The U.S. Commodity Futures Trading Commission (CFTC) issued a press release on Friday, November 9, 2018, stating that it had fined Arizona resident Joseph Kim for perpetrating a fraudulent cryptocurrency trading scheme against his former employer and other investors. The same day, a District Court in the Northern District of Illinois sentenced Kim to 15 months on wire fraud charges.
The U.S. Securities and Exchange Commission (SEC) has released a report detailing actions taken against fraudulent ICOs and financial ventures, and, indeed, the year has been wrought with cases. The report details actions for 2018’s fiscal year, which ended on September 30, and offers insight into the ICO-related fraud that has seemingly come to light over the past several months.
Police in Canada have issued a warning over a bitcoin tax scam after more than 40 York region residents fell victim to fraudsters.
According to a report by CBC News, York Regional Police said that victims lost as much as 340,000 Canadian dollars (US$267,000) through the scam.
The fraudsters, who identified themselves as employees of the Canada Revenue Agency, threatened the victims with arrest for unpaid taxes if they did not send funds using bitcoin ATMs.
Компания Evolve Funds подала заявку на открытие первого в Канаде биржевого инвестиционного фонда (ETF). Об этом пишет BNN.ca.
Как отмечает издание, ETF будет котироваться на Фондовой бирже Торонто (TSX ) под тикером BITS.
“Для многих доступ к биткоину затруднен — это очень сложный и дорогостоящий процесс, поскольку в настоящее время инвесторы не могут торговать им на обычном брокерском счете, — отмечает CEO Evolve ETFs Радж Лала.
The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against a New York-based man and his company for allegedly running a bitcoin-based Ponzi scheme.
Nicholas Gelfman and his firm, Gelfman Blueprint Inc (GBI), are accused of procuring over $600,000 from 80 people between January 2014 and approximately January 2016.
According to the CFTC, the funds were solicited from customers under the pretence of sponsoring a high-frequency bitcoin trading algorithm called "Jigsaw.
Switzerland's financial markets regulator has ordered the closure of three companies tied to an alleged cryptocurrency scam.
The Swiss Financial Market Supervisory Authority (FINMA) announced on September 19 that it had shut down the Quid Pro Quo Association, Digital Trading AG and Marcelco Group AG in connection with the sales of a so-called "E-Coin" cryptocurrency. The companies had apparently been operating without the appropriate authorization, and were liquidated by FINMA as a result.
The European Commission is gearing up to propose new penalties for cybercrimes involving cryptocurrencies.
In a release yesterday, the European Union's executive arm outlined its intent to introduce a new directive focused on digital crimes, citing recent ransomware attacks in the region and abroad. Part of that plan would involve the creation of a European cybersecurity agency to spearhead such efforts.