Search Results for "financial fraud"
Ripple CEO Reveals Missing Key Factor for Crypto and XRP to Be the Infrastructure of the Next Global Financial System
Ripple CEO Brad Garlinghouse explained what was crucial in the cryptocurrency sector for it to be revamped and integrated into the next global financial system.
Former CEO of Overstock Patrick Byrne Charged for Security Fraud
Former CEO of overstock.com, Patrick Byrne and former CFO Greg Iverson have been charged for securities fraud regarding the payout of dividends.
UK Financial Watchdog Increased Crypto Investigations by 74% in 2019
The Financial Conduct Authority (FCA), the primary financial regulatory body in the United Kingdom, has seen a sharp rise of 74% in crypto-related investigations in 2019.
Crypto Debit Card Services Hit Hard as UK Financial Watchdog Suspends Wirecard Subsidiary
United Kingdom’s Financial Conduct Authority (FCA) has suspended Wirecard Card Solution Ltd, the Wirecard’s subsidiary responsible for the issuance of Visa crypto debit cards.
US Seizes $24M in Cryptocurrencies Tied to Brazilian Investment Fraud Probe
The US Department of Justice has seized $24 million in cryptocurrencies following investigations linked to online investment fraud.
G7 Bank Sector Higher Money Laundering Risk than Crypto Industry, Reports Mexico Financial Intelligence
According to a report released by the Financial Intelligence Unit of Mexico, the G7 banking sector was most at risk of money laundering operations.
Germany’s Federal Financial Regulator Warns Investors Over Bulgarian Crypto Broker
Bulgarian crypto broker, 5 Capital, has been offering financial services to investors without being approved by the Germany financial watchdog, federal financial supervisory authority (BaFin).
Twitter Bitcoin Hack Demonstrates That Crypto Fraud is Easier to Track Than Fiat
Cryptocurrency regulation was the hot topic during an ongoing panel hosted by the Association of Certified Financial Crime Specialists.
Crypto Investment Fraud Generates $27 Million, SEC Charges Scammers Posing as Pastors
The US Securities and Exchange Commission filed a complaint against three men posing as pastors who defrauded churchgoers in a cryptocurrency Ponzi scheme.
Mike Bloomberg: US Presidential Candidate Highlights Crypto Adoption In Agenda for Financial Reform
The United State presidential candidate for the upcoming 2020 election Mike Bloomberg is set to tender a proposal seeking to accommodate regulations for cryptocurrencies in a new financial plan that will be duly regulated.
CFTC Demands $572 Million in Penalty and Restitution for Bitcoin Scam, Defendant Nowhere to be Found
US CFTC demanded that the founder of the Bitcoin cryptocurrency scam company Control-Finance pay $572 million in penalty and restitution fees for Bitcoin fraud.
US Government Creates Cyber Fraud Task Force to Put an End to Crypto Crime
The US Secret Service is hoping to put an end to the increasing money-laundering cases that have erupted with the rise of COVID-19, by creating a special division, dubbed the Cyber Fraud Task Force (CFTF).