ICO Scammer Pleads Guilty To Defrauding Investors

Crime, News | November 16, 2018 By:

Maksim Zaslavskiy, who is charged in the first fraud prosecution involving initial coin offerings (ICO), has pleaded guilty to defrauding investors.

Zaslavskiy was charged last year with promoting ICO tokens backed by investments in real estate and diamonds that didn’t actually exist. Zaslavskiy reportedly raised at least $300,000 in two ICO tokens –

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CFTC Orders Bitcoin Trader To Pay $1.1M USD For Fraudulent Crypto Scheme

Crime, News | November 13, 2018 By:

An Arizona-based crypto trader has been fined $1.1 million by the US Commodity Futures Trading Commission (CFTC) for stealing cryptocurrencies from his previous employer, Chicago-based trading firm Consolidated Trading.

The CFTC issued an Order filing and settling charges against Joseph Kim for orchestrating a fraudulent cryptocurrency scheme that led to more than $1 million in losses.

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Bulgarian Officials Arrested For Selling Fake Passports For Bitcoin

Crime, News | November 6, 2018 By:

Three Bulgarian officials have been arrested for allegedly selling fake passports and European Union citizenship for bitcoins.

Local news outlet Nova reported that Petar Haralampiev, Chief Secretary and the Head of the State Agency for Bulgarians Abroad (SABA), General Secretary Krasimir Tomov, and Mark Stoyov have been detained by Bulgarian police and charged with selling EU passports to more than 30 people a week.

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