Archive | fraud

Josh Garza Held Liable for $9 Million USD for Wire Fraud

Homero Josh Garza has been held liable for $9,182,000 USD by a U.S. federal judge. Garza pleaded guilty to one charge of wire fraud for activities relating to Gaw, Gaw Miners, Zenminer, Zencoin, and Paycoin in July. Also Read: Garza Fined $12 Million by SEC for GAW Mining and Zenmining Ponzi Schemes The United States Securities […]

SEC Slaps Fraud Charges on Two ICOs Operated by the Same Individual

Everyone in the cryptocurrency world is well aware that the SEC has been investigating initial coin offerings. While no regulatory measures have been announced, the institution recently found two such projects to have been committing fraud. It is possible this number will increase over time, as not every ICO is entirely honest by any means. SEC Charges Two ICO […]

After the Boss Calls Bitcoin a ‘Fraud’ — JP Morgan Buys the Dip

Just recently news.Bitcoin.com reported on JP Morgan executive Jamie Dimon calling bitcoin a “fraud” and claiming he would fire any employee from his firm who traded the digital currency for being “stupid.” Now it seems JP Morgan has been caught red-handed purchasing a bunch of XBT shares, otherwise known as exchange-traded-notes, that track the price […]