Tags: Financial Crime

The 84-month ruling was handed down by Chief U.S. District Judge Richard Seeborg.

The lawsuit is connected to an investigation of an oil and gas investment fraud scheme.

Over $185,000 in cryptocurrency was sent by Chhipa to ISIS, which he smuggled into Syria through Turkey.

The teenager allegedly styled himself a crypto expert to draw the terror group’s attention, helping it raise $1,300 in the process.

Each felony charge the convicted defendant faces carries a maximum sentence of 20 years in federal prison, along with fines and restitution.

The scam instigator evaded capture for months with the help of his lawyer’s office manager, who arranged plastic surgery and a fake phone.

Chainalysis reported a troubling increase in China-based vendors distributing CSAM, with their share of global inflows peaking at 38.8% in Q1 2024.

A Haru Invest executive facing embezzlement charges was stabbed in court amid his ongoing fraud trial, raising serious security concerns.

The report indicates that although Bitcoin is still favored by ransomware groups, the use of Monero (XMR) as an alternative is increasing.

Tether, the company behind USDT, continues to face growing scrutiny due to alleged connections with major illicit transactions.

The pair, aged 38 and 44, were arrested, questioned, and later released on bail by the FCA, as investigations continue.

Elliptic report reveals AI’s rise in crypto crimes, including deepfake scams, state-sponsored attacks, and sophisticated illicit activities.

Coinbase, Gemini, Kraken, and other industry leaders have joined forces to combat online fraud.

At 23, accused of operating the Incognito Market and extorting users, Rui-siang Lin had also refashioned himself as a crypto crime expert.

FinCEN’s letter suggests that the reported use of cryptocurrency by a militant group may have been overstated.