Search Results for "wire fraud"
US Elections Need Blockchain: What Happened with the QFS Conspiracy and Voter Fraud Claims
The presidential election has been complicated, as a portion of the ballots collected were done through mail, as Trump has reiterated his stance on voter fraud.
Crypto & the FATF Travel Rule: FinCEN Suggests Challenges in Governance, Not Technology
The Financial Action Task Force (FATF) Travel Rule has been in the center of attention lately, which concerns crypto transactions above a certain amount must be accompanied by identifying information.The rule is an update to the existing FATF Recommendation 16, regarding cross-border and domestic wire transfers, and is intended to address the anti-money laundering (AML) and counter-terrorist financing (CFT) challenges as crypto adoption increases. The FATF Travel Rule could mean implications for virtual asset service providers (VASPs), including cryptocurrency exchanges, wallet providers, and custodians.
US Justice Department Charges John McAfee with Cryptocurrency Fraud
Antivirus software entrepreneur John McAfee has been charged with fraud and crypto pump and dump scheme offenses by the US Department of Justice, which alleges that he and his accomplices participated in a scheme that earned them more than $16.9 million by fraudulently promoting altcoins to unwitting investors.
Could Blockchain be a Solution for Mail-In Voting Issues and Election Ballot Counting Fraud?
Amid the misinformation circulating in response to the US presidential elections, blockchain technology has been brought up as a solution to prevent voter fraud.
Floyd Mayweather Promoted 2017 ICO Was a Fraud, Co-Founder Pleads Guilty
The $25 million 2017 Centra Tech ICO court case has finally resulted in a verdict against one of the co-founders who pleaded guilty to fraud yesterday. The other founders are still awaiting trial.
AML BitCoin Lobbyist Abramoff to Pay $55K in Convicted Guilt Plea for ICO Fraud
In the civil case filed against Jack Abramoff for his role in the 2018 Initial Coin Offering (ICO) scandal, the AML BitCoin lobbyist is expected to pay $55, 000 in disgorgement and interest for his conspiracy in fraud.
Former Microsoft Employee Convicted of $10M Bitcoin Tax Fraud Scheme
A former Microsoft employee is facing nine years in prison for defrauding the tech firm of more than $10 million in digital currency.
DoJ Charges BitClub Promoter for Role in $722 Million Crypto Fraud Scheme
A Californian man pleaded guilty for his involvement in perpetrating BitClub Network, a cryptocurrency mining scheme that generated at least $722 million.