News list for " court order"

Indian court orders removal of scam website using cryptocurrency exchange Mudrex name

Cryptocurrency exchange Mudrex has obtained a court order ordering India's Ministry of Communications to shut down as many as 38 websites using the company's name to commit fraud. The Delhi High Court handed down its verdict on August 23, one day after the petition was filed, giving the ministry a week to execute. After about 15 people contacted customer support or came to the Bangalore office to report that they had been scammed, Mudrex filed a lawsuit in court. "We estimate that the actual sca...

clock
2024-08-29 17:53:53
Federal court orders Jafia LLC and Sam Ikkurty to pay $84 million to settle fraud charges

A federal court in Illinois has ordered cryptocurrency hedge fund Jafia LLC and its owner, Sam Ikkurty, to pay $84 million to settle allegations of "Ponzi-like" cryptocurrency fraud by the Commodity Futures Trading Commission.

clock
2024-07-03 11:22:08