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Category Crypto Frauds

Fake Crypto Fund Operator Pleads Guilty to Defrauding Investors

Fake Crypto Fund Operator Pleads Guilty to Defrauding Investors

Michael Joseph McElhiney, age 37 and formerly of Spokane, Washington, has pleaded guilty to wire fraud, the U.S. Department of Justice (DOJ) announ...
SEC Chair Gary Gensler Insists Crypto Field Is ‘Rife With Abuses and Fraud’

SEC Chair Gary Gensler Insists Crypto Field Is ‘Rife With Abuses and Fraud’

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has reiterated that the crypto industry is filled with instances of abuse and f...
Hong Kong Regulator Warns of 2 Entities Suspected of Crypto Frauds

Hong Kong Regulator Warns of 2 Entities Suspected of Crypto Frauds

Hong Kong’s financial regulator has warned the public about two entities suspected of crypto frauds. In addition to issuing cease and desist letter...