Crypto Fraud | Crypto

A Chinese national received a 46-month federal prison sentence for laundering $36.9 million stolen from American victims through romance scams and fake cryptocurrency trading platforms, with stolen funds routed through Bahamas banks before conversion to Tether and distribution to Cambodia-based scam centers. The post US Court Sentences Chinese National to Nearly 4 Years for $37M Crypto Fraud appeared first on Cryptonews.

Ex Cred Execs have been sentenced to 52 and 36 months for wire fraud conspiracy after pleading guilty. Prosecutors say they have misled investors during 2020 losses tied to Cred’s failed hedging. Prison starts Oct. 28, with a restitution hearing set for Oct. 7. The post Ex Cred Execs Get Prison for Crypto Fraud – FBI Details Targeted Scheme appeared first on Cryptonews.