The Insurance Bureau of Canada (IBC) is highlighting that everyone can play a role in…
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....
This ‘Cryptoqueen’ scammed investors out of $4 billion, the FBI says. Then she boarded a plane and disappeared
Ruja Ignatova strode onto the stage in a flowing burgundy ball gown adorned with black sparkles. Beams of light flashed, fireballs erupted and Alicia Keys’ “Girl on Fire” blared through the speakers. “Looks like a girl, but she’s a flame. So bright, she can burn your...
Nova Scotia warns public of crypto scam resulting in ‘unrecoverable’ losses
The Nova Scotia Securities Commission is warning residents of a crypto scam, which it says is often cruelly referred to as a “pig butchering” scheme. The commission said in a Monday morning release the scam is causing “individual losses of hundreds...
Alameda’s ex-CEO tells judge she hid billions in loans to FTX execs
Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul’s Alameda Research, the hedge fund’s former chief told a judge in her guilty plea for her role in the exchange’s collapse. Caroline Ellison,...