Fraud

Because 78 months is shorter than the 15-year Connecticut term Iza is already serving, and the two run at the same time, the Los Angeles sentence adds no time in custody. What the case adds is $23.4 million in restitution and convictions on three further counts.

Roman Ż. is accused of taking PLN 7.8 million from customer accounts by altering the exchange's own records. The wider case now covers PLN 350 million and more than 3,600 complaints.

Canada's Spring Economic Update proposes a federal blanket ban on all 4,000 cryptocurrency ATMs nationwide, citing CAD 704 million in fraud losses last year and calling the machines a 'primary method' for scammers to defraud victims.

A coordinated international operation led by Dubai Police has dismantled nine cryptocurrency investment scam centres and arrested at least 276 people, with three defendants now facing federal wire fraud and money laundering charges in the Southern District of California.

Lewis Kaplan denied Sam Bankman-Fried's motion for a new trial on Tuesday, six days after the convicted FTX founder asked to withdraw the same motion on the grounds that Kaplan would not give him a fair hearing. The judge denied the withdrawal too.

Donald Basile allegedly raised $16 million from hundreds of investors by promising the world's first insured digital asset. No insurer ever issued the policy, and the token is now worthless.

Victims of the $4 billion OneCoin fraud can now file for compensation from a pool of seized assets, but the scheme's mastermind — the so-called Cryptoqueen — has been missing since 2017.

Alex Mashinsky, founder of crypto lender Celsius, was convicted on commodities and wire fraud charges after a trial in federal court.

Terraform Labs and founder Do Kwon agreed on June 12, 2024, to pay $4.47 billion to settle SEC civil fraud charges in the largest crypto settlement at the time.

Celsius founder Alex Mashinsky arrested July 13, 2023, as DOJ, SEC, FTC, and CFTC file coordinated charges over customer fraud and token manipulation.