Altcoin News asic Bitcoin Scams BitConnect John Bigatton Madelin Bigatton 

Regulators Freezes Assets of BitConnect Promoter John Bigatton

John Bigatton, the only representative for BitConnect Australia, has had his assets frozen by the  Australian Securities and Investments Commission (ASIC), functions very similarly to the Securities and Exchange Commission in the United States. Bigatton can’t travel, as part of the ongoing investigation. In the video below, Bigatton celebrates with BitConnect victims as cash rains to a Star Wars theme. From Financial Advisor to Alleged Crypto Scammer Bigatton is also a director and shareholder in BitConnect International. BitConnect as a whole is under investigation by several international bodies, including the…

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Bitcoin Scams crypto revolt John Key new zealand 

Bitcoin Fraudsters Use NZ’s Former PM John Key in Endorsement

John Key, former New Zealand Prime Minister, is the latest in a line of notable individuals involved, albeit unknowingly, in a cryptocurrency scam. Bitcoin fraudsters are using the image of John Key promoting a Bitcoin scam. According to a report in Stuff.co.nz, the ad was designed for a company known as Crypto Revolt. So far, the scammers are using images of popular TVNZ presenter Hayley Holt and New Zealand’s Prime Minister Jacinda Arden to defraud unsuspecting investors. Exposed: Bitcoin Scam Used New Zealand’s Prime Minister as an Endorsement https://t.co/0ClFbVIupr — CCN.com…

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Bitcoin Scams Julian Hosp Lyoness TenX 

$80 Million ICO TenX Founder Linked to Pyramid Scheme: Report

TenX president Julian Hosp has reportedly been implicated in connection with Lyoness, an Austrian discount shopping service that has been declared an illegal pyramid scheme in Norway, Austria, and Switzerland. After a summer of Chinese whispers on the internet alleging that he was involved in Lyoness before becoming the face of TenX, a video has emerged that appears to show Hosp presenting an online tutoring session used to enable viewers to recruit new participants in the pyramid scheme. The news was first reported by Breaker. The emergence of the video, if authentic, is particularly damaging not…

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bitcoin Bitcoin Crime Bitcoin Scams G Suite google target Twitter 

Google Hacked in Twitter Bitcoin Scam

Twitter Facebook LinkedIn Google has become the latest victim of the rampant bitcoin “giveaway” scams proliferating on Twitter. For a little over ten minutes on Tusesday, the Twitter account of the online search giant’s suite of productivity apps and tools, G Suite, was hacked and used to promote a fraudulent bitcoin giveaway. Initially reported by Hard Fork, the fraudsters dubbed the giveaway the “biggest in the world.” “Google is giving 10,000 Bitcoin (BTC) to all community! We decided to make the biggest crypto-giveaway in the world! Now you can make…

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Bitcoin Scams Jacinda Ardern new zealand 

Bitcoin Scam Used New Zealand’s Prime Minister as an Endorsement

New Zealand’s Prime Minister, Jacinda Ardern, is the latest high-profile individual to be used in perpetuating a cryptocurrency scam. According to the Prime Minister’s office, various ads bearing her image have appeared on social media network Facebook with the intention of persuading citizens of the Asia Pacific country to invest in a cryptocurrency startup. To add to the legitimacy, the ads also allege that the New Zealand Treasury has invested approximately NZ$250 million, or ‘50%’ of its currency reserves in a cryptocurrency firm known as Bitcoin Revolution, according to Stuff….

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Bitcoin Law Bitcoin Scams CFTC J Christopher Giancarlo regulation sec 

CFTC Cracks Down Harder on Cryptocurrency Fraud Under Trump

The Commodity Futures Trading Commission (CFTC) has bolstered its police actions in the last fiscal year, driven largely by cryptocurrency cases, according to The Wall Street Journal. Under President Trump, the federal derivatives market regulator levied about $900 million in civil penalties in 2018 alone, exceeding the annual amount in five of the eight years of the Obama administration. The amount had declined in 2017, drawing criticism from consumer groups and some Democrats. Gary DeWaaal, a former CFTC enforcement lawyer who is now special counsel at Katten Munchin Roseman LLP,…

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Bitcoin Scams CFTC my big coin regulation 

U.S. Court Grants CFTC Request to Sue $6 Million Crypto Fraud

A U.S. district court on Wednesday gave leave to the U.S. Commodity Futures Trading Commission (CFTC) to proceed with the lawsuit against Nevada-based My Big Coin Pay Inc. who had allegedly been operating a $6 million fraud, per the court’s Memorandum of Decision. The federal judge who presided over the case affirmed that the cryptocurrency in question falls within the definition of a commodity, and as a result gave the regulator the authority to charge for fraud since it falls within its jurisdiction. The Alleged My Big Coin Scam As the crackdown…

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Bitcoin Scams uk 

Summer’s Cryptocurrency Fraud Costs £2 Million in Losses

The UK’s national policing lead for fraud has revealed figures wherein victims have reported 203 instances of cryptocurrency fraud totaling a little over £2 million ($2.54 million) in losses. In an announcement published this on August 10, Action Fraud – the UK’s national fraud and cybercrime reporting center – warned the public of fraudsters pushing ‘get rich quick’ investment schemes related to mining and trading in cryptocurrencies. Scammers are targeting victims via social media platforms and even cold calling with the lure of heightened rewards, the authority said. Victims are…

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Bitcoin Crime Bitcoin Scams Bitcoin Security WannaCry 

Cryptojacking Falls in Second Quarter, Coinciding with Crypto Bear Market: Research

This year’s second quarter witnessed a lull in cybercrime, but cybercriminals continue to experiment with ransomware, according to Malwarebytes Labs in its second quarter report. Malware activity posted a decrease in both business and consumer categories in the second quarter, the report noted. But while the volume of activity was lower, the quality of the attacks was anything but. Malwarebytes Labs based its conclusions on data from April through June along with telemetry from its business and consumer products that are used in millions of machines. Malware Sophistication Rises Ransomware…

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Bitcoin Crime Bitcoin Scams Bitcoin Trading fincen Judge Manuel Real localbitcoins Theresa Lynn Tetley 

LocalBitcoins Trader ‘Bitcoin Maven’ Sentenced to Prison for Money Laundering

LocalBitcoins trader Theresa Lynn Tetley, better known as the “Bitcoin Maven,” has been sentenced to 12 months and a day in prison, a $20,000 fine, and three years supervision after release for laundering bitcoin as proceeds of narcotics sales and for her role in running an illegal bitcoin-for-cash exchange, according to the U.S. Attorney’s Office for the Central District of California. She was also ordered to give up the proceeds of her illegal activity, including $292,264 in cash, 25 gold bars, and 40 bitcoins. U.S. District Judge Manuel Real sentenced the…

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