The Ohio man is charged with running a Bitcoin mixer to launder over $300m—now worth $3.6b—on behalf of Dark Net crooks trying to hide out.
Tag Archives: Money Laundering
Cybercrooks busted for multimillion-dollar identity fraud
Organizations were attacked for employees’ data, including names, addresses and birthdates used to set up hundreds of bank accounts.
Cardplanet mastermind pleads guilty to credit card fraud
Cardplanet offered refunds on invalid card data, along with a card checking service that ensured a stolen card was still valid.
OneCoin crypto-scam lawyer found guilty of worldwide $400m fraud
A lawyer who boasted of making “50 by 50” – as in, $50m by the age of 50 – is now facing a potential 50+ years behind bars.
Crypto Capital boss arrested over money laundering
Bitfinex says the payment processor has $880M of the cryptocurrency exchange’s “lost” funds. Polish authorities seized $390m of it.
Tiny Pacific nation forges ahead with national cryptocurrency
The Marshall Islands is facing rising seas and financial isolation. But critics say their get-rich-quick cryptocurrency scheme won’t work.
US charges 80 in world-spanning romance scam and email fraud ring
The $6m scam targeted women worldwide and victimized more than a dozen companies.
Scammers recruiting money mules on dating sites is on the rise, says FBI
It’s not longer enough to be wary of flash-in-the-pan “lovers” who ask you to send money; now they’re asking you to open accounts for them.
US chases fraudulent bitcoin exchange BTC-e for $100m
Two years ago, the US government fined an international cybercriminal and his fraudulent bitcoin exchange over $100m. Now, it’s going after them for the money.
Cryptocoin theft, scam and fraud could total more than $1.2b in Q1
Crooks have developed “ingenious” new ways to drain user accounts and wallets, CipherTrace says, prodding regulators into action.