Category: Jurisdiction

Disgraced former crypto mogul Sam Bankman FriedP
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April 21, 2025

Prison Update: Sam Bankman-Fried Transferred to Low-Security Federal Prison in Los Angeles​!

Sam Bankman-Fried (SBF), the founder of the now-defunct cryptocurrency exchange FTX, has been transferred to the Federal Correctional Institution (FCI) Terminal Island in Los Angeles, California. This low-security facility is known for housing non-violent offenders and has previously held notable inmates such as Ramesh "Sunny" Balwani, former COO of Theranos.
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Celsius Network founder Alex Mashinsky in handcuffs before courtS
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April 21, 2025

Startup on Trial: Celsius Network and Alex Mashinsky – When Deception Dressed Up as DeFi Innovation!

Celsius Network promised financial freedom through crypto, only to collapse into one of the most catastrophic failures in the DeFi sector. Founder Alex Mashinsky portrayed himself as the champion of the unbanked—yet behind the scenes, Celsius engaged in reckless trading strategies, misled customers, and operated more like a hedge fund than a lending platform.
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FinTelegram presents CZ and Binance in its Startup on Trial seriesS
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April 21, 2025

Startup on Trial: Binance and CZ – The Global Crypto Empire That Played by Its Own Rules

Binance, once celebrated as the world’s largest crypto exchange, fell from regulatory grace when founder Changpeng Zhao (CZ) pleaded guilty to money laundering charges in 2023. This case highlights how a tech behemoth grew rapidly by navigating around regulatory frameworks—and how global regulators, once slow to respond, eventually brought the empire to heel.
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trial for Frank founder Charlie Javice scheduled for Oct 2024F
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April 12, 2025

From Unicorns to Orange Jumpsuits: Charlie Javice’s Conviction Exposes Startup Fraud Epidemic

The U.S. national Charlie Javice, founder of college financial aid startup Frank, was convicted on March 28, 2025, on four felony counts: securities fraud, wire fraud, bank fraud, and conspiracy. The Manhattan federal jury found that Javice deceived JPMorgan Chase into acquiring Frank in 2021 by inflating its user base from 300,000 to 4.25 million, fabricating customer lists, and directing staff to falsify data.
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Rene Benko and his Signa Group are in troublesU
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April 9, 2025

Update: Gold, Foundations, and a Web of Influence – New Developments in the Benko Case!

As FinTelegram previously reported, the pre-trial detention of Austrian real estate magnate Rene Benko has been extended by another two months. But while Benko remains in custody, the investigators' attention is increasingly drawn to a suspiciously well-funded foundation in Liechtenstein — and to the opaque network surrounding the SilverArrow Capital Group and WEC.
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Austrian real estate investor Rene Benko arrestedU
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April 8, 2025

Update: Austrian Real Estate Tycoon Rene Benko Must Remain in Custody – FinTelegram Investigations in Focus

Vienna, April 2025 – The legal noose around Rene Benko, once hailed as one of Europe’s most influential real estate moguls, is tightening. The Vienna Regional Criminal Court has again extended his pre-trial detention by another two months. According to the court, there remains strong suspicion and a significant risk of the crime being committed again.
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OpenPayd lost case in MaltaO
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March 28, 2025

OpenPayd Faces Regulatory Trouble in Malta After Investor Compensation Ruling!

OpenPayd, a Malta-licensed payment institution long flagged by FinTelegram for its involvement in facilitating high-risk transactions and supporting scam-related financial infrastructure, has now been officially held liable by Malta’s Financial Arbiter. The ruling follows an investigation into a case in which an elderly woman was aggressively manipulated by fraudsters and lost her investment through an account operated via OpenPayd’s virtual IBAN infrastructure.
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FinTelegram and its radar to find the Signa moneyT
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March 26, 2025

The Swiss Armageddon: Signa’s Billion-Franc Shockwave And Some Questions!

The collapse of the Austrian Signa Group of Rene Benko is now unfolding as one of the largest financial scandals in Europe, with billions in value destroyed and a growing list of prominent investors and major banks left in its wake. Nowhere has the fallout been more acutely felt than in Switzerland. While Benko is in prison, the authorities and FinTelegram work to unearth the network and find the money.
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Former Austrian Finance Minister Karl-Heinz Grasser convictedC
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March 26, 2025

Corruption’s Dark Legacy: Lessons from the Grasser Case and Beyond!

The Austrian Supreme Court has delivered its remarkable verdict in the high-profile corruption case involving former Finance Minister Karl-Heinz Grasser, marking a significant moment in Austria's legal history. The court upheld the initial conviction but reduced Grasser's sentence from eight to four years in prison, citing the prolonged duration of the legal proceedings.
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Lykke founcer Richard OlsenF
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March 24, 2025

Financial Intelligence Report: Lykke Exchange Collapse

Swiss crypto exchange Lykke has collapsed following a major security breach in June 2024, resulting in the loss of approximately $22 million in customer funds. The incident led to the suspension of trading activities, bankruptcy proceedings, and significant financial losses for investors. This report analyzes the events leading to Lykke's downfall, the impact on stakeholders, and the ongoing legal actions.
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Hunting down Garantes administrator Aleksej BesciokovH
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March 23, 2025

Hunting Down: Background on The Arrest of Garantex Co-Founder Aleksej Bešciokov in India!

On March 13, 2025, Indian authorities arrested Aleksej Bešciokov, a Lithuanian national and alleged co-founder of the sanctioned Russian cryptocurrency exchange Garantex, in Kovalam, Kerala. The arrest followed an international law enforcement action Bešciokov now awaits extradition to Lithuania on charges of money laundering, sanctions evasion, and facilitating ransomware transactions.
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US DOJ indicts Garantex operatorsF
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March 21, 2025

FinTelegram Investor Briefing: Garantex Reemerges as Grinex Amid Sanction Evasion

Sanctioned Russian crypto exchange Garantex has allegedly relaunched under the brand Grinex, according to a March 2025 report by Swiss blockchain analytics firm Global Ledger. The rebranded platform is linked to Garantex through on-chain and off-chain evidence, including liquidity transfers, shared infrastructure, and operational patterns.
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