Forensic Update

Reflections on information management within the legal and regulatory arena

Archive for the ‘Digital Assets’ Category

Today’s #GoodGuysPrevail Update…

Posted by Johnny Lee on August 8, 2022

The U.S. Department of Justice recently charged six defendants in four separate crypto-related fraud cases:

  • the largest known #NFT scheme charged to date;
  • a global #Ponzi scheme involving unregistered securities;
  • a fraudulent #ICO; and
  • a fraudulent investment fund.

Like prior #GGP updates, these cases reflect the herculean efforts of coordinated #lawenforcement and #digitalforensic efforts. Kudos to the Federal Bureau of Investigation (FBI), the United States Attorneys’​ Offices, the Department of Homeland Security, Office of Inspector General.

If you believe that you are a victim of the Baller Ape Club, EmpiresX, TBIS, and Circle Society schemes, please visit the DOJ website for details on how to submit your “Victim Impact Statement” (and thereby register as a victim).

#ruleoflaw #fraudinvestigations #cybercrime #cryptoassets #digitalassettracing #digitalassetrecovery #forensicinvestigation #forensicaccounting #karma #AisA #digitalassets

Posted in Computer Forensics, cryptocurrency, Digital Assets, eDiscovery, Forensic Accounting, Information Security, Investigations, Privacy | Tagged: | Leave a Comment »

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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