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Showing posts from September 20, 2024

Court Orders New York Man to Pay $36M for Forex, Digital Asset Fraud

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William Koo Ichioka has been ordered to pay over $36 million after admitting to a forex and digital asset fraud scheme. His scam, which started in 2018, involved falsifying financial documents and misusing investor funds for personal luxuries like cars and jewelry. In addition to financial penalties, Ichioka faces prison time. The Commodity Futures Trading […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/SsVYKPg

US Sentences Nigerian Darknet Fraud Leader to Five Years in Prison for $6M Scheme

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A Nigerian national has been sentenced to five years in federal prison for his role in a massive darknet fraud scheme that intended to cause over $6 million in losses, according to the U.S. Department of Justice (DOJ). Using various online aliases, Kaura led a global network selling stolen payment card data, using cryptocurrencies like […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/SsVYKPg

FATF Urges India to Strengthen Virtual Asset Regulation

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India has achieved a high level of technical compliance with Financial Action Task Force (FATF) standards, addressing illicit finance, money laundering, and terrorist financing. In a joint assessment with regional bodies, the FATF praised India’s progress but pointed out areas needing improvement, especially in regulating the non-financial sector and virtual asset providers. The country was […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/SsVYKPg

JPMorgan Forecasts Potential 50bps Rate Cut in November Following Recent Fed Move

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JPMorgan Chase sees the possibility of the Federal Reserve making another significant rate cut in November, possibly by 50 basis points. The bank, which predicted this week’s half-point cut, believes further reductions are likely if the job market weakens. While some other Wall Street firms have adjusted their outlooks, JPMorgan remains confident in its forecast, […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/SsVYKPg