OneCoin scam co-founder faces 60 years jail
After pleading guilty to the $4B OneCoin scam, the co-founder of the fraudulent scheme face a 60-year jail term and is set to be sentenced in April 2023. The co-founder of the multi-billion dollar fraudulent cryptocurrency scam OneCoin, Karl Sebastian Greenwood, has admitted guilt to many counts filed by the US Department of Justice (DOJ) […]
Jeremy Spence aka “Coin Signals” gets 42 months in jail for crypto fraud
On May 11, Jeremy Spence a crypto trader was sentenced to 42 months in prison for operating a series of crypto funds that scammed around $5M from 170 investors who were unaware their crypto was used to fund a Ponzi scheme. The DOJ claimed that Jeremy Spence, 25, had defrauded investors out of millions of […]
Abu Dhabi court sentences 9 accused in crypto money laundering to Jail
Using crypto as a means of money laundering is gradually becoming a thing and countries are not taking regulations against it lightly. An Abu Dhabi court in this light has sentenced nine individuals to jail. A criminal court in Abu Dhabi convicted nine crypto money launderers to a decade in prison and punishment of Dh10 […]
Former investment banker jailed for fraud secures employment in a crypto firm
According to a media story, a former investment banker who was jailed for Britain’s largest attempted cash fraud has been released and is been employed in a cryptocurrency firm under a new name. According to a media report, Jagmeet Channa, who was convicted of mishandling accounts while working at HSBC’s Canary Wharf headquarters, now works […]