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Fraud
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Polish prosecutors charge fifth suspect in crypto exchange BitBay (rebranded as Zondacrypto) collapse probe, with customers facing at least $94 million in losses
Polish prosecutors have charged Roman Ż., a former business partner of BitBay founder Sylwester Suszek, with fraud and another undisclosed offense. This marks at least the fifth person charged in the
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Hong Kong District Court Sets Trial Date for Alleged Illegal Short Selling and Securities Fraud Case
Hong Kong District Court Sets Trial Date for Alleged Illegal Short Selling and Securities Fraud Case
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Federal prosecutors have charged William Sarris, founder of private investment firm Linqto, with defrauding tens of thousands of investors.
Federal prosecutors have accused William Sarris, founder of private investment firm Linqto, of defrauding tens of thousands of investors by selling them pre-IPO company shares through fabricated scarc
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Dodgers Owner Mark Walter's Insurers Made Billions in Short-Term Loans to Affiliates, Due by End of August, Amid Federal Probe
Mark Walter's insurance empire invested heavily in short-term loans to his other businesses, totaling around $20 billion, which are now under federal investigation for potential fraud. These loans wer
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The U.S. Securities and Exchange Commission (SEC) charged 38 entities with impersonating U.S. advisors through false filings to defraud retail investors.
The U.S. Securities and Exchange Commission (SEC) charged 38 entities with impersonating U.S. advisors through false filings to defraud retail investors.
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Polish Olympic chief arrested in probe over suspected crypto-linked bribe
Radosław Piesiewicz, president of the Polish Olympic Committee, was arrested as prosecutors investigate allegations that Zondacrypto CEO Przemysław Kral gave him a 40,000 euro watch and other gifts. T
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San Francisco-based gaming founder convicted of operating fraudulent crypto trading fund
The Department of Justice (DOJ) stated that Dillman faces a maximum penalty of 20 years in prison and a $250,000 fine for each count of conviction.
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Zondacrypto boss Przemysław Kral seeks leniency for testimony on political ties, reportedly cooperating with Polish prosecutors over fraud charge and $650M customer losses.
Zondacrypto boss Przemysław Kral seeks leniency for testimony on political ties, reportedly cooperating with Polish prosecutors over fraud charge and $650M customer losses.
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Ex-Tricolor Executives Face SEC Lawsuit After Firm Collapse
The US Securities and Exchange Commission (SEC) has sued Tricolor Holdings founder Daniel Chu, who already faces federal charges, and two other former executives. They are accused of allegedly defraud
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Federal prosecutors and SEC are investigating Dodgers owner Mark Walter for alleged fraud involving billions in loans from his controlled insurers, focusing on four intermediary businesses.
Federal prosecutors and SEC are investigating Dodgers owner Mark Walter for alleged fraud involving billions in loans from his controlled insurers, focusing on four intermediary businesses.
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SEC Charges Toms River Trio with Allegedly Misappropriating $47 Million from Over 87 Investors in Affinity Fraud Targeting Orthodox Jewish Communities
SEC Charges Toms River Trio with Allegedly Misappropriating $47 Million from Over 87 Investors in Affinity Fraud Targeting Orthodox Jewish Communities
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Debt-Fueled Solar Firm GoldenPeaks Accused of Fraudulent Lending
According to a court-appointed administrator overseeing the group’s key Polish subsidiary, the collapse of solar-power developer GoldenPeaks Capital followed a number of seemingly “fraudulent” transac
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Federal prosecutors investigated allegations from a whistleblower claiming JPMorgan Chase engaged in misconduct when handling fraud cases, allegedly refusing to reimburse customers for over $100 million.
U.S. federal prosecutors earlier this year reviewed whistleblower allegations against JPMorgan Chase, claiming that the bank's executives ignored flaws in its anti-fraud program and allegedly improper
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NFT founder Taj Tarsha charged with fraud, allegedly stole over $10 million from investors for DJ hobby and gambling
Prosecutors allege Taj Tarsha, founder of NFT startup Few and Far Limited, raised over $10 million by selling 95 million tokens to nearly 70 investors. He is accused of misusing these funds for person
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SafeMoon (SFM) Project Review and Current Status Analysis: From Its Heyday to Bankruptcy and Restructuring
SafeMoon (SFM) was launched in 2021 as a community-driven DeFi token and attracted attention for its unique deflationary mechanism. However, the project suffered a security breach in 2023, and its founders and executives were subsequently charged by the U.S. SEC and Department of Justice with securities fraud, wire fraud, and money laundering, leading the company to file for bankruptcy in December 2023. Although the VGX Foundation acquired the project in April 2025 and migrated it to the Solana blockchain, the SFM token currently has extremely low trading volume, the market remains largely pessimistic, and the FBI is still seeking victims of the fraud.
