欺诈
42,049 views
9 Discussing
Hot
Latest
See original
👨⚖️Do Kwon Pleads Not Guilty to Terra Ecosystem Collapse During US Cryptocurrency Trial
After a lengthy battle, Terraform Labs co-founder Do Kwon was granted extradition to the United States by Montenegrin authorities in late December. On January 2, Do Kwon appeared in court in the United States but pleaded not guilty to fraud charges related to the $40 billion collapse of the TerraUSD (UST) stablecoin.
Do Kwon was questioned by U.S. District Judge Robert Lehrburger in Manhattan and agreed to remain in detention without bail.
Currently, Do Kwon faces nine charges, including wire, securities, and commodities fraud, all related to his role in bringing down the company after the price of Terraform Labs tokens LUNA and UST plummeted.
Back in March 2023, Do Kwon was arrested in Montenegro for attempting to travel using a fake passport. Since then, he has remained in Montenegro while U.S. and South Korean authorities have been fighting over who to charge him. Both countries have accused him of fraud, with South Korea seeking his extradition due to his citizenship.
Do Kwon had tried to avoid extradition to the United States through legal means, as South Korea generally imposes lighter penalties for financial crimes. However, the Constitutional Court of Montenegro rejected his appeal on December 26, and a few days later, the Montenegrin Minister of Justice signed an extradition order. On December 31, Montenegrin police handed Do Kwon over to US authorities at Podgorica International Airport.
Now, New York prosecutors accuse Do Kwon of misleading investors about the capabilities and adoption rate of the Terra blockchain, which directly led to the catastrophic collapse of the platform.
Notably, the Manhattan U.S. Attorney's Office, which successfully prosecuted FTX co-founder Sam Bankman-Fried last year, is also handling Do Kwon's case.
Do Kwon was previously found liable by a U.S. jury in a civil fraud case brought by the U.S. SEC and agreed to a $4.47 billion settlement, after which Terraform Labs had to file for bankruptcy.
Do Kwon’s lawyer declined to comment after the hearing. Meanwhile, the next court session is scheduled for January 8, and this case could set the stage for a high-profile cryptocurrency trial in the Southern District of New York.
As Do Kwon’s case continues to unfold in court, it is not only his personal battle, but also the focus of close attention from the entire cryptocurrency world.
#Terra #DoKwon #欺诈
After a lengthy battle, Terraform Labs co-founder Do Kwon was granted extradition to the United States by Montenegrin authorities in late December. On January 2, Do Kwon appeared in court in the United States but pleaded not guilty to fraud charges related to the $40 billion collapse of the TerraUSD (UST) stablecoin.
Do Kwon was questioned by U.S. District Judge Robert Lehrburger in Manhattan and agreed to remain in detention without bail.
Currently, Do Kwon faces nine charges, including wire, securities, and commodities fraud, all related to his role in bringing down the company after the price of Terraform Labs tokens LUNA and UST plummeted.
Back in March 2023, Do Kwon was arrested in Montenegro for attempting to travel using a fake passport. Since then, he has remained in Montenegro while U.S. and South Korean authorities have been fighting over who to charge him. Both countries have accused him of fraud, with South Korea seeking his extradition due to his citizenship.
Do Kwon had tried to avoid extradition to the United States through legal means, as South Korea generally imposes lighter penalties for financial crimes. However, the Constitutional Court of Montenegro rejected his appeal on December 26, and a few days later, the Montenegrin Minister of Justice signed an extradition order. On December 31, Montenegrin police handed Do Kwon over to US authorities at Podgorica International Airport.
Now, New York prosecutors accuse Do Kwon of misleading investors about the capabilities and adoption rate of the Terra blockchain, which directly led to the catastrophic collapse of the platform.
Notably, the Manhattan U.S. Attorney's Office, which successfully prosecuted FTX co-founder Sam Bankman-Fried last year, is also handling Do Kwon's case.
Do Kwon was previously found liable by a U.S. jury in a civil fraud case brought by the U.S. SEC and agreed to a $4.47 billion settlement, after which Terraform Labs had to file for bankruptcy.
Do Kwon’s lawyer declined to comment after the hearing. Meanwhile, the next court session is scheduled for January 8, and this case could set the stage for a high-profile cryptocurrency trial in the Southern District of New York.
As Do Kwon’s case continues to unfold in court, it is not only his personal battle, but also the focus of close attention from the entire cryptocurrency world.
#Terra #DoKwon #欺诈
See original
Miami Cryptocurrency Fraud Case Ended, Fraud Leader Sentenced to 63 Months in Prison
Miami gang leader Esteban Cabrera Da Corte was sentenced to 63 years by a New York federal court for masterminding a cryptocurrency scam that defrauded a U.S. bank and a well-known exchange of more than $4 million. months in prison.
The scheme involved fraudulent chargebacks in which financial institutions were tricked into reimbursing criminals who used stolen personal data to impersonate others.
