Category: Authorities
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US Authorities Indict Las Vegas Man In $24 Million Ponzi Scheme
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Investor EmpiresThe American authorities in the state of Nevada accused Las Vegas Brent C. If convicted, Kofar faces a long period of imprisonment with a fine of $ 4.5 million. The US government opposite Brent C Kofar in press release On February 14, the US Prosecutor’s Office in Nevada County revealed…
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Thai Authorities Raid Bitcoin Mining Farm Over Multi-Million Baht Electricity Theft
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Investor EmpiresThailand is on a mission to tackle illegal mining operations that are causing massive power outages in its capital, Bangkok, and surrounding areas. In its latest campaign against these unregistered operations, the Kingdom’s Electricity Authority (PEA) announced that it had closed the station Illegal bitcoin mining farm (Phanat Nikhom District,…
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Authorities Tighten Grip on Rising Crypto Scams and AI Fraud: Over $4 Million Recovered
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Investor EmpiresAuthorities around the world appear to be stepping up their efforts to combat cryptocurrency and AI-related scams, as these threats continue to evolve and target unsuspecting victims. Recent cases from Vietnam, the United States and Hong Kong highlight the increasing sophistication of these criminal activities and the global response to…
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Crypto Mining Firm Obtains TRO Against Arkansas Authorities
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Investor EmpiresA US federal judge in Little Rock has temporarily blocked efforts by the state of Arkansas to shut down a cryptocurrency mining company owned by a Chinese-born man. The ruling comes after the company requested a temporary restraining order (TRO) claiming unlawful discrimination. US federal judge grants temporary restraining order…
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South Korean Authorities Crack Down On Spot And Futures
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Investor EmpiresThe South Korean Financial Supervision Authority (FSS) has once again confirmed this Bitcoin ban Spot contracts as well as futures contracts for exchange-traded funds (ETFs) have drawn criticism from industry participants and legal practitioners. This is part of an overhaul of regulations that have kept the cryptocurrency market more or…
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$380 Million Bitcoin Seized By Irish Authorities Stuck In Limbo Over Missing Password
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Investor EmpiresIreland’s Criminal Assets Bureau (CAB) is facing major challenges in accessing €350 million, or approximately $383 million, in Bitcoin (BTC) seized from a former drug dealer. The cryptocurrency is currently stored in 12 separate currencies governorIt has become a point of contention for the Irish agency, which has been unable…
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$380 Million Bitcoin Seized By Irish Authorities Stuck In Limbo Over Missing Password
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Investor EmpiresIreland’s Criminal Assets Bureau (CAB) is facing major challenges in accessing €350 million, or approximately $383 million, in Bitcoin (BTC) seized from a former drug dealer. The cryptocurrency is currently stored in 12 separate currencies governorIt has become a point of contention for the Irish agency, which has been unable…
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Authorities arrest a relative of the King of Jordan and 3 others for $1M insider-trading plot
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Investor EmpiresBreadcrumbs Path Links BMW PMN Business Article author: Published on September 15, 2024 • Read for 2 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content MIAMI (Reuters) – Authorities have charged four men, including a relative of…
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South Korean Authorities Launch Deepfake Probe
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Investor EmpiresAuthorities in South Korea have stepped up efforts to combat a rampant rise in fake videos, especially explicit material targeting women and teenagers. But how much of a step does this investigation into the messaging platform Telegram represent? Amid public and political outrage alike, the Seoul Metropolitan Police have launched…
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South Korean Authorities Launch Deepfake Probe
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Investor EmpiresAuthorities in South Korea have stepped up efforts to combat a rampant rise in fake videos, especially explicit material targeting women and teenagers. But how much of a step does this investigation into the messaging platform Telegram represent? Amid public and political outrage alike, the Seoul Metropolitan Police have launched…
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Suspects in $14m Holograph hack arrested by EU authorities
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Investor EmpiresPolice in Italy and France have arrested several people in connection with a $14 million attack on the Holograph cryptocurrency protocol. In a detailed post on X on August 14, the multi-chain token platform reported that law enforcement authorities in France and Italy have made multiple arrests of individuals suspected…
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Brazilian authorities are investigating the cause of the fiery plane crash that killed 61
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Investor EmpiresBreadcrumbs Path Links BMW PMN Business Article author: Associated Press Mauricio Savarese, Gabriela Sa Pessoa, and David Koenig Published on August 10, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content VINEDO, Brazil…
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New York authorities charge Michael Lauchlan
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Investor EmpiresManhattan District Attorney Alvin Bragg announced criminal charges against Michael Lauchlan for his involvement in a fraudulent crypto asset recovery operation. Lauchlan, who operates under the alias Max Handler, allegedly defrauded customers through Coin Dispute Network (CDN) by falsely claiming to recover lost crypto assets. Lauchlan pretended to be the…
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Yen slides to fresh lows as Japan authorities stick to sidelines By Reuters
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Investor EmpiresBy Kevin Buckland TOKYO (Reuters) – The yen fell to a 38-year low against the dollar and a record low against the euro on Wednesday as the Japanese currency continued its slide with Japanese officials largely on the sidelines amid the risk of intervention. The dollar rose, recovering losses from…
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UK Authorities Nab Suspects In £1 Billion Digital Currency Scandal
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Investor EmpiresIn an important development within the UK cryptocurrency scene, authorities recently He was arrested Two people are linked to an illicit cryptocurrency exchange, said to involve more than £1 billion. The move underscores the ongoing efforts by regulatory bodies to crack down on unregulated financial activities in the cryptocurrency sector.…
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Exclusive-South Korea FX authorities aimed to cap dollar-won at 1,385, sources say By Reuters
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Investor EmpiresWritten by Cynthia Kim and Wina Park SEOUL (Reuters) – South Korea’s foreign exchange authorities view the 1,385 level as a line in the sand for the won against the dollar, citing recent measures to stem the currency’s weakness, two sources involved in the policy discussions told Reuters on Tuesday.…
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Indian authorities freeze Highrich Group’s assets over alleged crypto fraud
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Investor EmpiresIndia’s Enforcement Directorate (ED) has frozen nearly Rs 32 lakh ($3.83 million) worth of cash deposits and other assets linked to the Highrich online group. The group is under investigation for allegedly running a cryptocurrency Ponzi scheme. for every HindusCiting sources close to the matter, the ED investigation revealed that…
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Indian authorities freeze Highrich Group’s assets over alleged crypto fraud
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Investor EmpiresIndia’s Enforcement Directorate (ED) has frozen nearly Rs 32 lakh ($3.83 million) worth of cash deposits and other assets linked to the Highrich online group. The group is under investigation for allegedly running a cryptocurrency Ponzi scheme. for every HindusCiting sources close to the matter, the ED investigation revealed that…
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US authorities file charges against Joonko founder Ilit Raz
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Investor EmpiresA year after the Junco startup fraud scandal, the U.S. Securities and Exchange Commission (SEC) filed a civil complaint against Israeli businessman Ayelet Raz, the founder and former CEO of the company, alleging that he defrauded investors of up to at least $21. million dollars “by making false and misleading…
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Austrian, Cypriot, Czech Authorities Expose Crypto Scam, Six Arrested and €750,000 Recovered
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Investor EmpiresLaw enforcement agencies from Austria, Cyprus and the Czech Republic uncovered a cryptocurrency scam that defrauded millions of investors early this month. This international cooperation, supported by Europol and Eurojust, led to the arrest of six Austrian suspects and the seizure of significant cryptocurrency assets worth more than €500,000 and…