cryptocurrency

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The California Department of Financial Protection and Innovation (DFPI) announced it has entered into a settlement agreement with Nexo Capital Inc. (Nexo) to resolve the DFPI’s September 26, 2022 securities enforcement action in connection with Nexo’s Earn Interest Product program. Nexo, a Cayman Islands corporation formed in 2018, provides crypto-asset-related …continue reading

featured graphic for DFPI California Department of Financial Protection and Innovation after COVID-19

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The Department of Financial Protection and Innovation announced that it has ordered CONST LLC (doing business as “MyConstant”) to desist and refrain from violating the California Securities Law and California Consumer Financial Protection Law.   MyConstant operated an online platform offering several crypto-related services and products including (1) a peer-to-peer loan …continue reading

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Two Orange County men each were sentenced to federal prison terms for conning more than 2,000 investors into purchasing a cryptocurrency that purportedly provided exclusive access to a profitable trading program, and then using most of the $1.9 million raised to line their own pockets. Jeremy David McAlpine, 26, of …continue reading

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The CEO of Titanium Blockchain Infrastructure Services Inc. (TBIS) pleaded guilty Friday in the Central District of California for his role in a cryptocurrency fraud scheme involving TBIS’s initial coin offering (ICO) that raised approximately $21 million from investors in the United States and overseas. According to court documents, Michael …continue reading

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Earlier today, in federal court in Brooklyn, an indictment was unsealed charging Krstijan Krstic with conspiracy to commit securities fraud, securities fraud, conspiracy to commit wire fraud and conspiracy to commit money laundering for his alleged participation in a cryptocurrency scheme in which he solicited U.S. investors using two fraudulent …continue reading