US banks and cryptocurrency exchanges were fooled
Esteban Cabrera Da Corte, also known as "Esteban Cabrera" and "Steban," led a scheme from at least 2020 through March 2020, according to an investigation conducted by the U.S. Department of Justice (DOJ).
The scheme involved fraudulent chargebacks in which financial institutions were tricked into reimbursing criminals who used stolen personal data to impersonate others.
US banks and cryptocurrency exchanges were fooled
Esteban Cabrera Da Corte, also known as "Esteban Cabrera" and "Steban," led a scheme from at least 2020 through March 2020, according to an investigation conducted by the U.S. Department of Justice (DOJ).
See original
Former genius boy may be sentenced to 40 years in prison!
Shock! Former crypto billionaire Sam Bankman-Fried (SBF) could face 40-50 years in prison!
The 32-year-old “genius” is accused of defrauding investors and customers at the cryptocurrency exchange he ran, FTX, stealing billions of dollars.
Prosecutors said SBF used his influence and wealth to orchestrate a years-long fraud scheme that ultimately led to FTX's bankruptcy and the loss of tens of thousands of investors.
They considered SBF's crimes "one of the largest financial frauds in history."
Review events:
In November 2022, SBF was charged and found guilty on seven counts, including fraud and money laundering.
Prosecutors believe SBF deliberately defrauded investors and clients and used its authority to divert funds for personal investments and political donations.
SBF denies all charges and says it is innocent.
Sentencing will be announced on March 28.
#SBF #FTX #加密货币 #欺诈 #热门话题
Shock! Former crypto billionaire Sam Bankman-Fried (SBF) could face 40-50 years in prison!
The 32-year-old “genius” is accused of defrauding investors and customers at the cryptocurrency exchange he ran, FTX, stealing billions of dollars.
Prosecutors said SBF used his influence and wealth to orchestrate a years-long fraud scheme that ultimately led to FTX's bankruptcy and the loss of tens of thousands of investors.
They considered SBF's crimes "one of the largest financial frauds in history."
Review events:
In November 2022, SBF was charged and found guilty on seven counts, including fraud and money laundering.
Prosecutors believe SBF deliberately defrauded investors and clients and used its authority to divert funds for personal investments and political donations.
SBF denies all charges and says it is innocent.
Sentencing will be announced on March 28.
#SBF #FTX #加密货币 #欺诈 #热门话题
See original
US Department of Justice indicts two suspects in cryptocurrency Ponzi scheme using artificial intelligence
This article briefly:
•Two people have been charged in connection with a $25 million cryptocurrency Ponzi scheme that defrauded investors with false promises of high returns.
•David Gilbert Saffron and Vincent Anthony Mazzotta allegedly used multiple aliases to embezzle funds for a lavish lifestyle.
•The charges include wire fraud, money laundering and obstruction of justice, highlighting the importance of combating cryptocurrency-related fraud.
An Australian and a Californian are facing charges in connection with an alleged fraudulent cryptocurrency Ponzi scheme that amassed more than $25 million in ill-gotten gains.
•Two people have been charged in connection with a $25 million cryptocurrency Ponzi scheme that defrauded investors with false promises of high returns.
•David Gilbert Saffron and Vincent Anthony Mazzotta allegedly used multiple aliases to embezzle funds for a lavish lifestyle.
•The charges include wire fraud, money laundering and obstruction of justice, highlighting the importance of combating cryptocurrency-related fraud.
An Australian and a Californian are facing charges in connection with an alleged fraudulent cryptocurrency Ponzi scheme that amassed more than $25 million in ill-gotten gains.
See original
Hong Kong police arrest cryptocurrency exchange employee for suspected fraud
Three employees of a cryptocurrency exchange in Tsim Sha Tsui have been detained for allegedly defrauding a customer using fake ghost money.
Hong Kong police have detained three employees of a currency exchange shop suspected of engaging in fraudulent activities.
Previously, a customer at the store reported encountering a pile of "ghost money" when executing a cryptocurrency transfer worth about HK$1 million.
Hong Kong authorities arrest 3 for suspected cryptocurrency fraud
On Wednesday, Hong Kong's Technology Crime Department arrested three individuals aged between 31 and 34. Authorities seized 3,000 ghost money notes, a safe and a money counting machine from a store in Tsim Sha Tsui. Ghost money, which is a traditional Chinese ritual offering to ancestors or gods, was also seized.
Hong Kong police have detained three employees of a currency exchange shop suspected of engaging in fraudulent activities.
Previously, a customer at the store reported encountering a pile of "ghost money" when executing a cryptocurrency transfer worth about HK$1 million.
Hong Kong authorities arrest 3 for suspected cryptocurrency fraud
On Wednesday, Hong Kong's Technology Crime Department arrested three individuals aged between 31 and 34. Authorities seized 3,000 ghost money notes, a safe and a money counting machine from a store in Tsim Sha Tsui. Ghost money, which is a traditional Chinese ritual offering to ancestors or gods, was also seized.
Login to explore more contents