Jingliang Su obtained 46 months for laundering $37M stolen through worldwide “pig butchering” scams that focused 174 People. The group used shell firms and a Bahamas financial institution to transform stolen money into Tether, which was then despatched to Cambodian rip-off facilities. Su should pay $26.8M in restitution after pleadingContinue Reading
Rodney “Bitcoin Rodney” Burton seeks launch from US custody, claiming he was unknowingly drawn into Sam Lee’s alleged $3B HyperVerse Ponzi scheme. Courtroom filings argue Burton carried out in depth due diligence, travelling internationally, however was misled by elaborate deception together with pretend places of work and actors posing asContinue Reading
Christopher Flinos, the former head of the collapsed crypto firm Hayvn, has resurfaced as a mortgage broker in suburban Melbourne after being banned from financial services roles in the Cayman Islands and Abu Dhabi for fraud and money laundering violations. Regulators in the UAE and the Cayman Islands found thatContinue Reading
Eddy Alexandre and his platform EminiFX have been ordered to repay US$228.5M (AU$351.7M) to investors. An additional US$15M (AU$23.1M) in disgorgement has been imposed personally on Alexandre. The civil court ruling comes after Alexandre was sentenced to nine years in federal prison. A New York federal judge has directed EddyContinue Reading
Do Kwon may change his plea in the US fraud case concerning TerraUSD’s 2022 collapse. Kwon faces nine felony counts including securities fraud, market manipulation, money laundering, and wire fraud. This plea hearing may influence related cases in South Korea where Kwon also faces charges. Terraform Labs co-founder Do KwonContinue Reading
Rowland Marcus Andrade, founder of AML Bitcoin, was sentenced to seven years in prison for wire fraud and money laundering, after defrauding investors of roughly $10 million. Andrade made false claims, like AML Bitcoin being accepted by the Panama Canal Authority, and used over $2 million of investor funds forContinue Reading
