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High-Return Crypto Scheme Hit With Cease-and-Desist in Texas

[Oct 11, 2024 11:20 AM] Texas regulators have issued an emergency cease-and-desist order against two individuals accused of promoting a fraudulent cryptocurrency investment scheme. The alleged scheme, tied to Trage Technologies, promised high returns on digital asset…

Crypto Ponzi Leader Receives 121-Month Prison Sentence

[Oct 6, 2024 2:30 AM] David Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding investors with false promises of profits. His scheme targeted working-class people with the lure of financial freedom…

CFTC Sues Over $3.6M Digital Asset Fraud Targeting Asian Americans

[Sep 29, 2024 11:30 AM] The U.S. Commodity Futures Trading Commission (CFTC) has initiated legal action against a fake trading platform and its associates for defrauding investors out of $3.6 million. The scheme, which targeted Asian Americans, involved soliciting funds…