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Tag: Crypto Fraud

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$1.1M Penalty Slammed on Mosaic Exchange in Crypto Fraud Scandal
A crypto firm has been fined $1.1 million for deceiving customers and misusing funds, as the CFTC highlights growing concerns about unregistered investment schemes. CFTC Strikes: Fraudulent Crypto Firm Banned, $1.1 Million Fine Issued The Commodity Futures Trading Commission (CFTC)… Read full article
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Pastor Indicted For $25M Crypto Fraud, Claims Scheme Came ‘In A Dream’
A pastor in Washington state has been indicted on 26 counts of fraud, accused of orchestrating a $25 million cryptocurrency scheme that defrauded over 1,500 investors.
Francier Obando Pinillo, 51, allegedly used his position as a pastor to lure congregants… Read full article
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