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Tag: Bitclub Network

August 24, 2023

The Vast Payment Network Around FCA-Regulated EMI Nvayo And The Aurea Lifestyle Scheme!

The U.S. national and UK resident Christopher Scanlon, 43, has been arrested in May 2023 at Miami International Airport over charges of running an unlicensed money transmitting business. He was the founder, president, and CEO of Aurae Lifestyle and Club Swan. From 2015 to 2019, Scanlon operated the scheme, which provided provided fiat and crypto financial services to customers of Aurae Lifestyle. The FCA restricted the activities of Nvayao Ltd, one entity of the Aurea Lifestyle scheme.

BitClub

October 8, 2018

THE BITCLUB NETWORK SCAM CASE: DAILY PAYOUTS STOPPED AND GPU MINING DISCONTINUED

Is the BitClub Network legit? The Club has just informed its members that from now on there will be no more daily payouts from GPU..

September 14, 2018

GAW MINING SCHEME : ANOTHER JAIL SENTENCE IN A CRYPTO-CRIME CASE

Josh Garza, the CEO of the collapsed cryptocurrency mining company GAW Miners, has been sentenced to 21 months in prison for defrauding $9.2 Million. Garza,..

Startup on Trial: Charlie Javice and the Frank Fraud – When Fake Users Fueled a $175 Million Acquisition

Charlie Javice, once hailed as a “female fintech prodigy,” now stands convicted of engineering one of the boldest startup frauds in recent history. Her student finance platform, Frank, was acquired by JPMorgan Chase for $175 million in 2021. What seemed like a triumphant exit turned out to be a carefully orchestrated lie — built on fake user data, fabricated customer lists, and manipulated metrics.

Startup on Trial: Alex Mashinsky Sentenced to 12 Years for Orchestrating Celsius Network FraudPC Gamer+5bloomberg.com+5Coindoo+5

In an expected decision underscoring the perils of unchecked ambition in the crypto industry, Alex Mashinsky, founder and former CEO of Celsius Network, has been sentenced to 12 years in federal prison. This sentencing follows his December 2024 guilty plea to securities and commodities fraud charges. Mashinsky was one of the crypto high-flyers in the crypto bull run 2020/21.

Investor Briefing: FinTelegram Confirms Negative Outlook For Alphabet (GOOGL)!

Alphabet Inc., the parent of Google, is under existential pressure for the first time in decades. With search traffic declining on key platforms like Apple Safari, a DOJ antitrust trial in full swing, and AI-powered rivals like ChatGPT and Perplexity eating into its moat, Alphabet's dominance is no longer a given. A recent 9% drop in its stock price — erasing $250B in market cap — signals market fear that the age of Google-as-default may be ending.

Legal Analysis: Landmark Ruling Against Moorwand Ltd in APP Fraud Case

The recent High Court ruling in the UK against Moorwand Ltd marks a watershed moment in the fight against authorised push payment (APP) fraud in the UK. The judgment held the FCA-regulated e-money institution liable for failing to prevent fraudulent transfers, reinforcing the application of the Quincecare duty to modern payment service providers.

DeFi Drama in the Dock – SafeMoon CEO John Karony on Trial for Massive Investor Fraud!

The sensational federal trial of SafeMoon CEO Braden John Karony kicked off in Brooklyn, promising to be one of the most explosive DeFi crime showdowns of the year. Karony stands accused of masterminding a multimillion-dollar scheme under the guise of a “decentralized” finance token that defrauded over a million investors. Former CTO Thomas Smith turned on him, founder Kyle Nagy reportedly hides in Russia.