department of justice

John McAfee Indicted by DOJ Over Alleged Cryptocurrency Fraud Charges

<div class=”featured_image_container”> </div> <strong>Tech entrepreneur and former anti-virus tycoon John McAfee has been indicted by the U.S. Department of Justice (DoJ) on money laundering and fraud charges. The United States Attorney for the Southern District of New York and the FBI unsealed the indictment charging McAfee and his associate Jimmy Watson with securities fraud.</strong> John …

John McAfee Indicted by DOJ Over Alleged Cryptocurrency Fraud Charges Read More »

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

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.  …

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

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

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 …

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

Visa abandons $5.3 billion acquisition after DOJ objections

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 …

Visa abandons $5.3 billion acquisition after DOJ objections Read More »

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

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. …

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

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

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 …

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

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

<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 …

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

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

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 …

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

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

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 …

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

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

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 …

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