WebNov 17, 2024 · State attorneys general and regulatory agencies are cracking down. Attorneys general in Massachusetts and New York have issued fines and cease and desist orders to stop bogus crypto companies from bilking customers. The Federal Trade Commission has collected thousands of complaints about scams like the fake Musk affair. WebAccording to the Federal Trade Commission, 7,000 people reported losing over $80 million to crypto-related scams within six months, and the average amount consumers reported losing to the scams was $1,900. These figures reflect a 12x increase in reports compared to the same period a year ago and a nearly 1,000% rise in reported losses.
Esteban Castaño on LinkedIn: Combating the illicit use of digital …
WebApr 5, 2024 · If convicted, the defendants are facing up to 30 years in prison for the wire fraud counts; and up to 20 years of imprisonment for the money laundering count. This case is being prosecuted by Assistant U.S. Attorneys Timothy R. Henwood, Daniel J. Olinghouse and María L. Montañez Concepción. WebJun 30, 2024 · The Department of Justice, together with federal law enforcement partners, today announced criminal charges against six defendants in four separate cases for their alleged involvement in cryptocurrency-related fraud, including the largest known Non-Fungible Token (NFT) scheme charged to date, a fraudulent investment fund that … how long are the lotr movies
5 Crypto Scams To Watch Out For – Forbes Advisor
WebSep 1, 2024 · Report possible securities fraud to the SEC at www.sec.gov/tcr. Contact the Office of Investor Education and Advocacy (OIEA) by phone at 1-800-732-0330, using this … WebMay 21, 2024 · Cryptocurrency is a digital asset that uses cryptography and blockchain technology to make secure financial transactions independent of a central bank. Since … Webtldr; The US Secret Service has established a new web page dedicated to sharing information on cryptocurrencies and raising the public's awareness on the technology's illicit uses. The new cryptocurrency public awareness hub will feature the Secret Service's latest response work against the illicit use of digital assets. how long are the hunger games