online resources

Chilean Cryptocurrency Exchange Denies Fraud Allegations, Tribunal Set Rule on Complaint

Chilean cryptocurrency exchange, Badu.com has denied allegations that it fraudulently transferred client funds without authorization. The fraud allegations are being reported by Itau bank and both parties are set to appear before the country’s Tribunal for the Defense of Free Competition (TDLC), which must rule on the case. The Itau Bank, which initially reported the complaint in February, reiterated its position on September 2 that Badu is perpetrating fraud by not adhering regulations. According to a report in Criptonoticias, the bank is also accusing Badu of forgery and the use of a fake profile to facilitate the fraud. During the…

Continue Reading Chilean Cryptocurrency Exchange Denies Fraud Allegations, Tribunal Set Rule on Complaint

US Hopes to Confiscate $400M: DoJ Files Forfeiture Judgment Against Onecoin Launderer

Prosecutors from the Southern District of New York (SDNY) court have submitted a “forfeiture money judgment” against the former attorney Mark Scott. The lawyer was charged with helping the Ponzi scheme Onecoin launder funds. The U.S. Department of Justice (DoJ) claims that Scott helped launder $400 million and the entity hopes to seize his current assets. On August 31, attorneys from the SDNY court and members of the DoJ submitted a new court filing in the case called “United States v. Mark S. Scott.” The case involves Mark Scott’s involvement with Onecoin and Ruja Ignatova (the cryptoqueen), as the DoJ…

Continue Reading US Hopes to Confiscate $400M: DoJ Files Forfeiture Judgment Against Onecoin Launderer

End of content

No more pages to load