Tag #Cryptocurrency Fraud

Showing 13 to 24 of 25 results

elmundo.es

🌐 85% Global Worthiness

Mar 15, 19:10

Spanish Police Bust €37.2 Million Cryptocurrency Fraud

Spanish National Police arrested eight individuals in Málaga, Murcia, and Madrid for a cryptocurrency investment fraud totaling €37.2 million (400 BTC), involving a Ponzi scheme that defrauded 3,646 users from 36 countries, with investigations beginning in 2022 after a victim reported the scheme.

Spanish Police Bust €37.2 Million Cryptocurrency Fraud

Spanish National Police arrested eight individuals in Málaga, Murcia, and Madrid for a cryptocurrency investment fraud totaling €37.2 million (400 BTC), involving a Ponzi scheme that defrauded 3,646 users from 36 countries, with investigations beginning in 2022 after a victim reported the scheme.

Progress

32% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How did the fraud operate, and what were the key elements that facilitated the deception of investors?

The cryptocurrency investment fraud involved a Ponzi scheme where early investors were paid with later investors' funds until the platform owners blocked withdrawals. This highlights the vulnerability of investors to fraudulent schemes promising unrealistic returns and the need for stronger regulatory oversight of the cryptocurrency market. The investigation, initiated in 2022 following a victim's report, revealed a criminal structure spanning Málaga, Murcia, and Madrid.

elpais.com

🌐 85% Global Worthiness

Feb 23, 01:07

Argentine President Investigated in Cryptocurrency Scam

Argentine President Javier Milei is under investigation for his alleged involvement in a cryptocurrency scam, "$Libra", which he promoted on social media, causing significant financial losses for many investors after its value plummeted; the scandal has damaged his credibility but he retains conside...

Argentine President Investigated in Cryptocurrency Scam

Argentine President Javier Milei is under investigation for his alleged involvement in a cryptocurrency scam, "$Libra", which he promoted on social media, causing significant financial losses for many investors after its value plummeted; the scandal has damaged his credibility but he retains conside...

Progress

52% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the specific charges against Argentine President Javier Milei related to the "$Libra" cryptocurrency, and what evidence is being gathered by authorities?

Argentine President Javier Milei is under investigation for his alleged role in a cryptocurrency scam involving "$Libra", which he promoted on social media. The cryptocurrency's value surged and then crashed, resulting in significant losses for many investors. A fiscal has initiated an investigation, seeking information from financial institutions and cybersecurity experts.

lemonde.fr

🌐 85% Global Worthiness

Feb 18, 16:10

Thai Police Bust $187 Million Cryptocurrency Scam Network

Thai police arrested ten suspects and are searching for twenty-two more in connection with a $187 million cryptocurrency scam, allegedly involving fake online job offers and money laundering through real estate and baht conversion; the suspects are linked to scam centers across the border.

Thai Police Bust $187 Million Cryptocurrency Scam Network

Thai police arrested ten suspects and are searching for twenty-two more in connection with a $187 million cryptocurrency scam, allegedly involving fake online job offers and money laundering through real estate and baht conversion; the suspects are linked to scam centers across the border.

Progress

24% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How did the criminals launder the proceeds of their scam, and what role did Thai nationals play?

This bust highlights the increasing issue of transnational online scams operating from border regions in Southeast Asia. The involvement of Chinese nationals, forced labor, and money laundering through real estate demonstrate the sophisticated nature of these criminal enterprises. The Thai government's recent actions, such as cutting electricity to suspected scam centers, indicate a growing commitment to combatting this problem.

zeit.de

🌐 85% Global Worthiness

Feb 17, 07:09

Lawsuit Filed Against Argentinian President Milei for Cryptocurrency Fraud

Argentine lawyers filed a fraud lawsuit against President Javier Milei on Sunday for promoting a cryptocurrency, "$LIBRA", that crashed hours later, causing millions in investor losses; a judge will assign the case to a prosecutor on Monday.

Lawsuit Filed Against Argentinian President Milei for Cryptocurrency Fraud

Argentine lawyers filed a fraud lawsuit against President Javier Milei on Sunday for promoting a cryptocurrency, "$LIBRA", that crashed hours later, causing millions in investor losses; a judge will assign the case to a prosecutor on Monday.

Progress

48% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How did the alleged "rug pull" scheme involving $LIBRA operate, and what evidence supports the claims of fraud against President Milei?

The lawsuit alleges President Milei's promotion of $LIBRA constituted fraud, citing the cryptocurrency's rapid collapse after he posted about it on X (formerly Twitter). Experts claim the scheme generated approximately $107 million in profit before the crash, exploiting investors. Milei's office claims he was uninvolved and has initiated an internal investigation.

nrc.nl

🌐 75% Global Worthiness

Jan 8, 04:08

Dutch Crypto Trader Arrested for Alleged €4.5 Million Fraud

A 24-year-old Dutch crypto trader was arrested on Monday for suspected fraud and embezzlement after informing hundreds of clients in early 2023 that he had lost their investments, totaling an estimated €1.5 million to €4.5 million; a local foundation representing 75 victims compiled a dossier for po...

