GEORGE TOWN: A massive forex investment scam that has allegedly defrauded 388 victims across multiple countries of RM104.75mil since 2016 has prompted calls for swift action. The scam, allegedly orchestrated by individuals claiming to be Russian financial experts, promised high annual returns of 20-30%. The victims, ranging from professionals to retirees, claimed that after payments ceased in...
The UK government was founded by the blockchain analytics platform that held billions of dollars in Bitcoin in the past few years. Arkham Intelligence, on the on-chain analytics data on Dec. 06, has found the wallet that is connected to the UK government that holds 61.245k Bitcoin btc1.77%Bitcoin worth $6 billion. This wallet has also gained profit from the Bitcoin...
The celebrities had allegedly helped convince victims to join the pyramid scheme by enticing them to buy health and dietary supplements by The iCon Group and making financial commitments. A pyramid scheme fraud case has gripped Thailand after 18 people, including A-list stars, were arrested and assets worth 225 million baht (S$8.8mil) seized in connection with the case...
KUALA LUMPUR: Borrowing money from loan sharks is already stressful, but a new wave of deceit has emerged as scammers now attempt to intercept payments from victims to these illicit lenders. One such victim is a 36-year-old who wanted to be known only as Ah Chung, who lost RM1,000 to a scammer after borrowing money for...
JOHOR BARU: A local accountant has been swindled out of more than RM2.2mil after falling for a fraudulent investment scheme. Johor police chief Comm M. Kumar reported that the 75-year-old man was misled by a message from an unknown source promising high returns via an investment app. "On December 19 last year, the victim was told about...
Thomas John Sfraga, known as “TJ Stone,” entered a guilty plea to wire fraud charges in a Brooklyn federal court on Thursday. According to the U.S. Department of Justice, Sfraga was accused of deceiving investors with the promise of up to 60% returns within three months through a non-existent cryptocurrency digital wallet. Instead of fulfilling these promises, he...
Geneva (AFP): Lawyers for two men accused of embezzling US$1.8bil (RM8.61bil) from the Malaysian sovereign wealth fund 1MDB began laying out their case Thursday (April 18) after Swiss state prosecutors sought hefty jail terms. PetroSaudi chief executive Tarek Obaid, and Patrick Mahony, a director at the Saudi oil exploration and production company, are on trial at...
Geneva (AFP): Lawyers for two men accused of embezzling US$1.8bil (RM8.61bil) from the Malaysian sovereign wealth fund 1MDB began laying out their case Thursday (April 18) after Swiss state prosecutors sought hefty jail terms. PetroSaudi chief executive Tarek Obaid, and Patrick Mahony, a director at the Saudi oil exploration and production company, are on trial at...
A group known for its past blockchain fraud activities has reportedly launched a fresh scheme on Blast. According to ZachXBT, an on-chain detective, the group has moved approximately $1 million in laundered funds to Base to fuel its new scam. The unnamed group initially transferred the funds from an Ethereum (ETH) address linked to previous scams, from...
The Nigerian government has located Binance executive Nadeem Anjarwalla in Kenya after he escaped custody. The government is now hoping to bring him back to Nigeria. Punchng.com, citing sources within the Nigerian presidency working on the case, confirmed that Anjarwalla’s whereabouts in Kenya are known. Efforts are underway to coordinate with Kenyan authorities to return him to Nigeria. Anjarwalla is believed...
