The United States Securities and Exchange Commission (SEC) has filed a lawsuit against a prominent crypto executive, accusing them of orchestrating a fraudulent scheme that allegedly defrauded investors of $198 million. The SEC claims the executive misled investors by making false statements about the company’s financial health and the safety ...
The Vermont Department of Financial Regulation (DFR) has issued a warning to residents in the State about the increasing prevalence of cryptocurrency fraud on social media platforms. In a recently released report, the agency highlighted the urgent for caution while using social media and shared the unfortunate experience of a ...
The Federal Bureau of Investigation (FBI) has issued a public announcement warning Americans residing overseas or travelling abroad about a fraudulent crypto job advertisement. On May 22, 2023, the FBI alerted individuals to deceptive employment ads linked to labour trafficking in Southeast Asia. According to the FBI, victims have been ...
Rashawn Russell, a former investment banker and registered broker, has been accused of defrauding multiple investors by a federal court in Brooklyn, New York. According to court documents, Russell tricked investors into making fake cryptocurrency investments by promising high returns and then used the money for personal expenses. He allegedly ...
