Tag: cryptocurrency fraud

September 12, 2018 BY Valentina Kirilova

FINRA takes its first-ever disciplinary action involving cryptocurrencies

FINRA has just announced that it filed a complaint against Timothy Tilton Ayre of Agawam, Massachusetts, charging him with securities fraud and the unlawful distribution of an unregistered cryptocurrency security called HempCoin. This case represents FINRA’s first disciplinary action involving cryptocurrencies. In the complaint, FINRA alleges that, from January 2013 through October 2016, Ayre attempted…

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Investor sues AT&T for $224m over loss of cryptocurrency
August 20, 2018 BY Valentina Kirilova

Investor sues AT&T for $224m over loss of cryptocurrency

U.S. cryptocurrency investor Michael Terpin has filed a $224 million lawsuit against telecommunications company AT&T, Reuters reported earlier. Terpin is accusing the company of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account. Terpin alleged that on January 7, 2018, the tokens were stolen from him through…

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UN report says North Korea laundered $2 billion theft via Hong Kong firm
January 19, 2018 BY LeapRate Staff

CabbageTech - Coin Drop Markets charged with cryptocurrency fraud scheme

The Commodity Futures Trading Commission (CFTC) has announced that it has filed a federal civil enforcement action in the U.S. District Court for the Eastern District of New York against Defendants Patrick K. McDonnell, of Staten Island, New York, and CabbageTech, Corp., doing business as Coin Drop Markets (CDM), a New York corporation, charging them with fraud and…

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