Bitcoin Millionaire Faces Prison: The Price of Hiding $4 Million in Gains

December 14, 2024 Bitcoin.com

Bitcoin

An early bitcoin investor was sentenced to two years in prison for evading taxes on $3.7 million in cryptocurrency gains, using mixers and secret wallets. Bitcoin Investor Sentenced: The High Cost of Hiding Cryptocurrency Profits Frank Richard Ahlgren III, a resident of Austin, Texas, was sentenced to two years in prison for “filing a tax […]

Ripple Stablecoin RLUSD May Experience Supply Shortages on Debut, Says XRP Co-Creator David Schwartz

Former FTX Executive Caroline Ellison Set To Begin Two-Year Prison Sentence for Role in FTX Fiasco

November 7, 2024 The Daily Hodl

Caroline Ellison

Former FTX executive Caroline Ellison is set to start her two-year prison term in Connecticut. According to a new report by CNBC, a Bureau of Prison (BOP) spokesperson said that Caroline Ellison – the former CEO of FTX’s sister company Alameda Research – will begin her two-year sentence after serving as the prosecution’s star witness. […]

The post Former FTX Executive Caroline Ellison Set To Begin Two-Year Prison Sentence for Role in FTX Fiasco appeared first on The Daily Hodl.

Ripple Stablecoin RLUSD May Experience Supply Shortages on Debut, Says XRP Co-Creator David Schwartz

US Sends Crypto Promoter to Prison for 20 Years in Multi-Million Dollar Ponzi Scheme

October 17, 2024 Bitcoin.com

bitcoin.com

A cryptocurrency promoter was sentenced to 20 years in prison for running a Ponzi scheme that defrauded thousands of investors, particularly in Spanish-speaking U.S. communities. The scheme, disguised as a crypto mining operation, promised guaranteed returns but left victims unable to withdraw funds while promoters pocketed millions. The fraudster was ordered to forfeit over $3.6 […]

Ripple Stablecoin RLUSD May Experience Supply Shortages on Debut, Says XRP Co-Creator David Schwartz

Convicted FTX executive Ryan Salame is officially in prison custody

October 12, 2024 Coin Telegraph

Coin Telegraph

During a recent appearance on Tucker Carlson's podcast, Salame claimed federal prosecutors unfairly targeted him for political reasons.

Convicted, former FTX executive Ryan Salame submitted himself to prison custody on October 11, 2024, at FCI Cumberland, according to Bureau of Prison records viewed by Cointelegraph.

Salame was sentenced to 90 months in prison for his role in the 2022 FTX collapse after pleading guilty to operating an unregulated money-transmitting business and campaign finance charges in 2023.

The former FTX executive attempted to delay his October 11 surrender date until December 7, 2024 — citing ongoing medical treatment for a dog bite — a motion strongly opposed by prosecutors and denied by Judge Lewis Kaplan in an October 10 ruling.

Ripple Stablecoin RLUSD May Experience Supply Shortages on Debut, Says XRP Co-Creator David Schwartz

Crypto Ponzi Leader Receives 121-Month Prison Sentence

October 6, 2024 Bitcoin.com

bitcoin.com

David Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding investors with false promises of profits. His scheme targeted working-class people with the lure of financial freedom through cryptocurrency trading and mining, none of which actually took place. Lavish expos were held to entice more […]

Ripple Stablecoin RLUSD May Experience Supply Shortages on Debut, Says XRP Co-Creator David Schwartz

Cryptoquant CEO Expects Crypto Market to Skyrocket With CZ’s Return — ‘Bullish Vibes Everywhere’

September 29, 2024 Bitcoin.com

Binance

Cryptoquant’s chief executive has expressed optimism about the return of former Binance CEO Changpeng Zhao (CZ), believing it could lead to major market movements. “Bullish vibes everywhere,” he said, emphasizing that CZ “just needs to post ‘I’m back’ and the market will skyrocket.” Cryptoquant Founder Expects CZ’s Return to Spark Market Surge Ki Young Ju, […]

Ripple Stablecoin RLUSD May Experience Supply Shortages on Debut, Says XRP Co-Creator David Schwartz

Woman Sentenced to 8 Years in Prison After Failed Bitcoin Murder-for-Hire Plot

September 21, 2024 Bitcoin.com

Arrest

A woman has been sentenced to over eight years in prison after her murder-for-hire plot using bitcoin fell apart. Melody Sasser attempted to use the dark web to hire a hitman to kill an Alabama resident. She paid nearly $10,000 in cryptocurrency and tried to make the murder look like an accident. Authorities discovered incriminating […]

Ripple Stablecoin RLUSD May Experience Supply Shortages on Debut, Says XRP Co-Creator David Schwartz

Court Orders New York Man to Pay $36M for Forex, Digital Asset Fraud

September 21, 2024 Bitcoin.com

Court Orders New York Man to Pay M for Forex, Digital Asset Fraud

bitcoin.com

William Koo Ichioka has been ordered to pay over $36 million after admitting to a forex and digital asset fraud scheme. His scam, which started in 2018, involved falsifying financial documents and misusing investor funds for personal luxuries like cars and jewelry. In addition to financial penalties, Ichioka faces prison time. The Commodity Futures Trading […]

Ripple Stablecoin RLUSD May Experience Supply Shortages on Debut, Says XRP Co-Creator David Schwartz

Binance CEO says task force is working ‘across the clock’ to free exec in Nigeria

September 19, 2024 Coin Telegraph

Binance

Binance CEO Richard Teng said the company has continued to explore every legal and political avenue to bring Gambaryan home as his health deteriorates by the day.

Binance CEO Richard Teng says his team has been working “across the clock” to bring Tigran Gambaryan home to the United States as the exec’s health declines by the day.

“There’s no need to hold our staff. He’s held unjustly, unfairly,” Teng told Cointelegraph at the Token2049 conference in Singapore on Sept. 19.

“It is distressing for all of us,” said Teng. “Especially for the families. For us at Binance, this is a top priority for us. We have a task force internally working across the clock, looking at different avenues from legal to political.”

Ripple Stablecoin RLUSD May Experience Supply Shortages on Debut, Says XRP Co-Creator David Schwartz

Singapore Court Imposes 6-Year Prison Sentence on Crypto Ponzi Scheme Mastermind

August 27, 2024 Bitcoin.com

bitcoin.com

Yang Bin, a 61-year-old Dutch national, was sentenced by a Singapore court to six years in prison and fined S$16,000 Singapore dollars for orchestrating a cryptocurrency Ponzi scheme. Yang’s company, A&A Blockchain Innovation, falsely claimed to own 300,000 cryptocurrency mining machines, promising investors a daily return of 0.5%. In reality, the company had no such […]

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