3 stories tagged #U.S. Department of Justice

  1. OneCoin Victims Receive $40 Million From Seized Assets After Decade-Long Scam
    crypto

    OneCoin Victims Receive $40 Million From Seized Assets After Decade-Long Scam

    The U.S. Department of Justice announced a $40 million fund for victims of the OneCoin fraud scheme, which defrauded over 3.4 million investors worldwide.

    last mo. 1 min read
  2. Michael Smith Pleads Guilty to $8 Million AI Music Streaming Fraud
    crypto

    Michael Smith Pleads Guilty to $8 Million AI Music Streaming Fraud

    North Carolina man admits to wire fraud conspiracy using AI-generated songs and bots to steal royalties from legitimate artists on major streaming platforms.

    2mo ago 1 min read
  3. SEC Drops Securities Fraud Case Against BitClout Founder Nader Al-Naji
    crypto

    SEC Drops Securities Fraud Case Against BitClout Founder Nader Al-Naji

    The U.S. Securities and Exchange Commission dismissed its 2024 lawsuit against BitClout creator Nader Al-Naji over BTCLT token sales, citing case-specific facts.

    2mo ago 1 min read