Category: Sentence
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Death sentence for real estate tycoon Truong My Lan upheld in Vietnam’s largest fraud case
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Breadcrumb links PMN BMN Business Article writer: Associated Press Anirudh Ghosal Published on December 3, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content HANOI, Vietnam (AP) — The death sentence for real estate…
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Fake Coinbase Website Mastermind Receives 5-Year Sentence
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An Indian man has been sentenced to 5 years in prison for a multi-million dollar scam via a fake Coinbase website. The two-year scheme took more than $20 million in cryptocurrency from hundreds of victims, which was used to fund the scammer’s lavish lifestyle. An Indian citizen is serving a…
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Why did Caroline Ellison get such a light sentence?
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Both the prosecution and the defense argued that Caroline Ellison should be sentenced to time served — without her, the extent of Sam Bankman-Fried’s crimes might never have been revealed. Caroline Ellison was a key member of Sam Bankman-Fried’s inner circle, and became a star witness against him during a…
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Former Nevada official gets life sentence for murder of reporter By Reuters
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By Andrew Hay LAS VEGAS (Reuters) – A Las Vegas jury on Wednesday convicted a former elected official of killing an investigative journalist who wrote critical articles about him and sentenced him to life in prison with the possibility of parole after 20 years. Robert Tellis, a former Clark County…
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Hacker Elliot Gunton Get 3.5 Years Sentence In Coinbase Scam
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In a significant development in the ongoing battle against cybercrime, a young hacker named Elliot Gunton from the United Kingdom has been sentenced to 3.5 years in prison for orchestrating a sophisticated phishing scam that led to the hacking of more than 500 accounts. Coinbase The case resulted in the…
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Hacker Elliot Gunton Get 3.5 Years Sentence In Coinbase Scam
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In a significant development in the ongoing battle against cybercrime, a young hacker named Elliot Gunton from the United Kingdom has been sentenced to 3.5 years in prison for orchestrating a sophisticated phishing scam that led to the hacking of more than 500 accounts. Coinbase The case resulted in the…
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China’s First Crypto Fraud Trial Ends With Student’s 4-Year Prison Sentence
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In a groundbreaking case that attracted significant attention in China, a university student named Yang Qichao was sentenced to 4 years and 6 months in prison and fined 30,000 yuan ($41,000) for “fraud” in issuing a cryptocurrency called BFF on Binance’s BNB chain. . The case, which took place in…
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China’s First Crypto Fraud Trial Ends With Student’s 4-Year Prison Sentence
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In a groundbreaking case that attracted significant attention in China, a university student named Yang Qichao was sentenced to 4 years and 6 months in prison and fined 30,000 yuan ($41,000) for “fraud” in issuing a cryptocurrency called BFF on Binance’s BNB chain. . The case, which took place in…
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Former CEO Starts Prison Sentence for Dirty Money
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The Lompoc Federal Correctional Institution closed its doors on a fallen giant this week. Changpeng Zhao, known as “CZ” and the billionaire founder of Binance, the world’s largest cryptocurrency exchange.He began imprisonment for four months A penalty for failing to prevent money laundering on its platform. Binance case spurs regulation…
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Former CEO Starts Prison Sentence for Dirty Money
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The Lompoc Federal Correctional Institution closed its doors on a fallen giant this week. Changpeng Zhao, known as “CZ” and the billionaire founder of Binance, the world’s largest cryptocurrency exchange.He began imprisonment for four months A penalty for failing to prevent money laundering on its platform. Binance case spurs regulation…
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Former Investment Banker Receives 41-Month Sentence for Crypto Fraud
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Rashawn Russell, a former investment banker, was sentenced to 41 months in prison for cryptocurrency-related wire fraud and access device fraud. Russell was sentenced in Eastern New York District Court in Brooklyn after pleading guilty in September 2023. Former $1.5 Million Cryptocurrency Banking Fraud Prosecutors Hinge Russell began soliciting investments…
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US Prosecutors Push for 5-7 Year Prison Sentence for Ex-FTX Exec
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Federal prosecutors are demanding a five- to seven-year prison sentence for former FTX CEO Ryan Salama, who was implicated in its multibillion-dollar collapse. His defense team asserts that his sentence should reflect his role in exposing the fraud, and is demanding a reduced sentence of no more than 18 months.…
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Former FTX Exec Ryan Salame Requests 18 Months Prison Sentence
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Lawyers for Rayan Salama, the former CEO of bankrupt cryptocurrency exchange FTX, who pleaded guilty for his role in the company’s collapse, have asked the court to sentence their client to 18 months in prison at his next hearing scheduled for May 28. according to Judgment memorandum According to what…
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Tornado Cash Developer Fails to Mix Himself Out of 64-Month Prison Sentence
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The Oost-Brabant District Court in the Netherlands has sentenced Alexei Burtsev, co-developer of popular cryptocurrency mixing tool Tornado Cash, to 64 months in prison for his role in creating and maintaining the platform. The court alleges that Tornado Cash enables “criminal activity and terrorism” by concealing the origin, destination and…
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Binance Founder CZ’s First Words After Receiving 4-Month Prison Sentence
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Binance founder and former CEO – Changpeng Zhao also known as CZ – received a four-month prison sentence after pleading guilty to violating US anti-money laundering laws at the world’s largest cryptocurrency exchange. In his first tweet after the ruling, CZ revealed his intention to remain an investor and passive…