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Showing 341 - 350 of 416 results for "Crypto"

Crypto exchange owners charged

KARREN VERGARA  |  THURSDAY, 8 OCT 2020
The founders of derivatives cryptocurrency exchange BitMEX are facing criminal charges for allegedly violating anti-money laundering laws and basic compliance procedures. The Commodity Futures Trading Commission (CFTC) has charged co-founders Arthur ...

CSIRO contractor in crypto scam

ELIZABETH MCARTHUR  |  MONDAY, 21 SEP 2020
A CSIRO contractor has been sentenced over fraudulent behaviour after he used the organisation's servers and supercomputers to carry out cryptocurrency mining. He was caught out after the CSIRO noticed serious impairment of its computing infrastructure ...

Rapper charged over crypto scandal

ALLY SELBY  |  MONDAY, 14 SEP 2020
US rapper and actor T.I. is one of five individuals charged over his role in a fraudulent cryptocurrency offering, after the Securities and Exchange Commission found he had promoted and sold tokens on his social media accounts. Clifford Harris Jr, better ...

ASIC bans crypto scammer

ALLY SELBY  |  FRIDAY, 4 SEP 2020
ASIC has banned a former national representative of a cryptocurrency investment scheme from financial services for seven years, after it was found he engaged in misleading or deceptive conduct. New South Wales based John Louis Anthony Bigatton has copped ...

Fake pastor herds believers into Ponzi scheme

ELIZABETH MCARTHUR  |  MONDAY, 31 AUG 2020
A man claiming to be a pastor in the US has been charged over a Ponzi scheme that targeted African immigrants, particularly those of faith. The US Securities and Exchange Commission (SEC) charged two companies based in Maryland for the scheme that allegedly ...

Facebook, Google face crypto class action

ANNABELLE DICKSON  |  WEDNESDAY, 26 AUG 2020
... revenue. The advertising bans were aimed to reduce the risk of initial coin offering scams to investors but ended up dropping crypto markets by hundreds of billions of dollars and leading crypto exchange volumes to drop by 60-90%. Facebook loosened its ...

ACCC flags dangers of ERS

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 AUG 2020
The Australian Competition and Consumer Commission (ACCC) has told Financial Standard that the nature of superannuation scams is shifting, having seen a 55% increase in cases of identity theft. The ACCC's national scam awareness week this year is focussed ...

Watchdog warns of celebrity-endorsed bitcoin scams

ALLY SELBY  |  THURSDAY, 30 JUL 2020
... marketing of financial products is a key indicator of a scam, the corporate watchdog said, pointing to fake websites posing as crypto trading robots and cryptocurrency "pump-and-dump" scams as two key major concerns. A trading bot is a software program ...

Disgraced lobbyist charged

ALLY SELBY  |  FRIDAY, 26 JUN 2020
A disgraced American lobbyist, businessman and movie producer, who was played by actor Kevin Spacey in a movie about his life, has been charged over his role in a fraudulent bitcoin scheme. Jack Abramoff, who in 2006 was sentenced to six years in federal ...

Crypto investment opportunities outright scams: ASIC

ALLY SELBY  |  THURSDAY, 25 JUN 2020
... tactics in new and sophisticated ways to target people," he said. "We are seeing a spike in reports of scams related to fake crypto-assets (or cryptocurrencies), term deposits, investments and scams that start via romance sites." In particular, the corporate ...