David Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding investors with false promises of profits. His scheme targeted working-class people with the lure of financial freedom through cryptocurrency trading and mining, none of which actually took place. Lavish expos were held to entice more…
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On Monday, April 29, Keonne Rodriguez, co-founder of the non-custodial bitcoin wallet Samourai, entered a plea of not guilty to accusations of operating a money transmitter and engaging in money laundering. Rodriguez secured his release by posting a $1 million bail and will be confined to his residence in Harmony, Pennsylvania, with his movements monitored…
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The U.S. Department of Justice has indicted the founders of Samourai Wallet, Keonne Rodriguez, and William Lonergan Hill, on charges of operating an unlicensed money-transmitting business and laundering over $100 million through illicit transactions. DOJ Indicts Samourai Wallet Founders for Allegedly Operating $100 Million Crypto Laundering Ring According to the indictment unsealed by the Southern…
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The Southern District of New York has announced charges against the global cryptocurrency exchange Kucoin and its founders for major violations of U.S. anti-money laundering laws. Kucoin Faces Legal Firestorm for Alleged Anti-Money Laundering Failures Damian Williams, the United States Attorney for the Southern District of New York, detailed the charges against Kucoin, accusing the…
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The founders of the cryptocurrency mixing service Tornado Cash were charged Thursday with allegedly helping to launder more than $1 billion in digital currency, including funds taken by North Korean hackers. Department of Justice: ‘You Can’t Hide From Us Behind a Keyboard — Whether You’re a Hacker or Facilitator’ Roman Storm and Roman Semenov were…
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Lawyers representing SBF have agreed to a gag order preventing him from making comments that could sway his criminal trial but says it should apply to other witnesses too. Former FTX CEO Sam Bankman-Fried has agreed to a gag order preventing him from making comments to third parties that may interfere with his trial —…
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A court document penned by U.S. Department of Justice attorney Damian Williams alleges FTX co-founder Sam Bankman-Fried released diary excerpts from former Alameda CEO Caroline Ellison. The U.S. attorney asserts that Bankman-Fried intended to discredit the government’s key witness by disseminating the diary content. FTX Co-Founder Allegedly Leaked Caroline Ellison’s Diary Excerpts The U.S. Department…
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On Tuesday, July 11, 2023, the U.S. Attorney’s Office for the Southern District of New York, led by attorney Damian Williams, announced a 20-year prison sentence for Roger Clark. Clark was allegedly the senior advisor to the original Silk Road, an infamous darknet marketplace that operated from 2011 until 2013. Prosecutors from the office reported…
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United States Attorney Damian Williams says the lies of the former Minnesota Vikings co-owner exposed the U.S. financial system to “serious risk.” Reginald Fowler, a former NFL team owner, has been sentenced to six years of prison for operating as a “shadow bank” to the crypto sector, which involved over $700 million in unregulated transactions…
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The alleged fraudster was accused of doing the “exact opposite” of her job title, which was to ensure OneCoin was complying with laws. United States federal prosecutors have charged a former executive of the fraudulent cryptocurrency scheme OneCoin for her role in the operation. Irina Dilkinska now faces up to 40 years in prison after…
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