Category: sentenced
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Craig Wright Sentenced To 1 Year In Prison: The Self-Proclaimed Bitcoin Creator Faces Justice
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Craig Wright, the computer scientist who claims to be Satoshi Nakamoto, was the elusive inventor of Bitcoin. convicted On Thursday, a British judge sentenced him to a year in prison for contempt of court. The decision, issued by Justice James Edward Mellor, follows a comprehensive analysis of Wright’s conduct, which…
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Early Bitcoin Investor Sentenced to Prison for Tax Evasion on $3.7 Million BTC Sale
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Follow Nicholas on ? here for daily posts An Austin, Texas, man, Frank Richard Algren III, has been sentenced to two years in prison for filing false tax returns that did not report capital gains from the sale of $3.7 million worth of Bitcoin, the US Department of Justice (DOJ)…
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‘Razzlekhan’ Sentenced To 18 Months
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In the latest development in the Bitfinex hack saga, Heather Morgan, known as “Razzlekhan”, has been sentenced to 18 months in prison for laundering 120,000 stolen bitcoins in 2016. The court decision comes after her husband was sentenced to 5 years in prison for money laundering and conspiracy to steal.…
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‘Razzlekhan’ Sentenced To 18 Months
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In the latest development in the Bitfinex hack saga, Heather Morgan, known as “Razzlekhan”, has been sentenced to 18 months in prison for laundering 120,000 stolen bitcoins in 2016. The court decision comes after her husband was sentenced to 5 years in prison for money laundering and conspiracy to steal.…
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Chinese Man Sentenced To Life For Selling State Info
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State authorities in China are now working to plug loopholes in national secrecy regulations after discovering that one of her colleagues had been assigned to a secret unit Selling state secrets To foreign contacts to repay their debts incurred from investment losses in cryptocurrencies. This incident prompted Chinese officials to…
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Crypto Ponzi Scheme Leader Sentenced to 10 Years by U.S. Court
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David Carmona, founder of cryptocurrency Ponzi scheme IcomTech, received a 10-year prison sentence following a court ruling last week. This development was revealed on October 4 by the US Attorney’s Office for the Southern District of New York. Carmona will spend 121 months in prison for cryptocurrency fraud According to…
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A tearful Caroline Ellison is sentenced to two years in prison for her part in the FTX collapse: ‘I’m sorry I wasn’t brave’
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On Tuesday, former FTX CEO Caroline Ellison stood on a podium on the 21st floor of a Manhattan courthouse, her voice cracking as she asked the judge to reduce her sentence. Her parents and two younger sisters watched as she addressed the court. “My mind can’t even comprehend the pain…
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Bitzlato Founder Sentenced to Prison for Facilitating Money Laundering
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On July 18, Judge Eric Vitaliano sentenced the founder of cryptocurrency exchange Pizzalato to 18 months in prison, time he has already served, for running an unlicensed money transfer business. Anatoly Legkodimov pleaded guilty last year to running an operation that facilitated the concealment of more than $700 million in…
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Bitzlato Founder Sentenced to Prison for Facilitating Money Laundering
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On July 18, Judge Eric Vitaliano sentenced the founder of cryptocurrency exchange Pizzalato to 18 months in prison, time he has already served, for running an unlicensed money transfer business. Anatoly Legkodimov pleaded guilty last year to running an operation that facilitated the concealment of more than $700 million in…
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Nishad Singh And Gary Wang, Former FTX Executives To Be Sentenced On Oct 20 And Nov 21
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Explosion FTX The infamous FTX scandal, in late 2022, was a watershed moment in the crypto world, with the exchange’s founder, Sam Bankman-Fried, at the center of the controversy. Nishad Singh, the former director of engineering, and Gary Wang, the former CTO, were key members of FTX’s executive team and…
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Nishad Singh And Gary Wang, Former FTX Executives To Be Sentenced On Oct 20 And Nov 21
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Explosion FTX The infamous FTX scandal, in late 2022, was a watershed moment in the crypto world, with the exchange’s founder, Sam Bankman-Fried, at the center of the controversy. Nishad Singh, the former director of engineering, and Gary Wang, the former CTO, were key members of FTX’s executive team and…
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British-Chinese Woman Sentenced to 6 Years for Laundering Bitcoin in $6B Scam
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In a high-profile case involving a large-scale cryptocurrency fraud, a British-Chinese woman, Jian Wen, has been sentenced to six years and eight months in prison for her role in laundering Bitcoin proceeds from a $6 billion investment scam in China. Wen, 42, was convicted in March of laundering bitcoin on…
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FTX’s Former Executive Ryan Salame Sentenced to Over 7 Years for Fraud and Conspiracy
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Ryan Salama, who was a high-ranking executive at cryptocurrency exchange FTX, was sentenced to more than seven years in prison on charges of fraud and conspiracy to operate an unlicensed money transfer business, the Financial Times reported. Rayan Salama, 30, pleaded guilty to charges of election fraud and conspiracy to…
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Singaporean Woman Sentenced in £3B Bitcoin Fraud Case
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A London court has sentenced a Singaporean woman, Wen Jian, to six years and eight months in prison for her role in laundering Bitcoin (BTC) linked to a stunning $6.4 billion Chinese scam. The case, which involved the seizure of more than 61,000 bitcoins by UK police, has highlighted the…
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Tornado Cash Dev Alexey Pertsev Sentenced to 64 Months in Prison
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Alexei Burtsev, the developer of the Ethereum-based Tornado Cash cryptocurrency mixer, was sentenced to 64 months in prison after a Dutch court found him guilty of money laundering on Tuesday. The judge stated that the platform was “intended for criminals” and that Burtsev should have suspected the criminal origins of…
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Tornado Cash Dev Alexey Pertsev Sentenced to 64 Months in Prison
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Alexei Burtsev, the developer of the Ethereum-based Tornado Cash cryptocurrency mixer, was sentenced to 64 months in prison after a Dutch court found him guilty of money laundering on Tuesday. The judge stated that the platform was “intended for criminals” and that Burtsev should have suspected the criminal origins of…