The SEC alongside the DOJ, has levied serious charges against key figures in a $1.9 billion cryptocurrency fraud scheme involving Hyperfund. SEC and DOJ Crack Down on $1.9 Billion Hyperfund Crypto Fraud The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have taken major legal action against individuals involved in a massive $1.9 billion … [Read more...] about SEC, DOJ Charge Individuals in $1.9 Billion Hyperfund Cryptocurrency Fraud
DOJ
Crypto tumblers, exchanges under microscope as DOJ launches new task force
The White House, under the Biden-Harris administration, introduced a five-pillar strategy to counter corruption as a part of the core United States national security interest. The strategy involves establishing a new task force to address potential illicit activities on crypto exchanges and other services that can serve as avenues for money laundering.With the motive to enhance … [Read more...] about Crypto tumblers, exchanges under microscope as DOJ launches new task force
DOJ to Sell $56M in Crypto Proceeds From BitConnect Fraud Scam
A U.S. federal judge is allowing the U.S. Department of Justice to liquidate approximately $56 million in proceeds seized from Glenn Arcaro, the lead promoter of a crypto lending program that defrauded thousands of investors out of an estimated $2 billion. Source link … [Read more...] about DOJ to Sell $56M in Crypto Proceeds From BitConnect Fraud Scam
DOJ to Hire Director for Its Crypto Enforcement Unit
The job, which will command a salary of between $144,128 and $172,500 depending on an applicant’s experience, will also require consulting with United States Attorney’s Offices and investigative agencies involved in crypto investigations, and working with state and local law enforcement agencies. Source link … [Read more...] about DOJ to Hire Director for Its Crypto Enforcement Unit