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UK FCA and Police Arrest Four in Fraud and Money Laundering Investigation
The UK Financial Conduct Authority (FCA) and police have arrested four individuals and executed search warrants in Hackney, Beckenham, and Slough as part of an ongoing investigation into alleged fraud
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South Korea Hands Down Sentence in Fraud Case Under the Virtual Asset User Protection Act: Main Perpetrator of a Meme Coin “Rug Pull” Sentenced to 4 Years
Svmuu News: In South Korea today, a first-instance verdict was handed down in a case involving the fraudulent and improper trading provisions of the Virtual Asset User Protection Act. The Seoul Southe
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Cape Town Cracks Down on Crypto Fraud; Police Seize Luxury Car with Fake License Plate
Svmuu News: Geordin Hill-Lewis, mayor of Cape Town, South Africa, recently participated in a special nighttime operation by the city police targeting individuals who claim to be cryptocurrency and for
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CodexField X accounts and website have been taken offline after being accused of fraud
Svmuu News: According to CertiK’s monitoring, CodexField’s X account and website have gone offline. Previously, on-chain analyst Specter had warned that the project might be a scam or a run-and-hide s
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ZachXBT: Strongly advise staying away from Rain Protocol
Svmuu reports that ZachXBT posted, stating that the on-chain addresses of the Rain Protocol team have crossovers with the funding sources of failed projects such as TOMI and Data Ownership Protocol (D
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SEC charges BG Wealth and DSJ Exchange in alleged $130M crypto fraud
The U.S. Securities and Exchange Commission (SEC) has charged BG Wealth and DSJ Exchange in an alleged $130 million crypto fraud. The agency states that investors lost over $100 million after the firm
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SEC Charges BG Wealth Sharing Ltd and DSJ Exchange Pty Ltd in $130 Million Fraud Scheme Involving False Filings
SEC Charges BG Wealth Sharing Ltd and DSJ Exchange Pty Ltd in $130 Million Fraud Scheme Involving False Filings
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Hong Kong regulatory tightening leads to more delistings than resumptions for first time in three years
A report by accountants Grant Thornton indicates that Hong Kong's tightened securities regulations, prompted by events like Evergrande's liquidation and IPO frauds, resulted in 35 delistings versus 21
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The U.S. Securities and Exchange Commission (SEC) has released its examination priorities for fiscal year 2027, aiming to promote compliance, prevent fraud, and provide risk information.
The U.S. Securities and Exchange Commission (SEC) has released its examination priorities for fiscal year 2027, aiming to promote compliance, prevent fraud, and provide risk information.
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Australian payments company Zip Co.'s share price halved after it disclosed A$10.1 million (US$7.1 million) in costs due to a fraud incident in the United States.
Australian payments company Zip Co.'s share price halved after it disclosed A$10.1 million (US$7.1 million) in costs due to a fraud incident in the United States.
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INTERPOL cybercrime crackdown recovers over $105 million, arrests 1,462 people
According to The Defiant, Interpol's cybercrime crackdown recovered over $105 million and led to the arrest of 1,462 individuals. Among these, Angolan authorities seized over 2,000 crypto mining devic
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Hong Kong’s IPO fraud clampdown sends shock waves across financial sector
Hong Kong regulators’ tough action to crack down on fraudulent activity in the initial public offering market is sending ripples across the city’s financial industry, with insiders predicting short-te
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Donald Trump questioned Ilhan Omar's net worth declaration, stating it was corrected from $30 million to $100,000.
Donald Trump posted on Truth Social, questioning Representative Ilhan Omar's net worth declaration. Trump stated that Omar had previously reported a net worth of up to $30 million, but then immediatel
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Papertrade faces oracle manipulation allegations, with its House Pool showing $3.14 million.
Crypto trading platform Papertrade is facing oracle manipulation allegations. Its House Pool currently shows $3.14 million, with one cited wallet realizing approximately $1.73 million in trading gains
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Jefferies funds allege suspected fraud in nearly $900 million accounts receivable financing deals with iron ore traders Radiant World and Sapphire Minmetals.
Jefferies funds allege suspected fraud in nearly $900 million accounts receivable financing deals with iron ore traders Radiant World and Sapphire Minmetals.
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UK's MFS Owner Says He's Been Harassed by Lawsuits After $3 Billion Collapse Amid Fraud Allegations
The owner of Market Financial Solutions Ltd. (MFS) says he has been harassed by lawsuits after the UK property company collapsed amid allegations of widespread fraud. Creditors are trying to recover a
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CFTC Wins Fundsz Fraud Case, Court Orders Defendants to Pay Over $30 Million in Penalties
The U.S. Commodity Futures Trading Commission (CFTC) won its lawsuit against Fundsz, a digital asset and precious metals fraud scheme. The U.S. District Court for the Middle District of Florida entere
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US Fund Accuses Trader Radiant World of Fraud in Swiss Complaint
A US fund has filed a criminal complaint in Switzerland accusing Radiant World and related companies of fraud and money laundering, according to a US court filing, adding a new jurisdiction to the iro
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Optimum and its controlling shareholder, Patrick Drahi, were sued by creditors who accused them of fraudulent transfers, Bloomberg Markets reported.
