Fraud
Veer Chetal, a 19-year-old man, has pleaded guilty to conspiracy charges linked to the theft of 4,100 bitcoins from a Washington, DC, crypto holder in August 2024. The stolen coins were valued at around US$245 million at the time. As part of a plea deal, Chetal agreed to
Fraud
Veer Chetal, a 19-year-old Connecticut man, has pleaded guilty to fraud and money laundering conspiracy charges in connection with a $245 million Bitcoin theft. According to unsealed court documents, Chetal agreed to testify against his co-defendants, including Malone Lam, who was also indicted in a federal grand jury for an
Fraud
U.S. authorities have seized over $225.3 million in cryptocurrency linked to cryptocurrency investment fraud schemes, known as "cryptocurrency confidence scams." The Department of Justice filed a civil forfeiture complaint in U.S. District Court, alleging that the seized funds were part of a sophisticated blockchain-based money
Fraud
Law enforcement and prosecutors from the Eastern District of Texas, the FBI, and IRS-CI have brought justice to victims of an elaborate transnational organized crime syndicate that defrauded millions of dollars. The syndicate, led by individuals from Plano and Allen, Texas, targeted elderly and vulnerable populations through various schemes, including
Fraud
Sri Lankan authorities have taken a significant step in combating organized crime and financial fraud by freezing the assets of 88 individuals, with 26 suspected of organized criminal activities and drug trafficking. This action follows recent legal moves aimed at curbing illicit wealth accumulation, including the seizure of assets worth
Fraud
A 25-year-old Nigerian man, Samuel Olasunkanmi Abiodun, has been sentenced to five years in prison for his role in a sextortion scheme that led to the death of an American teenager. Abiodun, who pleaded guilty to money laundering conspiracy and wire fraud, was part of a group that blackmailed a
Fraud
A federal grand jury in Miami has returned an indictment against Jasen Butler, 37, of Jupiter, Florida, charging him with multiple counts of wire fraud, money laundering, and forgery for orchestrating a scheme to defraud the U.S. Department of Defense and other federal agencies through the SEA Card Program.
Fraud
U.S. authorities charged Iurii Gugnin, a 38-year-old Russian citizen and New York resident, with turning his cryptocurrency company, Evita, into a covert pipeline for dirty money. Gugnin allegedly laundered over $500 million through U.S. banks and cryptocurrency exchanges while hiding the source and purpose of the transactions. The
Fraud
A 38-year-old Russian national, Iurii Gugnin, has been arrested and charged with various offenses related to laundering over $500 million through the US financial system. According to court documents, Gugnin used his cryptocurrency company, Evita, to funnel payments from foreign customers, many of whom held funds at sanctioned Russian banks,
Fraud
The founder of a now-shuttered non-profit organization, Viet America Society (VAS), and its associate, Hand-to-Hand Relief Organization Inc. (H2H), have been accused of bribing then-Orange County Supervisor Andrew Hoang Do to obtain approximately $12 million in COVID-19 pandemic-related funds. Peter Anh Pham, 65, of Garden Grove, and Thanh Huong Nguyen,
Money laundering
Lycamoney, a payments business controlled by British-Sri Lankan entrepreneur Allirajah Subaskaran, has been hit by a crackdown from Britain's financial watchdog, the Financial Conduct Authority (FCA), over concerns that the company would not be able to spot fraud. The FCA's inquiry came as part of a
Banks (Finance)
The Enforcement Directorate (ED) has conducted search operations at seven locations in Delhi, Mumbai, and Bengaluru in connection with a money laundering probe linked to alleged bank fraud and online gaming platforms. The searches were carried out under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, as
