Tags: Legal

Caroline Ellison’s Sept. 24 sentencing will be the third significant judgment in the FTX scandal, after Ryan Salame and Bankman-Fried.

The European-based firm, a defunct MLM scheme, settled with five U.S. states to return 100% of investor funds from crypto investments.

The judge ruled Legkodymov’s 18 months in Brooklyn’s MDC was sufficient punishment for $700M in illicit proceeds from the Russian dark web.

CFTC did not pursue a civil monetary penalty, allowing the full $12.7 billion to be allocated for repaying FTX’s creditors.

BitMEX co-founders pleaded guilty to similar criminal charges in 2022 and were sentenced to probation.

Keith Gill faces lawsuit over allegations of orchestrating a GameStop pump-and-dump scheme, sparking legal controversy.

The executives used Moonwalkers Trading to inflate HYDRO price via fake orders, profiting $2M in seven months.

Logan Paul argues the videos painted a misleading narrative and seeks over $75,000 in damages, interest, and legal fees.

Juan Tacuri, the main promoter of the Forcount crypto Ponzi scheme, will surrender $4 million and real estate purchased using victim funds.

David Kagel pleaded guilty to one count of conspiracy to commit commodity fraud, carrying a maximum penalty of five years in prison.

DOJ estimates Russell’s crypto fraud scheme resulted in about $1.5 million in investor losses.

The SEC filed a lawsuit against Debt Box in July 2023, alleging an illegal cryptocurrency scheme valued at $50 million.

At 23, accused of operating the Incognito Market and extorting users, Rui-siang Lin had also refashioned himself as a crypto crime expert.

Coinbase consumers alleged being misled, paying $100+ for a June 2021 sweepstakes promising up to $1.2 million in Dogecoin prizes.

Federal prosecutors recommended that Bankman-Fried be moved to a California facility closer to his family in Palo Alto.

Ryan Salame faces sentencing on May 28, marking the first legal repercussion within co-founder Sam Bankman-Fried’s circle.

Genesis gets court nod to distribute $3B to creditors, covering 77% of the claims. Notably, DCG is excluded from the payout list.

Todd’s guilty plea, as per the U.S. Attorney’s Office, carries a potential sentence of up to five years in prison and a fine of $250,000.

The FBI apprehended Idin Dalpour for a $43M Ponzi scheme involving a Las Vegas hospitality enterprise and a crypto trading operation.

Netherlands authorities detain 26-year-old in ZKasino crypto rugpull case, seizing assets exceeding $12 million.

Jay Mazini purported to be a crypto millionaire mainly targeting the Muslim community through Halal-Capital LLC.