by AdrianaAMLP | Jul 8, 2024
Artur Schaback, 36, of Tallin, Estonia, used Paxful Inc. to operate Paxful, an online peer-to-peer virtual currency platform and money transmitting business where customers negotiated for and traded virtual currency for a variety of other items, including fiat...
by Jyotsna Bucktowar | Jul 3, 2024
Two US men admitted guilt for conspiring with bankers to deliberately avoid implementing necessary AML controls at a Missouri bank, violating the Bank Secrecy Act (BSA).The bank had to file currency transaction reports with FinCEN for transactions over...
by Jyotsna Bucktowar | Jul 2, 2024
Principal Deputy Assistant Attorney General Nicole M. Argentieri announced that Shane Hampton, Michael Kane, and others deceived investors by manipulating their company’s cryptocurrency prices through a trading bot. This landmark federal trial marked the first...
by Jyotsna Bucktowar | Jul 2, 2024
The government has pinpointed 28 victims from the U.S. who fell victim to deception and fraud through two phases. Initially, individuals posing as SEC officials contacted victims, alleging their bank accounts or identities were compromised. Victims were directed to...
by Jyotsna Bucktowar | Jun 10, 2024
Three defendants are charged with inflating non-fungible token prices using false claims about a video game and funneling profits to personal accounts, a violation the FBI is committed to pursuing perpetrators…
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