Fraud

Unicoin Hit With SEC Charges Over $100M Fraud Scheme

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Unicoin Hit With SEC Charges Over $100M Fraud Scheme

The US Securities and Stock Exchange Committee (SEC), based in New York and three senior executives, was accused with defrauding investors through misleading and incorrect data. SEC’s complaint details how the company attracted more than 5,000 investors through aggressive marketing campaigns. At the same time, there were fraudulent claims about setting a distinctive symbol to … Read more

Woman Sentenced To Nearly 10 Years For $5.7M Fraud Against Bybit In Singapore

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The Singapore Court sentenced Ho Kai Shen to approximately 10 years in prison for defrauding a $ 5.7 million encryption currency by manipulating salary statements. The 33-year-old, who admitted that he was guilty of 44 charges-including cheating and dealing with criminal revenues-has acquired the prison sentence for nine years and 11 months, according to what … Read more

Safemoon executive pleads guilty in $200M fraud case as project pivots to memecoin strategy

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Safemoon executive pleads guilty in $200M fraud case as project pivots to memecoin strategy

Thomas Smith, the chief technology official at the former Safemoon Company (CTO), has acknowledged that he is guilty of charges related to a $ 200 million fraud scheme linked to the controversial encryption project. On February 20 / at the time, the project rejected fears as an unfounded fear, uf and doubt (FUD). However, Smith … Read more