A series of scam emails sent from Japan have been asking people to donate to the Olympic Games’ organization in Tokyo. The ongoing pandemic forced the postponement of the Olympic Games in Tokyo. This has triggered a series of online crypto-related scams, including an email from alleged members of the International Olympic Committee. In these…
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Sentencing of the lawyer who laundered $400 million for the OneCoin Ponzi scheme has again been postponed. The sentencing of Mark Scott, a licensed attorney who laundered $400 million for the infamous OneCoin Ponzi scheme, has been adjourned until July 14, 2020. On April 25, Judge Edgardo Ramos of the New York Southern District Court…
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Check the bad crypto news of the past week. It’s been a good week for Bitcoin. After languishing at around $6,700, the cryptocoin is up more than 6 percent over the last week to take it above $7,000. And the next halving is now less than three weeks away. Changpeng Zhao is looking further ahead.…
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FLiK investors have opposed Kevin Hart’s motion to dismiss their $7 million lawsuit against him for promoting a fraudulent ICO in 2017. Investors who participated in the FLiK initial coin offering, or ICO, in 2017 have opposed entertainer Kevin Hart’s bid to have the $7 million lawsuit dismissed. The 25 investors claim that they collectively…
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British reality TV star-turned-presenter, Rylan Clark-Neal, has warned his Twitter followers of fraudulent interviews claiming he made millions from Bitcoin. British TV presenter and former X-Factor star, Rylan Clark-Neal, alerted his followers as to “fake interview” claiming that Rylan had made “millions from Bitcoin.” On April 18, the former Celebrity Big Brother star tweeted that…
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Malaysian authorities have arrested 14 Chinese men for operating a Bitcoin investment scam and violating the Immigration Act. Malaysian police have arrested 14 Chinese men for their involvement in a Bitcoin (BTC), scam targeting investors in their home country. Assistant Commander, Dzulkhairi Mukhatar, stated that the arrests took place on April 18, following two-months of…
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A Florida resident has been charged by the CFTC for raising $1.6 million through a fraudulent cryptocurrency and forex trading scam. The United States Commodity Futures Trade Commission (CFTC) has filed a complaint against Florida resident Alan Friedland for fraudulently raising $1.6 million through a cryptocurrency tied to a forex trading scheme. The April 16…
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The Philippines Securities and Exchange Commission has flagged its third cryptocurrency scam this month, warning investors against a scheme dubbed “The Billion Coin.” The Philippines Securities and Exchange Commission (SEC) has flagged its third cryptocurrency scam this month, warning investors against a scheme dubbed “The Billion Coin” (TBC). Marketed as a so-called “abundance-based cryptocurrency,” the…
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New Zealand police flag fraudsters threatening victims with the release of sensitive information about porn consumption if they don’t pay ransom in BTC. New Zealand police issued an alert on April 13 regarding a crypto-related scam that threatens victims with release of information on their porn use. According to a report published in the NZ…
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A Chicago businessman has been sued over allegedly misappropriating more than $2 million in funds ostensibly for cryptocurrency trading. A trust has sued businessman, Brock Flagstad, over allegedly misappropriating over $2 million in funds that were purportedly designated for cryptocurrency trading. Despite Flagstad soliciting the funds for the purpose of digital asset trading, the James…
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