Sam Bankman-Fried’s Trial Begins Amid Wire Fraud and Money Laundering Allegations
Sam Bankman-Fried, facing charges of wire fraud, money laundering, and conspiracy, arrived 30 minutes late for the first day of his trial. He is accused of misappropriating customer funds from FTX. The trial started with neither the government prosecutors nor Bankman-Fried's defense team having rece ...
FTX Founder Sam Bankman-Fried’s Trial and Potential Sentencing: What to Expect
FTX Founder Sam Bankman-Fried's Trial and Potential Sentencing FTX founder Sam Bankman-Fried is set to stand trial next week in a case related to the operation and collapse of FTX and its affiliated hedge fund, Alameda Research. He faces multiple charges, including wire fraud, co ...
Former OpenSea Product Manager Sentenced for Insider Trading Involving NFTs
A federal judge has sentenced former OpenSea product manager Nathaniel Chastain to three months in prison for wire fraud and money laundering related to insider trading on the platform. In an Aug. 22 announcement from the United States Department of Justice, U.S. Attorney Damian Williams said ...
Terraform Labs Founder Hires Dentons, World’s Largest Law Firm, Amidst Investigation
The founder of Terraform Labs hired the world's largest law firm Dentons to represent the businessman during the investigation by the U.S. Attorney's Office. This is not the first time Do Kwon has used the services of Dentons. Businessman hired company attorneys to challe ...
Las Vegas Resident Charged in $45 Million CoinDeal Fraud Scheme
57-year-old Las Vegas resident Brian Lee was charged with participating in the fraudulent cryptocurrency scheme CoinDeal, whose organizers managed to defraud more than 10,000 investors of $45 million. According to a press release from the U.S. Department of Justice, Bryan ...
Las Vegas Resident Accused of Defrauding Investors of $45 Million in Virtual Reality Project Scheme
A Las Vegas resident has been accused of defrauding more than 10,000 investors of $45 million who believed they had invested in a virtual reality project. The U.S. Department of Justice has accused a Las Vegas resident of defrauding investors of a total of $45 million. The DOJ published the ch ...
CFO Charged with Fraud and Misuse of $35 Million in Cryptocurrency Investments
A resident of Mercer Island, Washington, has been charged with fraud and misuse of $35 million by his employer, which the employee spent on loss-making investments in cryptocurrencies.</div The U.S. Attorney's Office for the Western District of Washington has charged Nev ...
Former CFO of African Gold Acquisition Corp Sentenced to 3 Years in Prison for Embezzlement and Crypto Trading Losses
The former CFO of African Gold Acquisition Corp Cooper Morgenthau was sentenced to three years in prison for embezzling funds used to trade cryptocurrencies. Cooper Morgenthau embezzled more than $5 million from African Gold Acquisition Corp, Strategic Metals Acquisition Co ...
US Department of Justice Charges Four Russians for Operating a $340 Million Pyramid Scheme
The Forsage investment platform, founded by four Russians, has been charged by the US Department of Justice for operating a pyramid scheme that has allegedly defrauded investors of $340 million. The accused individuals include Vladimir Okhotnikov, who used the pseudonym Lado, Olena Oblamskaya (al ...