News list for "U.S. division"
According to the official website of the Department of Justice, Profit Connect founder Brent C. Kovar is accused of using artificial intelligence mining as a guise to commit cryptocurrency investment fraud, illegally absorbing $24 million in funds, involving at least 400 investors. Prosecutors allege that Kovar promised a fixed annual rate of return of 15% -30% and falsely claimed that the investment was covered by FDIC insurance. The actual funds were used to pay old investors, buy houses, give...
The Department of Justice (DOJ) announced Monday that a federal judge in Wichita, Kansas, has ordered millions of dollars seized by the government to be returned to investors affected by the collapse of Heartland Tri-State Bank (HTSB). The DOJ explained: After a $47.10 million cryptocurrency scheme led to the collapse of a Kansas bank, a federal judge at a compensation hearing ordered millions of dollars seized by the government to be distributed to investors who suffered financial losses.
The Department of Justice has indicted Aleksei Andriunin, founder and CEO of crypto financial services company Gotbit, on charges of wire fraud and conspiracy to commit market manipulation. Aleksei Andriunin, a Russian citizen living in Portugal, was arrested on October 16. Court documents show that Gotbit provided market manipulation services to create artificial trading volumes for multiple cryptocurrency companies, including those based in the United States, in order to list cryptocurrencies ...
On October 9, the Department of Justice told a federal judge that the Justice Department is considering a proposal to force Google to sell some of its businesses in order to mitigate the damage caused by its monopoly on the online search market. In a court filing on Tuesday, the Justice Department said Judge Amit Mehta could also force Alphabet to provide information used to build search results and artificial intelligence products.
The Department of Justice today released an indictment charging Malone Lam, 20, and Jeandiel Serrano, 21, with conspiring to steal and launder more than 4,100 bitcoins, worth approximately $230 million. It is reported that the two suspects were arrested last night and will appear in U.S. District Court for the Southern District of Florida and the Central District of California. The indictment alleges that, starting in August 2024, Lam, Serrano, and their associates fraudulently obtained the vict...
The Department of Justice (DOJ) recently announced that Geoffrey K. Auyeung, a resident of Newcastle, Wash., has been indicted in connection with a cryptocurrency money laundering scheme, facing "conspiracy to launder money, and nine counts of launder money by concealment or expenditure." Auyeung, who was arrested on Aug. 12, defrauded investors by posing as an escrow agent for oil and gas investments, then transferred client funds to accounts under his control, the DOJ said. "Once...
The Department of Justice (DOJ) paid Coinbase $32.50 million to dispose of the confiscated cryptocurrency using its custody and trading services.
The Department of Justice (DOJ) announced Friday that Robert Wesley Robb, a 46-year-old man from Colorado, pleaded guilty to wire fraud by deceiving investors with a false promise Maximum Extractable Value (MEV) cryptocurrency trading robot. Robb solicited investments through social media, claiming high returns and forcing individuals to invest quickly. On September 8, 2023, an investor from Virginia transferred $100,000 to Robb. Later, Robb used another investor...
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