Charged with fraud by false representation

A Swedish citizen who promised investors huge returns in a gold and cryptocurrency investment scheme has pleaded guilty to securities fraud. Security Google: Bad bots are on the attack, and your defence plan is probably wrong Cyber security 101: Protect your privacy from hackers, spies, and the government The best antivirus software and apps The best VPNs for business and home use The best security keys for two-factor authentication How a hacker attempted to poison a city's water supply (ZDNet YouTube) On Thursday, the US Department of Justice (DoJ) said Roger Nils-Jonas Karlsson pleaded guilty to securities fraud, wire fraud, and money laundering in a case that the agency says defrauded investors out of over $16 million. The 47-year-old was the operator of Eastern Metal Securities (EMS), a now-defunct company that used a website to lure investors into participating in a scheme that promised incredible returns for their cryptocurrency. … [Read more...] about $100 in crypto for a kilo of gold: Scammer pleads guilty to investor fraud

Federal prosecutors have indicted noted cybersecurity eccentric John McAfee for securities and wire fraud for misleading investors at the peak of the last cryptocurrency boom. In late 2017 and early 2018, McAfee urged his hundreds of thousands of Twitter followers to invest in a number of obscure cryptocurrencies. Prosecutors say he failed to disclose his own financial stake in those tokens—and in some cases outright lied about it. McAfee has been in custody in Spain since his arrest at a Barcelona airport last October. He was already facing extradition to the United States on tax evasion charges; the self-described Libertarian hasn't filed a tax return for several years. Now he will face additional charges of securities and wire fraud alongside bodyguard Jimmy Watson, who allegedly helped McAfee carry out some of his pump-and-dump schemes. The criminal complaint covers much of the same ground as a civil lawsuit filed by the Securities and Exchange commission at the time of his … [Read more...] about Feds indict John McAfee for cryptocurrency pump-and-dump fraud

The Colorado attorney general, the Colorado Bureau of Investigation, the Colorado Department of Labor and Employment and district attorneys from across the state are teaming up to halt and prosecute a massive surge in identity theft cases related to the state’s unemployment insurance program. “We need to go after these scammers. This activity is criminal, it is reprehensible and we will do all we can to find the people practicing it and bring them to justice,” said Colorado Attorney General Phil Weiser on a joint press call Thursday announcing the creation of the Colorado Unemployment Fraud Task Force. The state labor department has flagged about 1.1 million unemployment claims as fraudulent since the pandemic began, a count that surpasses the number of legitimate claims made in the state, executive director Joe Barela, said. Prior to the pandemic, in 2019, the state investigated about 90 suspected cases of unemployment insurance fraud. Potential losses of around $7.5 billion … [Read more...] about Colorado law enforcement joining forces to crack down on unemployment insurance fraud

PHUKET: Immigration scooped up a Russian fugitive in Phuket who was wanted by Interpol in a more than 62-million-baht clairvoyance fraud case. Eldar Gasanguseynov, 29, was charged in Russia for ‘extremely large-scale misappropriation by fraud committed by the [sic] organized criminal group’. Working within an organized criminal group, Mr Gasanguseynov allegedly misappropriated money from people wishing to obtain parapsychological and extrasensory perception (ESP) services. Mr Gasanguseynov is wanted for fraudulent activities committed between October 18, 2010 and September 14, 2012, operating under the names of the following companies: Centre of Development; QuadroMed; AltraMed; AlphaMed; Biolife; and International Academy of Clairvoyance. Russia had cancelled Mr Gasanguseynov’s passport and his permit to stay in Thailand had expired, Phuket Immigration Office Chief Sunchai Chokkajaykij explained at a press conference today. “We only charged him for overstaying, as he has … [Read more...] about Russian fugitive arrested for role in multi-million-baht ESP fraud case

PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community Bank auditor jailed 20 years in billion-baht fraud case The Nation / Phuket Gazette PHUKET: A key suspect in the Bangkok Bank of Commerce (BBC) fraud scandal was yesterday sentenced to 20 years in prison, commuted originally from a total term of 155 years resulting from convictions on 31 counts of embezzlement and violation of a law regulating property management. Chattawat Muttamara, better known by his former name Weeraphol, was also ordered to reimburse 732.98 million baht to the BBC stakeholders, and to pay 31mn baht in total fines, 1mn baht for each count. Six other defendants in the case were acquitted yesterday by the Criminal Court, but two of his aides – Choochart Harnsawas and Manote Chaowarat – were ordered detained during the period of their appeals. The same charges against BBC president Krirkkiat Jalichandra were dropped because he has died. … [Read more...] about Bank auditor jailed 20 years in billion-baht fraud case