Forensic Update

Reflections on information management within the legal and regulatory arena

Today’s #GoodGuysPrevail Update…

Posted by Johnny Lee on September 20, 2021

This is a big one…likely the largest #cryptocurrency #fraud scheme ever criminally charged. Earlier this week, the U.S. Department of Justice secured the conviction of one of the architects of the #BitConnect “platform”, a #ponzischeme that defrauded thousands of worldwide investors of over $2 billion USD.

Kudos to the multi-jurisdictional #investigative effort that involved the Federal Bureau of Investigation (FBI), the Internal Revenue Service, and #lawenforcement partners in India, Slovenia, and several other jurisdictions around the world.


In related news, the U.S. Securities and Exchange Commission announced a parallel action against this same actor (and three of his co-conspirators), including civil charges connected with the same conduct.

#digitalcurrency #blockchain #securitieslaw #digitalforensics #cryptocurrencies

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