Dutch Crypto Trader Arrested for Alleged €4.5 Million Fraud

A 24-year-old Dutch crypto trader was arrested on Monday for suspected fraud and embezzlement after informing hundreds of clients in early 2023 that he had lost their investments, totaling an estimated €1.5 million to €4.5 million; a local foundation representing 75 victims compiled a dossier for po...

Progress

44% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the immediate consequences of the arrest of the Hengelo crypto trader, and what is the estimated financial impact on victims?

A 24-year-old crypto trader from Hengelo, Netherlands, was arrested on Monday on suspicion of fraud and embezzlement. The police confirmed the arrest following reports in local media, stating that the man informed hundreds of clients early last year that he had lost their investments and profits. A local foundation representing 75 victims has compiled a dossier detailing the alleged scam and handed it to the police.

cincodias.elpais.com

🌐 85% Global Worthiness

Jan 1, 10:06

Spain's 2025 Court Schedule: High-Profile Cases and Legal Precedents

Spanish courts will face high-profile cases in 2025, including trials against former Banco Popular executives, the first cryptocurrency pyramid scheme trial in the National High Court, and a greenwashing case between Iberdrola and Repsol, along with ongoing investigations involving Ibex 35 companies...

Spain's 2025 Court Schedule: High-Profile Cases and Legal Precedents

Spanish courts will face high-profile cases in 2025, including trials against former Banco Popular executives, the first cryptocurrency pyramid scheme trial in the National High Court, and a greenwashing case between Iberdrola and Repsol, along with ongoing investigations involving Ibex 35 companies...

Progress

32% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How do the cases involving Rodrigo Rato, Imanol Arias and Ana Duato, and the Ibex 35 companies reflect broader trends in Spanish society and governance?

Several high-profile cases, including those involving Rodrigo Rato (former Spanish vice-president and IMF managing director), Imanol Arias and Ana Duato (actors accused of tax fraud), and various Ibex 35 companies, will continue through the courts in 2025. These cases highlight ongoing issues of corporate malfeasance, tax evasion, and financial market manipulation in Spain.

elpais.com

🌐 85% Global Worthiness

Mar 1, 04:10

$Libra" Cryptocurrency Scam Defrauds Investors, Exposing Risks of Celebrity Endorsements

Argentine presidential candidate Javier Milei's endorsement of the "$Libra" cryptocurrency, orchestrated by Mauricio Novelli, led to a rug pull scam that defrauded investors of millions of dollars, highlighting the risks of celebrity endorsements in the volatile cryptocurrency market.

$Libra" Cryptocurrency Scam Defrauds Investors, Exposing Risks of Celebrity Endorsements

Argentine presidential candidate Javier Milei's endorsement of the "$Libra" cryptocurrency, orchestrated by Mauricio Novelli, led to a rug pull scam that defrauded investors of millions of dollars, highlighting the risks of celebrity endorsements in the volatile cryptocurrency market.

Progress

44% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What were the immediate consequences of the "$Libra" cryptocurrency scam, and how significant were the financial losses?

A cryptocurrency scam, involving the promotion of "$Libra" by Argentine presidential candidate Javier Milei, resulted in significant financial losses for investors. The scam, which involved inflating the cryptocurrency's value before a rapid collapse, was facilitated by Mauricio Novelli, who charged sponsors tens of thousands of dollars for meetings with Milei. Investigations revealed multiple instances of this practice, causing substantial investor losses and reputational damage.

dw.com

🌐 90% Global Worthiness

Feb 20, 19:10

Argentine President Faces Impeachment Over $LIBRA Cryptocurrency Scandal

Argentine President Javier Milei's promotion of the $LIBRA cryptocurrency on February 14th led to a massive price surge followed by a 90% crash, causing at least $250 million in losses for 44,000 investors worldwide; investigations are underway for potential fraud and impeachment proceedings.

Argentine President Faces Impeachment Over $LIBRA Cryptocurrency Scandal

Argentine President Javier Milei's promotion of the $LIBRA cryptocurrency on February 14th led to a massive price surge followed by a 90% crash, causing at least $250 million in losses for 44,000 investors worldwide; investigations are underway for potential fraud and impeachment proceedings.

Progress

56% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the roles of the key individuals involved in the $LIBRA scandal, and how did their actions contribute to the crisis?

The $LIBRA scandal involves President Milei, American Hayden Mark Davis, Singaporean Julian Peh, and Argentine Mauricio Novelli. Investigations are underway to determine if Milei knowingly promoted a fraudulent scheme, potentially violating public ethics laws. The incident has severely damaged Argentina's credibility and sparked calls for impeachment.

cnnespanol.cnn.com

🌐 85% Global Worthiness

Feb 17, 19:09

Fraud Charges Filed Against Argentine President Milei Over Cryptocurrency Promotion

Argentine lawyers filed fraud charges against President Javier Milei on Sunday for promoting a cryptocurrency on social media; the cryptocurrency's value plummeted after Milei deleted his post, causing millions of dollars in losses for investors; Milei's office claims he was unaware of the project's...

