US SEC Shuts Down Diamond-Related Crypto Ponzi Scheme

Crime, News | May 23, 2019 By:

The US Securities and Exchange Commission (SEC) has halted an ongoing $30 million crypto Ponzi scheme targeting more than 300 investors in the US and Canada.

The agency said Judge Robin L. Rosenberg of the US District Court for the Southern District of Florida granted the SEC’s request for a temporary restraining order and temporary asset freeze against South Florida-based Argyle Coin,


Australia’s Financial Agency Suspends Two Crypto Exchanges Following Organized Crime Investigation

Crime, News, Regulation | March 11, 2019 By:

The Australian Transaction Reports and Analysis Center (AUSTRAC), the country’s financial intelligence agency, has suspended the registrations of two cryptocurrency exchanges, removing their ability to continue to conduct business.

The suspension were issued after a 27-year-old Bulleen man was arrested during the second phase of an Australian Federal Police (AFP) investigation into an organized crime syndicate.