A powerful Russian crime syndicate that's accused of laundering hundreds of millions of dollars around…
Toronto police recover ‘significant portion’ of $400,000 cryptocurrency scam
Toronto police have recovered a ‘significant portion’ of what is alleged to be a $400,000 cryptocurrency scam. According to police, a Toronto man filed a complaint to report that he and his wife had been scammed out of $400,000 in a cryptocurrency investment scheme....
Ontario’s self-proclaimed Crypto King kidnapped, beaten for ransom, bankruptcy documents claim
Aiden Pleterski’s lawyer has not commented on latest allegations. An alleged kidnapping, duped investors and losses topping $40 million — those are some of the newest details emerging as authorities try to unravel what Canada’s self-proclaimed Crypto King did...
SEC charges Do Kwon, Terraform with fraud in connection with Terra collapse
The SEC charged Terraform and its CEO Do Kwon with defrauding investors. Kwon and Terraform perpetrated a “multi-billion” dollar fraud against investors as part of marketing the TerraUSD and luna coins, which collapsed in May 2022. Kwon is a fugitive, and...
My Big Coin cryptocurrency firm founder gets 8 years in prison for fraud
The founder of a defunct cryptocurrency business was sentenced on Tuesday to more than eight years in prison for defrauding investors and customers out of millions of dollars by marketing a virtual currency called My Big Coin with lies and half-truths. Federal...
‘Everything is fake’: how global crime gangs are using UK shell companies in multi-million pound crypto scams
Awoman meets a man online. They flirt. Then, after a few weeks, they begin imagining a future together. Fast forward a few months and one of them has had their heart broken and been defrauded of their life savings. It sounds like a classic romance scam, but it isn’t....