Fraud Charges Filed Against Argentine President Milei Over Cryptocurrency Promotion

Argentine lawyers filed fraud charges against President Javier Milei on Sunday for promoting a cryptocurrency on social media; the cryptocurrency's value plummeted after Milei deleted his post, causing millions of dollars in losses for investors; Milei's office claims he was unaware of the project's...

Progress

48% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How did the alleged actions of President Milei contribute to the cryptocurrency's collapse and the ensuing financial losses?

The incident highlights the risks associated with cryptocurrency investments and the potential for manipulation. The lawyers allege Milei engaged in a "rug pull", a scheme where promoters attract investors and then abandon the project after funds inflate, rendering tokens worthless. This case involves accusations of illicit association and fraud.

dw.com

🌐 85% Global Worthiness

Feb 8, 16:08

Bulgaria Accused of Complicity in OneCoin Cryptocurrency Scheme

Jonathan Levy accuses the Bulgarian government of complicity in the OneCoin cryptocurrency scheme, citing the involvement of high-ranking officials, the ongoing operation of OneCoin from Sofia, and multiple alleged murders linked to the case; he plans to sue Bulgaria in the EU Court.

Bulgaria Accused of Complicity in OneCoin Cryptocurrency Scheme

Jonathan Levy accuses the Bulgarian government of complicity in the OneCoin cryptocurrency scheme, citing the involvement of high-ranking officials, the ongoing operation of OneCoin from Sofia, and multiple alleged murders linked to the case; he plans to sue Bulgaria in the EU Court.

Progress

64% Bias Score

ShareSaveArticle

Peace, Justice, and Strong Institutions

12345678

Previous 1 of 8 Next

What specific actions demonstrate the Bulgarian government's alleged complicity in the OneCoin scheme, and what are the immediate consequences of this inaction?

Jonathan Levy, representing OneCoin victims, alleges the Bulgarian government's complicity in the scheme's continuation, citing the involvement of high-ranking officials and a lack of investigation despite numerous murders linked to the case. He claims that the scheme continues to operate from Sofia, actively evading justice and potentially laundering money through a new cryptocurrency, OES.

theglobeandmail.com

🌐 85% Global Worthiness

Jan 2, 22:08

Do Kwon Pleads Not Guilty to Fraud Charges in TerraUSD, Luna Collapse

Do Kwon, the founder of Terraform Labs, pleaded not guilty in Manhattan federal court on Thursday to nine counts of fraud, including securities fraud, wire fraud, commodities fraud and money laundering conspiracy, stemming from the collapse of his TerraUSD and Luna cryptocurrencies, which resulted i...

Do Kwon Pleads Not Guilty to Fraud Charges in TerraUSD, Luna Collapse

Do Kwon, the founder of Terraform Labs, pleaded not guilty in Manhattan federal court on Thursday to nine counts of fraud, including securities fraud, wire fraud, commodities fraud and money laundering conspiracy, stemming from the collapse of his TerraUSD and Luna cryptocurrencies, which resulted i...

Progress

40% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the key charges against Do Kwon, and what immediate consequences has he faced?

Do Kwon, the founder of Terraform Labs, pleaded not guilty to nine criminal fraud charges related to the collapse of his TerraUSD and Luna cryptocurrencies, which resulted in an estimated $40 billion in losses. He was extradited from Montenegro and is currently detained, awaiting a January 8 court appearance.

cnnespanol.cnn.com

🌐 85% Global Worthiness

Dec 27, 04:07

FTX Executives Receive Reduced Prison Sentences for Good Conduct

Former FTX executives Ryan Salame and Caroline Ellison received reduced prison sentences due to good conduct, with Salame's release date moved to March 1, 2031, and Ellison's to July 20, 2026, highlighting the impact of inmate behavior on sentence length.

FTX Executives Receive Reduced Prison Sentences for Good Conduct

Former FTX executives Ryan Salame and Caroline Ellison received reduced prison sentences due to good conduct, with Salame's release date moved to March 1, 2031, and Ellison's to July 20, 2026, highlighting the impact of inmate behavior on sentence length.

Progress

40% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the specific impacts of the reduced prison sentences for Salame and Ellison, and what does this reveal about the US prison system?

Ryan Salame's and Caroline Ellison's prison sentences for their roles in the FTX cryptocurrency fraud have been reduced. Salame, a former FTX executive, will be released on March 1, 2031, over a year earlier than initially scheduled. Ellison, former Alameda Research CEO, will be released on July 20, 2026, three months ahead of schedule.

Showing 13 to 24 of 25 results