Creditors have filed a lawsuit against telecom company Optimum Communications Inc., seeking to claw back transfers they allege fraudulently shifted value away from creditors to insiders, including con
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X Corp. is suing three users, accusing them of manipulating interactions through a coordinated network of accounts to defraud creators of their payouts, and is seeking £207,384 in damages.
X Corp. filed a lawsuit on September 17, accusing Vivek Kumar Sen, Zamyang Sherpa, and unnamed operators of manipulating interactions through a coordinated network of accounts to defraud creators of t
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Polish prosecutors have charged a former police officer in connection with the Zondacrypto cryptocurrency exchange fraud case, as investigators search for the missing founder.
The Polish Prosecutor's Office has charged former police officer Artur K. with alleged involvement in an organized crime group, assisting in the misappropriation of Zondacrypto user funds, and money l
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Hong Kong Interbank Clearing Limited (HKICL) reminds the public to beware of fraudulent websites.
Hong Kong Interbank Clearing Limited (HKICL) recently discovered two fraudulent websites impersonating its name. These websites mimic a "buyer online protection" service, offering features such as ref
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X Corp. Sues Bitcoin Influencers Vivek Kumar Sen and Zamyang Sherpa in UK High Court, Alleging Engagement Manipulation to Fraudulently Obtain at Least £207,384 in Creator Revenue
X Internet Unlimited Company and X Corp. filed a lawsuit in the UK High Court on September 17 against Vivek Kumar Sen, Zamyang Sherpa, and operators of related accounts. The lawsuit alleges that they
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Trump Praises Fraud Task Force, Citing Billions Recovered and Lengthy Prison Sentences
Donald Trump posted on Truth Social, commending the fraud task force led by Vice Chairman Andrew Ferguson and Vice President JD Vance. Trump stated that the task force has performed exceptionally in c
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Glencore Accuses Radiant World of Sending Falsified Invoices to Lenders
Glencore Plc accused iron ore trader Radiant World of sending falsified invoices to "a number of financial institutions," marking the latest in a series of fraud allegations against the company.
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Hong Kong Interbank Clearing Limited (HKICL) reminds the public to be vigilant against fraudulent websites impersonating its identity.
HKICL stated that these fraudulent websites impersonate "Buyer Online Protection" services, offering refunds, unauthorized online transaction reporting, and transaction support, and trick users into m
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Sam Bankman-Fried asks Supreme Court to overturn fraud conviction and $11 billion forfeiture
Sam Bankman-Fried says he was unfairly barred from providing evidence that FTX had more than enough assets to cover losses from the collapse.
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UK FCA: Christopher Woolcott Pleads Guilty to Fraudulent Takeover Offer for Touchstone Exploration Shares
The UK Financial Conduct Authority (FCA) announced that Christopher Woolcott has pleaded guilty to four counts of fraud and forgery. He created a fictitious takeover offer for Touchstone Exploration I
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Polish prosecutors charge fifth suspect in crypto exchange BitBay (rebranded as Zondacrypto) collapse probe, with customers facing at least $94 million in losses
Polish prosecutors have charged Roman Ż., a former business partner of BitBay founder Sylwester Suszek, with fraud and another undisclosed offense. This marks at least the fifth person charged in the
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SafeMoon (SFM) Project Founder and Team: Fraud Allegations and Current Status Review
The SafeMoon project, founded in March 2021 by Kyle Nagy, John Karony, Thomas Smith, and others, once garnered significant attention. However, the project team was later accused by the U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) of orchestrating a massive fraud, misappropriating over $200 million in investor funds. CEO John Karony was convicted in 2025 and sentenced to prison in February 2026, while CTO Thomas Smith has pleaded guilty. Founder Kyle Nagy remains at large. SafeMoon LLC was dissolved and filed for bankruptcy in 2023, and the project is no longer actively operating.
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SafeMoon (SFM) Project Review and Current Status Analysis: From Its Heyday to Bankruptcy and Restructuring
SafeMoon (SFM) was launched in 2021 as a community-driven DeFi token and attracted attention for its unique deflationary mechanism. However, the project suffered a security breach in 2023, and its founders and executives were subsequently charged by the U.S. SEC and Department of Justice with securities fraud, wire fraud, and money laundering, leading the company to file for bankruptcy in December 2023. Although the VGX Foundation acquired the project in April 2025 and migrated it to the Solana blockchain, the SFM token currently has extremely low trading volume, the market remains largely pessimistic, and the FBI is still seeking victims of the fraud.
Fraud
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