Fraud

Do Kwon May Change Plea in US Fraud Case, Judge Schedules Tuesday Hearing

2025-08-12

By: Elite Crypto News

On: August 12, 2025

In: Fraud, Law, TerraUSD

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

Crypto Conman Behind AML Bitcoin Gets 7 Years for $10M Fraud Scheme

2025-07-31

By: Elite Crypto News

On: July 31, 2025

In: Bitcoin, Fraud, Law

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