Cryptocurrency Con Artists: US DOJ Exposes $25 Million Ponzi Scheme Duo
US DOJ uncovers a $25 million crypto Ponzi scheme, revealing deceptive practices, extravagant spending, and charges including wire fraud and money laundering.
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US DOJ uncovers a $25 million crypto Ponzi scheme, revealing deceptive practices, extravagant spending, and charges including wire fraud and money laundering.
The US DOJ has made a request to disqualify all expert witnesses fielded by SBF for his impending trial, putting put forth an argument that necessitates a re-evaluation of these expert testimonies and disclosures.
According to the DOJ, Sim Hyon Sop, a North Korean Foreign Trade Bank representative, participated in two schemes to launder money using cryptocurrencies.
Binance, the world's largest cryptocurrency exchange by volume, is no stranger to tussles with regulators around the world.
The DOJ issued subpoenas to both firms
The judge insisted that further delay of the deal would harm Voyager’s customers waiting to receive their funds.
Federal prosecutors in New York, along with the SEC, are investigating DCG for internal transfers at its lending subsidiary Genesis, Bloomberg reported on Friday.
Officials may later seek to have Sam Bankman-Fried forfeit the assets, potentially including as much as $450 million in stocks, to avoid benefiting from crimes
The seizure involving 50,676 saw the accused, James Zhong, plead guilty to unlawfully obtaining the cryptocurrency.
The U.S. Attorney’s Office for the Southern District of New York will now be handling the investigation, Bloomberg reported Monday.