Chinese Billionaire's Alleged Fraud Scheme Unravels
Chinese billionaire Ho Wan Kwok faces RICO charges, with his cryptocurrency venture embroiled in a multimillion-dollar fraud and money laundering scandal.
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Chinese billionaire Ho Wan Kwok faces RICO charges, with his cryptocurrency venture embroiled in a multimillion-dollar fraud and money laundering scandal.
India's investigative agency Enforcement Directorate (ED) has arrested Ajay Bhardwaj's brother-in-law Nitin Gaur for his alleged role in the multi-billion-dollar GainBitcoin Ponzi scheme.
In a move to combat telephone fraud, a law enforcement agency recently executed an operation that led to the apprehension of two individuals, aged 20 and 33. The arrests took place in a public facility, and the suspects are currently under investigation for their involvement in a series of fraudulent activities.
Special Investigation Team conducted raids in 41 locations and arrested one key suspect for India's multi-million crypto scam.
India CBI has arrested an individual from Ahmedabad in connection to a $0.93 million cryptocurrency fraud.
The scam of JPEX is heavily dependent on the “celebrity effect” to infiltrate various platforms, channels, and even different regions for promotion.
Ex-CEO of IcomTech Marco Ruiz Ochoa entered a guilty plea on 27 September. His plea is directly tied to his involvement in a Ponzi scheme orchestrated by IcomTech.
The scheme swindled at least 29 investors out of more than $1.3 million, according to the CFTC.
Lee Jung-hoon will not go to prison after Judge Kang Gyu-Tae proclaimed him not guilty of committing fraud.
Still, on the ongoing FTX fiasco, the embattled crypto exchange has got it hot from all corners.