Forensic Update

Reflections on information management within the legal and regulatory arena

Archive for July, 2022

Today’s #GoodGuysPrevail Update…

Posted by Johnny Lee on July 27, 2022

Earlier this week, the United States Attorneys’​ Offices won a conviction against the fraudster behind the crypto scheme My Big Coin – the regrettably named defendant for a cryptocurrency shill: Randall Crater. As a refresher, this was a $6M USD scheme defrauding investors by marketing and selling non-existent virtual currency.

As with several prominent mentions in the press this week, including actions from both U.S. Securities and Exchange Commission and U.S. Department of Justice, the “fraud is fraud” theme was the central theory of this case. For those of us in the digital assets industry for some time now, this is just the latest example of things equalizing in this space (i.e., the grown-ups are now on scene).

Kudos to the Federal Bureau of Investigation (FBI), the USPS OIG, the U.S. Commodity Futures Trading Commission for its combined efforts in achieving this conviction.

#cryptocurrency #fraudinvestigations #digitalforensics #digitalassets #fraud #conviction #currency #scam #cryptofraud #lawenforcement #assettracing #assetrecovery #forensicinvestigation

Posted in Computer Forensics, cryptocurrency, CyberSecurity, Digital Assets, Fraud, Investigations, Privacy | Comments Off on Today’s #GoodGuysPrevail Update…

 
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