U.S. Authorities Seek Extradition of Alleged Crypto Scammer

The United States Department of Justice (DoJ) has unsealed a fraud complaint against Swedish citizen Roger Nils-Jonas Karlsson and associated firm Eastern Metal Securities (EMS), according to a press release on June 19.

According to the DoJ Karlsson and EMS are charged with committing securities fraud, wire fraud and money laundering. Specifically,

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India: Police Arrest Suspects in Alleged $14 Million Crypto Scam

Law enforcement in Mumbai, India have exposed a group allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (nearly $17 million), local media outlet The Times of India reports on Feb. 17.

The case reportedly led to the freezing of several accounts in the country and to the arrest of four individuals — Sanjay Sontakke,

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India: Fourth Suspect Arrested Following Alleged $70+ Million Crypto Scam

Indian police have arrested an associate of a group accused of conducting a crypto scam involving 5 billion rupees (about $71.6 million), English-language local media The Indian Express reports Jan. 7.

This is the fourth arrest of the ongoing case and reportedly occurred a year after Thane police uncovered the alleged scam in Mumbai.

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Hodler’s Digest, Oct. 29 – Nov. 4: Rapper T.I., Charlie Shrem Sued Over Alleged Pump-and-Dump, BTC Theft Respectively

 

Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.

Top Stories This Week

US Rapper T.I.

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Crypto Millionaire Lost 5,500 Bitcoins in Alleged Investment Scam

A 22-year-old cryptocurrency millionaire has lost more than 5,500 bitcoins in an alleged investment scam in Thailand – one that drew public attention due to the alleged involvement of a Thai film actor.

According to a media report from Bangkok Post on Monday, a group approached and solicited Finnish businessman Aarni Otava Saarimaa in June 2017 over investment in several Thai stocks,

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Korean Authorities Investigate Alleged Crypto Scam That Promised Investors Shipwreck Gold

South Korean authorities are investigating a possible crypto investment scam involving the Seoul-based Shinil Group as the key figure, Korea JoongAng Daily reported July 31. Shinil Group (Shinil) allegedly promised to pay investors in gold from a sunken Russian shipwreck.

Earlier this month, Shinil announced it had found the Dmitrii Donskoi, a Russian armored cruiser that sank 113 years ago,

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