Carl Erik Rinsch, the director of “47 Ronin,” was arrested on March 18 in West Hollywood, California, after being indicted for wire fraud and money laundering. Prosecutors allege that he misused $11 million from a major streaming service, meant for his science fiction television series “White Horse,” on crypto trading. The $11M Fraud According to […]
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against Behrouz Parsarad for running Nemesis, a darknet marketplace that sold illegal drugs. As part of these actions, OFAC has also blacklisted 49 crypto addresses, including 44 for Bitcoin and 5 for Monero, connected to the operation. Founder Accused of […]
Russian national Alexander Vinnik, previously convicted for running a multi-billion-dollar money-laundering operation through his BTC-e crypto exchange, has been released in a prisoner exchange between Russia and the United States. In return, Moscow freed American schoolteacher Marc Fogel, who had been detained on drug charges. Vinnik’s Role in BTC-e and Legal Troubles Vinnik operated the […]
Spanish law enforcement, in partnership with blockchain firms Tron, Tether, and TRM Labs, has frozen $26.4 million in cryptocurrency linked to a money laundering network operating across Europe. The operation was carried out by the T3 Financial Crime Unit, an initiative formed in August 2024 by the three companies to combat illicit financial activities. The […]
A New Jersey jury has convicted a man for his role in a drug trafficking and money laundering operation that used wire transfers and cryptocurrency to move illicit funds. The scheme, which prosecutors in the case say ran for six years, involved importing and distributing fentanyl-related substances. Crypto-Fueled Drug Network The federal jury found William […]
Maximiliano Pilipis, a 53-year-old former resident of Noblesville, Indiana, has been indicted by a federal grand jury on five counts of money laundering and two counts of failing to file a tax return. The indictment alleges that Pilipis laundered substantial funds, including proceeds from Silk Road, through his operation of an unlicensed virtual currency exchange […]
A 21-year-old man from Lebanon, Indiana, has admitted to organizing a major cryptocurrency theft, stealing over $37 million from nearly 600 victims worldwide. Evan Frederick Light appeared before U.S. Magistrate Judge Veronica Duffy on September 30, 2024, where he pleaded guilty to Conspiracy to Commit Wire Fraud and Conspiracy to Launder Monetary Instruments. The Cyber […]
U.S. authorities have charged Russian citizens Sergey Sergeevich Ivanov and Timur Shakhmametov for allegedly operating a cryptocurrency money laundering service tied to Russian cybercrime. The U.S. Department of State has issued a $10 million bounty for information leading to the arrest or conviction of each. International Crackdown on Russian Cybercrime The United States Treasury, in […]
A London resident has become the first person in the UK to be charged with operating a Bitcoin ATM without proper registration. Habibur Rahman, 37, of Langdon Crescent, East Ham, was arrested on April 28, 2023, following a raid by Kent Police at a gadget shop in Chatham. Medway Trader Faces Charges for Laundering £300,000 […]
In a concerning trend, TRM Labs found that illicit activity at crypto ATMs is significantly higher than in the broader crypto industry. This has prompted law enforcement and regulators across the world to leverage blockchain intelligence to investigate fraud and financial crime involving these machines. Increasing Illicit Activity at Crypto ATMs According to the latest […]
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