Posts Tagged ‘The U.S. Justice Department’
Three Men Arrested In NJ For Running Alleged $722 Million Crypto Ponzi Scheme
United States authorities in New Jersey have announced the arrest of three men who are accused of defrauding investors of over $722 million as part of the alleged crypto Ponzi scheme BitClub Network, per a Dec. 10 announcement from the Department of Justice. The accusations against BitClub Network According to the press release, BitClub Network promised massive…
DoJ Strikes Deal To Recover $1 Billion From Mysterious Fugitive Mastermind Behind 1MDB Fraud
Several of its employees have been arrested, and a former top banker has already pleaded guilty and agreed to cooperate with prosecutors. The U.S. Justice Department has struck a deal with fugitive financier Jho Low – the mysterious financier who allegedly masterminded the theft of more than $4 billion from Malaysia’s 1MDB development fund – to recoup…