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Tag Archives: crypto fraud

CFTC Commissioner: We Can’t Stop All the Crypto Fraud

The Commodity Futures Trading Commission (CFTC) has warned that while it’s doing all it can to end crypto fraud, it admitted that there’s nothing it can do about all the illicit activity out there, and thus there’s likely to be things here and there that vanish from its radar or go unnoticed. The CFTC Doesn’t Have that Much Power Christy Goldsmith Romero – one of five commissioners at the CFTC – announced in a recent interview that crypto cases account for roughly...

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Connecticut Is Worried About How Much Crypto Fraud It’s Played Host To

The state of Connecticut is freaking out over how much crypto fraud has occurred through its growing network of bitcoin and digital currency ATMs. Thus far, millions of dollars have been stolen from multiple residents, many of whom are over the age of 60. Connecticut Is Concerned About Crypto Fraud The crypto space is largely unregulated, meaning whatever money gets stolen from one’s account will likely be gone forever unless law enforcement agents can jump on the matter...

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Dennis Corey Loses $200K to Crypto Fraud

The Federal Bureau of Investigation (FBI) has released a new report suggesting that more than $13 million was stolen from residents of the state of Oregon during the first ten months of 2022. For individuals like Dennis Corey, who lost hundreds of thousands of dollars to crypto fraud, the situation couldn’t be any worse. Dennis Corey Has Lost a Lot of Money Based in the city of Portland, Corey explained in a recent interview that he parted with $200,000 worth of funds...

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Joseph Taschetta Uncovers Massive Crypto Fraud Ring, Gets Rewarded for His Work

Joseph Taschetta has recently been dubbed the 2022 officer of the year in the Pensacola police department after discovering an international cryptocurrency fraud ring. Joseph Taschetta Hailed as Officer of the Year Taschetta garnered the award after someone from India called an elderly woman in the region of Pensacola and convinced her to transfer all her money into a fake bitcoin outlet. The idea was that the woman had an outstanding warrant against her and paying the...

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Patrick Duffy Is One of Many to Have Allegedly Fallen Victim to Crypto Fraud

Patrick Duffy – a certified public accountant (CPA) – is just one of several people in the Bay Area (San Francisco, CA) that appears to have fallen victim to heavy crypto fraud purportedly being conducted by a firm known as 7 On Your Side. Patrick Duffy Has Lost Some Cash Duffy commented in a recent interview that he’s been involved in digital currency for a little while, though he hasn’t actually invested in any specific assets. Rather, he’s put money into crypto and...

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Woman Loses More than $300K to Crypto Romance Scam

A young woman – who remains anonymous at press time – has come out to discuss her circumstances of falling victim to a crypto romance scam. How One Woman Lost a Lot of Money to a Crypto Scam Having finalized her divorce last year, the lady decided to put herself back on the market and try dating apps for the first time. As the mother of a young daughter, she is keeping her identity hidden at this time, but she mentioned she lives near a town called Springfield and she’s...

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Eddy Alexandre Pleads Guilty to Nearly $250 Million Crypto Fraud Scheme

Eddy Alexandre – a man in New York – entered a guilty plea in mid-February this year after conducting a crypto fraud scheme that stole nearly $250 million from assorted investors. Eddy Alexandre Pleads Guilty Damian Williams – the U.S. attorney for the Southern District of New York – issued a statement claiming that Alexandre, between the months of September 2021 and May 2022, ran an illegal crypto exchange known as Emini FX. During that time, Alexandre solicited as much...

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Lt. Brinks of Michigan Details Two Incidents of Crypto Fraud

Two women in Grand Traverse County in Michigan were scammed out of more than $50K in crypto funds after falling victim to a digital currency fraud scheme. The news came by way of a statement given by Sheriff Lt. Brandon Brinks. Lt. Brinks on Crypto Scams In the statement, Brinks said crypto scams are always difficult to narrow down and track given that they’re always changing, and fraudsters are always altering their methods of obtaining digital asset funds. He said:...

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Call Centers Conducting Crypto Scams Shut Down in Europe

Several call centers throughout Europe that were being used to conduct crypto fraud and other illicit scams have been shut down by law enforcement agencies. Raids began in June of last year and have continued up until now. Call Centers Were Engaged in Crypto Fraud Police agencies throughout the regions of Cyprus, Bulgaria, Germany, and Serbia have discovered various call centers being used to trick investors into placing their money into various crypto fraud schemes,...

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