A New York drug dealer known as "JuicePal" has been sentenced to eight years in prison for using cryptocurrency to launder millions of dollars from an illegal steroid distribution operation.
Sam Bankman-Fried, founder of bankrupt cryptocurrency exchange FTX, has appealed a decision to jail him ahead of his trial, arguing that he was being punished for exercising his First Amendment right to free speech.
Sam Bankman-Fried, founder of bankrupt cryptocurrency exchange FTX, has lost his bid to be released from jail ahead of his criminal trial over the collapse of FTX.
A California man, Charles James Randol, has admitted to operating a cryptocurrency exchange without implementing anti-money laundering measures, allowing scammers and drug traffickers to launder millions of dollars through the service. He now faces up to five years in federal prison and a fine of up to $250,000.
The founder of the collapsed Turkish crypto exchange Thodex and his siblings have been sentenced to 11,196 years in prison and a fine of $5 million for their involvement in the scam that left over 400,000 members without access to $2 billion in cryptocurrencies.
Thodex founder Faruk Fatih Özer has been sentenced to 11,196 years in prison by a Turkish court for charges including fraud and money laundering, after fleeing the country in 2021 and being detained in Albania in August 2022.
Two former JPMorgan Chase precious metals traders have been sentenced to prison for engaging in market manipulation schemes involving spoofing, fraud, and market manipulation, resulting in $10 million in losses to participants, according to the US Department of Justice.
The co-founder of the OneCoin cryptocurrency scam, Karl Greenwood, has been sentenced to 20 years in prison and ordered to pay back $300 million for his role in a scheme that defrauded millions of victims worldwide.
The mastermind behind the $4 billion OneCoin Ponzi scheme, Ruja Ignatova, remains at large, while her accomplice, Karl Greenwood, has been sentenced to 20 years in prison for wire fraud and money laundering charges. Ignatova, an Oxford-educated Bulgarian, disappeared in 2017 and is currently on the FBI's Most Wanted list, with a reward of up to $250,000 for information leading to her arrest. The fraudulent cryptocurrency scheme affected at least 3.5 million victims from 2014 to 2016.
Crypto exchange FTX has filed a lawsuit against the parents of its founder and former CEO, Sam Bankman-Fried, seeking to recover millions of dollars in fraudulently transferred funds and alleging misappropriation and malicious conduct. The filing accuses Bankman's parents of using their expertise in law to enrich themselves and divert funds from FTX, and also claims that Bankman attempted to sell the exchange to Binance. Bankman-Fried is currently in jail awaiting trial, and his parents have not responded to the lawsuit.
Sam Bankman-Fried, founder of bankrupt cryptocurrency exchange FTX, has been upheld in jail by a U.S. appeals court ahead of his fraud trial for tampering with witnesses and looting customer funds.
