In brief
Vincent Mazzotta pleaded guilty to money laundering and obstruction in a $13 million crypto Ponzi scheme
The scheme involved the use of fake AI trading bots and a fictitious agency…
In brief
A content creator has trapped scammers for approximately 4,000 hours in an infinite maze pretending to be a way to redeem Bitcoin from their victims.
Scammers find themselves attempting to…
In brief
Chapman ran a “laptop farm” from her Arizona home, hosting devices for North Korean IT workers to spoof their U.S. presence.
Over 300 U.S. companies—including a major TV network and…
An amended class-action complaint filed in the Southern District of New York alleges that memecoin platform Pump.fun operates as a “front-facing slot machine cabinet” in an enterprise that extracted more…
In brief
A revised class action accuses Pump.fun and its infrastructure partners of operating a racketeering enterprise modeled on unlicensed gambling.
Plaintiffs claim the meme coin ecosystem functioned like a digital slot…
In brief
A man has been indicted in an alleged cross-border fraud scheme.
Authorities traced and seized $7.1 million in crypto, with assets moving through U.S. banks, offshore accounts, and at least…
In brief
Shane Donovan Moore, a former semi-pro rugby player, was sentenced to 30 months in prison for defrauding over 40 investors out of $900,000 through a fake crypto mining scheme.
Moore…
In brief
Federal prosecutors have charged two OmegaPro executives with running a $650 million crypto scam masked as a forex investment platform.
The pair allegedly used lavish events and false promises of…
New
Zealand's Financial Markets Authority (FMA) issued a warning Tuesday about a
phone-based investment scam that uses fake economic surveys to target victims
before directing them to fraudulent trading platforms, including CFDs.New Zealand…
The U.S. Department of Justice (DOJ) has charged two individuals for their role in OmegaPro, a crypto and investment ponzi scheme which defrauded investors of over $650 million.Michael Shannon Sims,…