The U.S. Department of Justice (DOJ) has just announced the indictment of a New York man who allegedly ran a multi-year Ponzi scheme that swindled millions from investors in the US and abroad. In a statement, the Justice Department says that Idin Dalpour has been charged with one count of wire fraud in connection with […]
The post US DOJ Indicts Manhattan Man on Fraud Charges Related to $43,000,000 Fake Crypto Ponzi Scheme appeared first on The Daily Hodl.
The U.S. Department of Justice (DOJ) is reportedly seeking a tougher sentence for Binance founder Changpeng Zhao for violating money laundering laws. According to Reuters, US prosecutors want Zhao to serve three years in prison, or twice the maximum 18 months recommended under federal guidelines. In November, Zhao stepped down as CEO of Binance after […]
The post US Justice Department Pushes for Three-Year Prison Sentence for Binance Founder Changpeng Zhao: Report appeared first on The Daily Hodl.
The U.S. Department of Justice (DOJ) has slapped three individuals with criminal charges related to their alleged involvement in a crypto pyramid scheme that looted $1.89 billion from victims. Australian native Sam Lee allegedly co-founded “HyperFund,” an online investment platform that falsely claimed investors who purchased “memberships” would receive between 0.5% to 1% daily in […]
The post DOJ Charges Founder and Top Promoters of Alleged $1,890,000,000 Crypto Ponzi Scheme That Promised High Returns appeared first on The Daily Hodl.
A top-level OneCoin executive is pleading guilty to accusations arising from her alleged participation in the multi-level marketing (MLM) scam that swindled over $4 billion from victims worldwide. In a statement, the U.S. Department of Justice (DOJ) says that Bulgarian citizen and OneCoin head of legal compliance Irina Dilkinska has pleaded guilty to one count […]
The post Compliance Official Pleads Guilty to Money Laundering Charges Over Role in Infamous OneCoin Crypto Scheme appeared first on The Daily Hodl.
The U.S. Department of Justice (DOJ) is looking to seize two luxury jets that are allegedly owned by former FTX chief executive Sam Bankman-Fried. In a new court filing, the government says that the defendants’ charges will allow them to seize a Bombardier Global 5000 BD-700-1A11 aircraft and an Embraer Legacy EMB-135BJ aircraft – two […]
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One of the co-founders of the $4 billion OneCoin crypto pyramid scheme has been sentenced to 20 years in prison. Karl Sebastian Greenwood co-founded the infamous fraud with Ruja Ignatova, widely known as the “Cryptoqueen.” Greenwood and Ignatova started OneCoin in 2014 and operated the company as a multi-level marketing (MLM) network. They falsely claimed […]
The post ‘Cryptoqueen’ Associate Receives 20 Years in Prison, Ordered To Surrender $300,000,000 appeared first on The Daily Hodl.
The chief executive of the world’s largest crypto exchange by volume is responding to reports centered around top executives of the firm leaving, saying that the rumored reasons why they departed are fiction. Responding to a recent Fortune report, Binance CEO Changpeng Zhao says Fortune “dreamed up” reasons as to why the staff members left and […]
The post Binance CEO Responds to Executive Departures Reports, Says Reasons ‘Dreamed Up’ for Staff Exits Are Wrong appeared first on The Daily Hodl.
Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Friday that it is “proactively withdrawing from the Canadian market.” The company thanked the regulators who worked with them and said that the Canadian market was “small.” Binance Bows Out of Canada Due to Regulatory Guidance The cryptocurrency exchange Binance has decided to withdraw […]
A U.K. hacker who caused a stir in 2020 and stole hundreds of thousands of dollars worth of crypto is pleading guilty to two sets of charges following his extradition from Spain on April 26th. In a statement published on Tuesday, the U.S. Attorney’s Office Southern District of New York says Joseph James O’Connor, also […]
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The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and […]