scheme
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Regulation
JPMorgan Chase, Bank of America and Wells Fargo Accounts Used in Alleged $92,000,000 Money Laundering Scheme: Report
An alleged $92 million money laundering scheme went “right through” three of the largest banks in the US, according to…
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Regulation
DOJ Sentences Two US Citizens for Multi-Million-Dollar Crypto Securities Fraud Scheme
Two executives of financial technology company Hydrogen Technology received a prison term for their role in inflating the firm’s cryptocurrency,…
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Regulation
New York Attorney General Sues Two Crypto Companies for Alleged $1,000,000,000 Pyramid Scheme
The Attorney General of New York is suing two crypto firms for their alleged role in a $1 billion pyramid…
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Regulation
DOJ Arrests CFO of Media Outlet Epoch Times for Alleged $67,000,000 Money Laundering Scheme Involving Crypto
The U.S. Attorney’s Office, Southern District of New York (USAO-SDNY), is charging the chief financial officer of The Epoch Times,…
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Regulation
Ex-Investment Banker and Registered Broker Busted in $1,500,000 Crypto Fraud Scheme: DOJ
A former investment banker and registered broker has been sentenced for masterminding a $1.5 million crypto fraud scheme. In a…
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Scams
New York Man Arrested for Swindling $1,300,000 in Scheme Involving Fictitious Crypto Wallet
A New York man pled guilty to fraud charges last week after using various fake crypto and real estate schemes…
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Scams
Wells Fargo Accused of ‘Aiding and Abetting’ Alleged $300,000,000 Ponzi Scheme With More Than 1,000 Victims: Report
A new lawsuit accuses Wells Fargo of monitoring “both sides” of an alleged $300 million Ponzi scheme and doing nothing…
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Scams
Bank Employee Attacks Hundreds of Accounts, Sells Customers’ Payment and Personal Data in Insider Scheme: US Justice Department
An employee at a US bank repeatedly stole and sold customer data in a lucrative insider scheme, according to the…
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Scams
US DOJ Indicts Manhattan Man on Fraud Charges Related to $43,000,000 Fake Crypto Ponzi Scheme
The U.S. Department of Justice (DOJ) has just announced the indictment of a New York man who allegedly ran a…
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Scams
Crypto Exchange Executives and 29 Other People Accused of Running $24,560,000 Fraud Scheme in Taiwan: Report
Authorities in Taiwan are reportedly accusing crypto exchange executives and dozens of others of running a multimillion-dollar crypto scam. According…
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