The New York Attorney General Letitia James filed charges against Celsius Network founder Alex Mashinsky, alleging that he defrauded investors out of billions of dollars in digital currency by hiding the weak health of his now-bankrupt cryptocurrency lending platform. Mashinsky continued to promote Celsius as a safe alternative to banks and paid up to 17% interest on deposits while hiding hundreds of millions of dollars in losses in risky investments, according to the lawsuit.
A 58-year-old Austrian and his 81-year-old father caused enormous damage amounting to 13 million euros throughout the EU with fraudulent Bitcoin trading. The men allegedly ripped off more than 100 victims to the tune of €13 million by promising high returns. The invested capital allegedly was dealt with by professional "traders" for trading on crypto exchanges.
The most spectacular fraud in German economic history is the Wirecard bankruptcy. The main defendant is former CEO, Markus Braun. On the other hand, one of the prominent masterminds of the scandal, Jan Marsalek, is living comfortably in Russia.
Michael Pratt had absconded from the U.S. in 2019 while a case was ongoing and was among the "top 10" on the FBI's wanted list. X-Mas started earlier this year for the victims of "Girls Do Porn". That's what the lawyer for the 22 plaintiffs who took legal action against the operators of the now-defunct porn site told Motherboard. That's because one of the operators, Michael Pratt, has now been arrested in Spain after years on the run.
Eva Kaili, the former vice president of the European Parliament admitted to instructing her father to hide large amounts of cash. The Greek member of the European parliament at the center of a cash-for-influence scandal implicating Qatar will remain in jail pending trial, a Belgian court has decided on Thursday. Kaili is one of four people who have been charged with corruption and money laundering in the case.
Sam Bankman-Fried (SBF), the FTX founder and former CEO was extradited to the U.S. from the Bahamas and brought before the court. He was released on $250 million bail. Earlier, his former partners and alleged accomplices in the FTX fraud, Caroline Ellison, and Gary Wang, pleaded guilty and announced their cooperation with U.S. authorities. In addition to the criminal charges, the two U.S. regulators, the CFTC and SEC, have also brought fraud charges against the three.
Criminal proceedings may be conducted against Peter Marti, the special investigator in the leak of the federal crypto affair. The Department of Justice and Police (FDJP) has given the go-ahead for this because it cannot be ruled out that the criminal offences Marti is accused of have been committed.
The Israeli Gal Barak and his German partner Uwe Lenhoff were arrested in early 2019. They were the leaders of two closely cooperating international...
Europol announced that an international law enforcement campaign called Operation Power Off has shut down approximately fifty of the world's most extensive booter services that allow users to launch crippling distributed denial of service (DDoS) attacks. Law enforcement agencies in the United States, the United Kingdom, the Netherlands, Poland, and Germany are cracking down on these attacks that can cripple the Internet.
