Tag Archives: crypto fraud

Two new cases of crypto fraud are in the books. Crypto Fraud Is Getting Too Big The first involved two bad actors. One is Randall V. Rule, age 71, of Reno, Nevada. His partner in crime was Gregory C. Nysewander, age 64, of Irmo, South Carolina. Both have been charged with money laundering conspiracy, money laundering, and conspiracy to violate the Bank Secrecy Act. The pair sought to hide illicitly garnered funds through crypto portals. The U.S. attorney’s office said in...

Two residents of San Antonio, Texas have pleaded guilty to engaging in a crypto fraud scheme. Andrew Trujillo and Zena Dounson allegedly looked through various online channels as a means of scoping out people who had earned money through crypto investing. Andrew Trujillo and His Partner Are Guilty From there, they would choose specific targets and go in for the kill. Dounson – who worked at AT&T – used her employee credentials to sneak into the victims’ phones and...

2021 was the year for crypto. Between bitcoin hitting the ultimate high of roughly $68,000 per unit last November and Pro Shares unveiling its new bitcoin-based exchange-traded fund (ETF), it can be argued that this was the ultimate time for digital currency transactions. However, with such developments came a crud-load of illicit activity, and 2021 saw the highest amounts of crypto fraud and theft ever recorded in the history books according to blockchain analysis firm...

A Swedish man has been sentenced to 15 years in prison for allegedly stealing more than $16 million in cryptocurrency funds. 47-year-old Roger Nils-Jonas Karlsson stole the money from more than 3,700 people after convincing them to invest in a phony company called Eastern Metals Securities. Karlsson Pleads Guilty to Crypto Fraud Individuals were coaxed into sending bitcoin and other cryptocurrency funds to the company on the basis that they would see heavy returns....

John McAfee – a long-time bitcoin advocate and the man behind arguably the most prominent and recognized form of antivirus software in the world – is once again facing charges from the U.S. government. McAfee Is in Hot Water Again McAfee was initially arrested last October. He is now being charged with conspiracy to commit “commodities and securities fraud,” along with several other forms of fraud relating to new digital currencies he was either developing or had already...

A teenager in New York is being sued for more than $70 million in a federal court due to his alleged role as the potential ringleader of a cryptocurrency fraud scheme that may have stolen millions in crypto funds from investors around the country. The teen’s name is Ellis Pinsky, and the plaintiff is none other than Michael Terpin, who crypto enthusiasts should all know by now.Terpin Is At It AgainTerpin has been heavily involved in a potential SIM-swapping case since 2018 that saw him lose...

We’re all aware that cryptocurrency fraud has taken a massive toll on the industry, but if you’re pretending to be Queen Elizabeth II to get your fingers on digital assets, you’re probably taking things a little too far.Crypto Fraud Is Taking a “Royal” TurnA letter circulating through LinkedIn and other social media platforms shows that alleged fraudsters are reportedly asking for bitcoin and cryptocurrency funds from specific investors who might have great interest in solving “Britain’s...