by Jyotsna Bucktowar | Feb 14, 2025
A Las Vegas entrepreneur was convicted of fraud and money laundering for running a $24M cryptocurrency Ponzi scheme, deceiving over 400 investors with false claims of AI-powered crypto mining, guaranteed 30% returns, and FDIC-backed security. Prosecutors revealed...
by Jyotsna Bucktowar | Feb 14, 2025
Initially focused on charity Taylor later shifted CluCoin’s focus to NFTs, gaming, and a metaverse platform. To drive interest, he organized “NFTCon: Into the Metaverse” in Miami in April 2022. Following the event, Taylor accessed the funds from CLU investors and...
by Jyotsna Bucktowar | Feb 13, 2025
The dashboard displayed fake profit data while founders spent the proceeds on luxury properties, vehicles, and investments. They have agreed to forfeit over $400 million in assets which will be used to compensate victims through a remission process. Both pleaded...
by Jyotsna Bucktowar | Feb 7, 2025
Acting Chairman Travis Hill has sent a letter to the (FinCEN) advocating for greater flexibility in certain Customer Identification Program requirements for bank-fintech partnerships. Specifically, Hill supports allowing the collection of just the last four digits of...
Recent Comments