Sunday, July 21, 2019
Home Tags Criminal

Tag: criminal

Michigan House of Representatives Votes to Include Cryptocurrencies in Criminal Laws

Michigan lawmakers have passed a bill that would include cryptocurrency in criminal laws regarding illegal actions for financial gain. The Michigan House of Representatives has passed a bill, HB 4102, on April 9 that would include cryptocurrencies in criminal codes regarding illegal actions for financial gain. Michigan lawmakers have voted to introduce amendments to various sections of the Michigan Penal Code, specifying that cryptocurrency would be included in provisions relating to money laundering, embezzlement, credit card fraud and financial transactions involving the proceeds of a criminal offense. The legislation also prohibits the collection of cryptocurrency — or any currency — for the fighting, baiting or shooting of an animal. State Rep. Ryan Berman told the Detroit News that the bill was inspired by a case of a dog-fighting ring, wherein the organizer was prosecuted, but not individual participants, as they placed their bets using cryptocurrency, which was not expressly pr..

QuadrigaCX Co-Founder Michael Patryn Is Actually Convicted Criminal Omar Dhanani: Report

QuadrigaCX’s co-founder Michael Patryn is allegedly formerly known as Omar Dhanani, who operated a credit card fraud scheme in 2002. A co-founder of controversial QuadrigaCX exchange was reportedly involved in multiple criminal activities in the past, Bloomberg reports on March 19. Michael Patryn, who co-founded Canadian crypto exchange QuadrigaCX along with Gerald Cotten in 2013, was previously known as Omar Dhanani, a person that was involved in multiple crimes in the United States, Bloomberg states. $145 million in clients’ crypto assets was found to be missing from the QuadrigaCX exchange after its co-founder and CEO Cotten died at the age of 30 from complications of Crohn’s disease in December 2018. The exchange is now ongoing legal and financial proceedings amid the controversy over the missing funds, having appointed Ernst & Young as an independent monitor in its creditor protection case. Patryn reportedly left QuadrigaCX in 2016, citing a fundamental disagreement with Cotten o..

SIM Swappers Swindle Millions — Biggest Criminal Threat in Crypto in...

SIM swapping has come into the spotlight in recent months after a number of high-profile arrests. Cryptocurrency crime trends have been in the spotlight in recent weeks, but SIM swapping has been strangely absent in a number of reports on 2018. Cryptocurrency analytics companies CipherTrace and Chainalysis released two different reports focusing on the major crime trends in the space in 2018. While their data and findings sum up the biggest threats of the last 12 months, they’ve omitted the prevalence of SIM swapping in recent times. How it worksSIM swapping is a relatively simple concept to understand, but the potential damage that can be done to an individual is scary, to say the least. Cointelegraph approached multinational cybersecurity and anti-virus company Kaspersky Labs to provide an accurate definition of how SIM swapping works and the various ways in which it is carried out. Attackers obtain basic information about an individual, then use that to request that user’s phone nu..

IBM Watson & LTO Network to Speed up Small Criminal Cases...

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Blockchain has opened up countless opportunities for organizations to work together in a smarter and more transparent way. But only when novel technologies are combined, true efficiency surfaces. Nowadays, disruptive digital technologies like artificial intelligence and blockchain impact not only finance and payments but other aspects of society as well. This is further demonstrated by the new IBM Watson and LTO Network collaboration, who will be joining forces to transform public services. The alliance will start with a technological redesign of criminal justice cases for the Dutch District Attorney’s office. Hybrid bl..

IBM Watson & LTO Network to Speed up Small Criminal Cases...

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Blockchain has opened up countless opportunities for organizations to work together in a smarter and more transparent way. But only when novel technologies are combined, true efficiency surfaces. Nowadays, disruptive digital technologies like artificial intelligence and blockchain impact not only finance and payments but other aspects of society as well. This is further demonstrated by the new IBM Watson and LTO Network collaboration, who will be joining forces to transform public services. The alliance will start with a technological redesign of criminal justice cases for the Dutch District Attorney’s office. Hybrid ..

Report: Financial Criminal Allegedly Revealed as Figure Behind ‘Blockchain Terminal’ ICO

The man behind the “Blockchain Terminal” ICO has been ousted as a convicted financial criminal who concealed his former identity. The man behind the “Blockchain Terminal” (BCT) Initial Coin Offering (ICO) has been ousted as a financial criminal who concealed his former identity from employees and investors alike. An investigation into the circumstances were published Dec. 11 on news outlet The Block Crypto The BCT project and its affiliated firm, CG Blockchain, are alleged to have raised as much as $31 million in an ICO to launch a crypto-focused version of the ubiquitous “Bloomberg Terminal” — a highly-successful financial data and trading tool for the traditional financial sector. According to the report, BCT’s glossy “institutional-grade” tool for crypto “trading professionals” had at its helm a man who operated as “Shaun MacDonald,” but was in reality a convicted fraudster, Boaz Manor, who had received a four-year prison sentence in Canada in 2012 for siphoning $106 million from a..
- Advertisement -

Popular

Latest