The U.S. Department of Justice is cracking down on yet another cryptocurrency fraud ploy. The losses amount to tens of millions, and it’s expected that more will be identified. An Elaborate Scheme The U.S. Attorney’s Office in the Western District of Washington filed a civil action on Tuesday, demanding the forfeiture of cryptocurrency assets valued […]
Iris Ramaya Au, a 35-year-old Irvine resident and former girlfriend of a self-proclaimed cryptocurrency fraudster known as “The Godfather,” has agreed to plead guilty to a federal tax charge for failing to report more than $2.6 million in illicit income tied to her ex-boyfriend’s criminal activities. Au faces a single felony count of subscribing to […]
The 2025 crypto crime report by Chainalysis has highlighted a rise in the sophistication of criminal activities. The firm estimated illicit crypto transactions in 2024 to be $40.9 billion, down from $46.1 billion in 2023. However, this figure is projected to exceed $51 billion as more illegal addresses are identified. Shift to Stablecoins and Ransomware […]
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