department of justice

FBI arrests 24-year-old crypto trader for commodities and wire fraud

Leave a Comment / BitMex, CFTC, department of justice, FBI, Investments, Ponzi Scheme, Scams / By

U.S. criminal authorities have brought criminal charges against a crypto trader who they say defrauded investors out of over $5 million.  The Department of Justice announced on Tuesday that it had arrested Jeremy Spence. Between 2017 and 2019, the 24-year-old Spence operated a crypto investment scheme under the name of “Coin Signals,” primarily via Twitter and Discord.  …

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Antitrust watchdogs around the world are going back to school to study blockchain and AI

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Competition authorities are hitting the books when it comes to emerging technologies like blockchain and AI.  On Tuesday, the Department of Justice announced that it would be participating in a new initiative at Stanford University to onboard more advanced technological tools into its fight against monopolies. The DoJ is merely the most vocal addition to …

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Visa abandons $5.3 billion acquisition after DOJ objections

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hatchapong via Getty Images Visa has abandoned its $5.3 billion bid to acquire fintech startup Plaid. In an announcement on Tuesday, the US Department of Justice said the two companies have agreed to call off their merger. The agency filed a lawsuit to block the deal last November, alleging at the time that, had it …

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Man Gets 6 Years for $25M Diamond and Crypto Ponzi Scheme

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A South Florida federal district judge sentenced a Washington, D.C., man to six years in federal prison for operating a $25 million diamond investment scheme that included a crypto component. He must also pay over $23 million in victim restitution.  The accused, Jose Angel Aman, and his partners were sentenced by U.S. District Judge Rodolfo A. …

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DoJ makes fintech giant sell Credit Karma’s tax wing to Square before $7.1B acquisition

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Per an announcement and series of filings on Wednesday, the U.S. Department of Justice is calling shenanigans on Intuit’s ambitions, at least in part. Intuit owns a stable of user-facing finance software, including budgeting app Mint, digital DIY tax software TurboTax, and QuickBooks, for business accounting. The firm initially announced its acquisition of Credit Karma back …

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Chainalysis Launches Program to Store and Sell Seized Crypto Assets for Governments

Leave a Comment / Asset Reality, asset recovery, Auctions, Bitcoin, Bitcoin Auctions, Chainalysis, department of justice, doj, Jason Bonds, News, Seized bitcoin, seized crypto, Seizure, Silk Road, Silk Road Coins, Storage, U.S. Marshals / By

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/422919″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/11/lottery-new-bn-2.jpg” alt width=”728″ height=”180″></a></div><strong>The blockchain intelligence and surveillance company Chainalysis revealed the launch of a new program that aims to help governments and insolvency practitioners sell seized cryptocurrencies. The news follows the recent U.S. government seizure of more than 69,000 <a …

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Law Decoded: New administration and the DoJ’s continued flex in crypto, Oct. 30–Nov. 6

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Are you over the election? I’m over the election. But you can bet that as soon as I finish writing this week’s Law Decoded, I will compulsively check up on what’s happening in Georgia and Pennsylvania. And it seems that I’m not alone. Despite the election highjacking the entire news cycle, crypto has not been …

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Visa’s Planned $5.3B Purchase of Fintech Firm Plaid Challenged by US DOJ

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The United States Department of Justice (DOJ) filed a lawsuit Thursday to stop Visa’s planned $5.3 billion acquisition of fintech firm Plaid, saying it violates antitrust laws and would eliminate competition in the online debit market.  Filed in a Northern California federal court, the lawsuit described Visa as a “monopolist” in online debit transactions and …

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$200 Million Brazilian Crypto Fraud Scam: The US Seizes $24 Million Worth of Digital Currencies

Leave a Comment / Brazilian Law, Cryptocurrency, cryptocurrency fraud, department of justice, Law Enforcement, Marcos Antonio Fagundes, Money Laundering, Regulation, Regulations, securities law violations, Virtual Currency / By

The Many Facts Pointing to John Nash Being Satoshi Nakamoto Six years ago, a number of theories spread across the internet that claimed the famed American economist and mathematician John Forbes Nash Jr. was Satoshi Nakamoto. There’s a bunch of circumstantial evidence that has invoked some research into the possibility … read more. Southeast Asia’s …

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How US authorities are using old AML tools to crack down on crypto

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The ease of laundering money in the U.S. before 1970 boggles the mind. Prior to the Bank Secrecy Act (BSA) of that year, there were no federal standards for banks to keep records on activity that fell under the category of “suspicious.” There were also no consistent reporting requirements — it was the BSA that …

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