Los Angeles, May 15, 2025: In a decisive move underscoring the U.S. government’s hardening stance on cryptocurrency fraud, Ramil Ventura Palafox, the former CEO of Praetorian, has been sentenced to 20 years in federal prison. The landmark sentencing follows his conviction for orchestrating a massive Bitcoin-based Ponzi scheme that prosecutors say defrauded over 90,000 investors […]
Brooklyn, New York – November 2024: In a landmark ruling that sends a powerful message to the volatile cryptocurrency industry, former SafeMoon CEO Braden John Karony was sentenced to eight years in federal prison for orchestrating a multi-million dollar fraud. U.S. District Judge LaShann DeArcy Hall delivered the decisive sentence, concluding a case that laid […]
Los Angeles, California – April 2025: In a landmark ruling underscoring the severe legal consequences for financial crimes in the digital age, a federal court has delivered a devastating blow to cryptocurrency fraud. Daren Li, the mastermind behind a sophisticated global investment scam, was sentenced to 20 years in federal prison for orchestrating a scheme […]
New York, April 2025: The U.S. Department of Justice has unsealed a startling document that casts a new light on the periphery of the cryptocurrency industry. An email from 2014 shows an associate pleading with the late financier and convicted sex offender Jeffrey Epstein to divest holdings in two major digital assets: Ripple (XRP) and […]
Washington, D.C., February 2025: In a landmark enforcement action, the U.S. Department of Justice has secured legal title to more than $400 million in assets connected to the cryptocurrency mixer Helix. This decisive move follows the November 2024 sentencing of Helix founder Larry Harmon to 36 months in prison and represents one of the largest […]
In a significant move that underscores the global crackdown on illicit financial activities, the U.S. Department of Justice (DOJ) has unveiled a massive indictment against a Russian national, Iurii Gugnin. He stands accused of orchestrating a staggering $530 million crypto laundering operation, alongside widespread sanctions evasion. This case sends a clear message: the digital realm […]
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