sentenced for Hacking Cryptocurrency Exchanges
NEW YORK, NY – Shakeeb Ahmed, a former senior security engineer, has been sentenced to three years in prison for hacking two decentralized cryptocurrency exchanges and stealing over $12 million worth of…
Former New Jersey Corrections Officer Pleads Guilty to Cryptocurrency Fraud
NEWARK, NJ – A former corrections officer from New Jersey has admitted to orchestrating fraud schemes targeting first responders, resulting in over $600,000 in losses. In federal court, John DeSalvo, 47, of…
CEO of Crypto Arraigned in Brooklyn on Multi-Million Dollar Cryptocurrency Fraud
This morning, German national Horst Jicha, 64, will be arraigned at the federal courthouse in Brooklyn, facing charges of securities fraud, wire fraud, and money laundering conspiracies in connection with a cryptocurrency…
Four Individuals Charged with Laundering Millions from Cryptocurrency Investment Scams Known as ‘Pig Butchering’
LOS ANGELES – Three Southland residents and a fourth defendant have been named in a seven-count indictment charging them with participating in a scheme to launder the proceeds of cryptocurrency investment scams…
Two Men Charged for Operating $25M Cryptocurrency Ponzi Scheme
A superseding indictment was unsealed yesterday charging an Australian national and a California man with operating a cryptocurrency Ponzi scheme that defrauded victims of more than $25 million. According to court documents,…
Round Rock Fraudster Sentenced for Stealing More Than $600,000 in Cryptocurrency Through SIM Swapping Scheme
AUSTIN, Texas – A Round Rock man was sentenced in a federal court in Austin to 24 months inprison for conspiracy to commit wire fraud. According to court documents, from August 2019…
Founder and Majority Owner of Cryptocurrency Exchange Pleads Guilty to Unlicensed Money Transmitting
The founder and majority owner of Bitzlato Ltd. (Bitzlato), a cryptocurrency exchange that served as a primary conduit for dark market purchasers and sellers, as well as a safe haven for illicit…
Founder and Majority Owner of Cryptocurrency Exchange Pleads Guilty to Unlicensed Money Transmitting
Anatoly Legkodymov, a Russian national also known as “Anatolii Legkodymov,” “Gandalf” and “Tolik,” pleaded guilty today in federal court in Brooklyn to operating a money transmitting business that transported and transmitted illicit…
Leader Of Miami Crew Sentenced To 63 Months In Prison For Defrauding Banks And Cryptocurrency Exchange Of More Than $4 Million
Damian Williams, the United States Attorney for the Southern District of New York, announced that ESTEBAN CABRERA DA CORTE, a/k/a “Esteban Cabrera,” a/k/a “Esteban Da Corte,” a/k/a “Steban,” was sentenced to 63…
Suburban man convicted of Bitstamp cryptocurrency fraud scheme
HOUSTON – A 37-year-old Sugarland resident has pleaded guilty to aggravated identity theft in connection with a scheme to fraudulently obtain and launder more than $500,000, announced U.S. Attorney Alamdar S. Hamdani.…
CEO Pleads Guilty to Transnational Scheme Involving Foreign Exchange and Cryptocurrency Futures Contracts
A former chief executive officer of an investment firm pleaded guilty yesterday to a “cherry-picking” scheme, in which he fraudulently misappropriated profitable trades to himself, and saddled his investors with losses. According…
Cryptocurrency Founder “Bruno Block” Pleads Guilty to Tax Crimes
NEW YORK, N.Y. – Amir Bruno Elmaani, the founder of the cryptocurrency “Oyster Pearl,” pled guilty to tax offenses on Wednesday. Elmaani admitted that he had secretly minted and sold approximately 3…
Essex County Woman Admits Role in $25 Million Cryptocurrency Fraud
Newark, NJ – U.S. Attorney Philip R. Sellinger announced on Wednesday that Edith Pardo, 70, of Bloomfield, pleaded guilty to her involvement in fraudulently inducing victims to invest over $25 million in…
CEO Of Cryptocurrency And Forex Trading Platform Pleads Guilty To Over $240 Million Scheme To Defraud Investors
Damian Williams, the United States Attorney for the Southern District of New York, announced today the guilty plea of EDDY ALEXANDRE, the leader of a purported cryptocurrency and foreign exchange (“forex”) trading…
Former Coinbase Insider Pleads Guilty In First-Ever Cryptocurrency Insider Trading Case
Damian Williams, the United States Attorney for the Southern District of New York, announced today that ISHAN WAHI, a former product manager at Coinbase Global, Inc. (“Coinbase”), pled guilty to two counts…
U.S. Promoter of Foreign Cryptocurrency Companies Sentenced to 60 Months in Prison for His Role in Multi-Million Dollar Securities Fraud Scheme
BROOKLYN, NY – Earlier today, in federal court in Brooklyn, John DeMarr was sentenced by United States District Judge LaShann DeArcy Hall to 60 months in prison for his participation in a…
Founder and Majority Owner of Bitzlato, a Cryptocurrency Exchange, Charged with Unlicensed Money Transmitting
Defendant Wrote on Bitzlato’s Internal Chat Room That its Users Were “Known to be Crooks” BROOKLYN, NY – A complaint was unsealed this morning in federal court in Brooklyn charging Anatoly Legkodymov,…
Founder and Majority Owner of Cryptocurrency Exchange Charged with Processing Over $700 Million of Illicit Funds
The founder and majority owner of a cryptocurrency exchange, Bitzlato Ltd. (Bitzlato), was arrested last night in Miami for his alleged operation of a money transmitting business that transported and transmitted illicit…
Defendant Sentenced In Groundbreaking Cryptocurrency Insider Trading Case
Damian Williams, the United States Attorney for the Southern District of New York, announced today that NIKHIL WAHI was sentenced by U.S. District Judge Loretta A. Preska to 10 months in prison…