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CryptoCurrency

Court Permits “Unlimited” Access to Jailed Bankman-Fried for Trial Preparation

  • The permission falls short of the FTX Founder's lawyers' request.
  • FTX's bankruptcy estate wants to onboard Galaxy for guidance on crypto holding.
by Solomon Oladipupo
CryptoCurrency

Sam Bankman-Fried Lands in Jail Ahead of Criminal Trial

  • The FTX Founder was accused of witness tampering by federal prosecutors.
  • The embattled entrepreneur is also facing a $1 billion lawsuit from the FTX estate.
by Solomon Oladipupo
CryptoCurrency

Thodex Founder Sentenced to Turkish Prison over Failure to Tender Tax Documents

  • Faruk Fatih Özer claims innocence on charges related to defrauding investors.
  • The ex-CEO was arrested in August last year in Albania.
by Solomon Oladipupo
News

Arizona Bitcoin Fraudster Gets Year and a Half in Jail

  • Kim stole money from his employer and his friends.
by Simon Golstein
Brokers

Perpetrator of Binary Options Fraud for $2.1m Facing 20 Years in US Prison

  • The binary options scheme Blue Bit Banc run by Blake Kantor allegedly defrauded 713 people
by Victor Golovtchenko
News

Ex-Secret Service Agent Bridges Pleads Guilty to Second Silk Road Charge

  • Bridges not only stole Bitcoin from accounts on the illegal website but infiltrated the US government's digital wallet.
by Finance Magnates Staff
Exchanges

Coin.mx Operator to Serve 5.5 Years for $10 Million Bitcoin Scam

  • Anthony Murgio of Coin.mx will serve time in prison following his role in the money laundering scheme.
by Finance Magnates Staff
Regulation

Ex-Barclays Trader Faces $1m Fine and Jail Sentence for Currency Rigging

  • Jason Katz has pleaded guilty to price-fixing charges and has been banned from the banking industry.
by Finance Magnates Staff
Regulation

Former Singapore Banker Jailed Over 1MDB Probe

  • Yeo Jiawei has been sentenced for hindering investigations into alleged money laundering.
by Finance Magnates Staff
Regulation

CWM's Mastermind Anthony Constantinou Jailed for Sexual Assault

  • Constantinou has been given a 12 month prison sentence for sexually assaulting two women.
by Victor Golovtchenko
Prime Brokerage

Former UBS Trader Adoboli Warns Banking Culture Hasn’t Changed

  • Released after 4 years of a 7 year sentence, the former UBS trader spoke to the BBC in a televised interview
by Victor Golovtchenko
Regulation

Four Barclays’ Traders Given Steep Jail Sentences for LIBOR Abuse

  • Jay Merchant, Peter Johnson, Jonathan Mathew, and Alex Pabon are heading directly to prison after a UK judge's ruling.
by Jeff Patterson
News

Founder of Digital Currency Service Liberty Reserve Gets 20 Years in Jail

  • This is an example of what might happen if the real creator of Bitcoin Satoshi Nakamoto ever comes forward.
by Avi Mizrahi
Regulation

Next Rabobank Trader Due in Court over Libor Affair

  • Paul Thompson is one of seven former Rabobank traders implicated in the wrongdoing.
by Irina Slav
Regulation

American FX Fund CEO Sent to Jail for Running a Ponzi Scheme

  • Stafford Maxwell, founder of Millennium Capital, was sentenced to almost four years and ordered to pay about $1.5 million in restitution.
by Avi Mizrahi
News

US Man Facing Jail Time For Illegal Weapons Exports with Bitcoin

  • A man is facing time in prison for several illegal weapons related crimes, some of which he allegedly facilitated via Bitcoin.
by Leon Pick
Exchanges

Jakarta Futures Exchange Ex-Director Sentenced to Three Years in Prison

  • Moch Bihar Sakti Wibowo was found by an Indonesian court to be guilty of bribing the former head of the country’s regulatory agency.
by Avi Mizrahi
Regulation

Forex Thief Gets 15 Years, Gambled Clients' Funds at Casino, Tried Evading Capture

  • The slick forex fraudster wasn't so smooth, after unlawful conduct, including evading feds and obtaining a high quality fake Russian passport, were not enough to keep Aleksander Efrosman from getting a +15 year prison term.
by Steven Hatzakis
Regulation

Ex-Currency Trader Jailed in Australia After Nearly Five-Year Case Comes To An End

  • Krishnan Rasaratnam was sentenced to 3 years and 3 months, after pleading guilty in 2011 to unlicensed currency trading
by Steven Hatzakis
Regulation

InvestTech FX Senior Executives Charged By Canadian Police Over Alleged Fraud

  • The Toronto division of the Royal Canadian Mounted Police has today charged two directors of InvestTech FX Technology with fraud, as a result of a high value scheme which misappropriated client funds.
by Andrew Saks McLeod
Regulation

Orchestrator Of New Zealand's Largest Ever Ponzi Scheme Sent To Jail For 10 Years

  • David Ross, CEO of Ross Asset Management, has today been sentenced to 10 years and 10 months in jail for orchestrating the largest and highest value Ponzi scheme in the history of New Zealand, with $115 million lost.
by Andrew Saks McLeod
Regulation

$72 Million Ponzi Scheme Lands Gregory McKnight With 15 Year Jail Sentence

  • The US Securities and Exchange Commission announced yesterday that Gregory McKnight has been sentenced to 15 years and 8 months in jail for operating a $72 million Ponzi scheme and operating without regulatory approval.
by Andrew Saks McLeod
Regulation

Malaysian Court Charges Illegal Forex Trader

by Adil Siddiqui
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