California Man Sues Three Asian Banks Over $1 Million Crypto Fraud Loss – Who’s to Blame?
A California man, Ken Liem, has taken legal action against three prominent Asian-based banks—Fubon Bank, Chong Hing Bank, and DBS ...
Tag: Crypto Fraud
US Cracks Down on North Korea’s Crypto-Fueled Money Laundering Network
According to the latest reports, the United States has made efforts to disrupt illicit crypto-related networks that support North Korea’s government, ...
Crypto Conman Sentenced: Investors Duped in $350K Scam—Here’s How
The US Department of Justice has announced the sentencing of Michael Joseph McElhiney, a Spokane resident, to over three years ...
Crypto Ponzi Scheme Exposed: IcomTech Leaders Sentenced to Decade Behind Bars
Two central figures behind the cryptocurrency Ponzi scheme known as IcomTech have been sentenced to substantial prison terms, according to ...
Ohio Man Loses Life Savings in $425K Crypto Scam—Here’s How It Went Down
As the crypto market continues to offer lucrative opportunities for investors, it has also attracted malicious actors who consistently devise ...
Singaporean Accused Of $230M Crypto Scam Seeks ‘Speedy Trial’ In US—Details
A 20-year-old Singaporean, Malone Lam, has requested a “speedy trial” in a US court, following charges of stealing roughly $230 ...
$73M Crypto Laundering Scheme Uncovered as Suspect Pleads Guilty—Key Details
A 41-year-old dual citizen of China and St. Kitts and Nevis, Daren Li, has pleaded guilty to one count of ...
Victims Of $47M Crypto Bank Scam To Receive Millions In Restitution—Details
In a significant court ruling, a federal judge has ordered that millions of dollars seized from a failed cryptocurrency scheme ...
