Sunday, 22 May 2022

 

 

LATEST NEWS With Punjab Cm’s Concerted Efforts, Goi Agrees To Procure Moong On Msp DGP Punjab Chairs High-Level Meetings In Amritsar & Jalandhar, Reviews Law & Order And Crime Situation Jai Ram Thakur inaugurates 33 KV power sub-station worth Rs. 3.34 crore and bridge over Tirthan Khud of Rs. 4.40 crore at Balkichowki in district Mandi TEA: Know its origin, types, significances & some interesting facts Ashish Dixit enjoys essaying Vikram Kakkar in 'Parineetii' NASA figuring out mysterious readings from interstellar spacecraft Voyager 1 Verka milk to be costlier now Archery World Cup: Indian men's compound team cliches gold after beating France Mouni Roy reveals her childhood nightmare on 'DID L'il Masters 5' Karnataka cabinet expansion again on backburner as CM says matter not discussed in Delhi Manoj Bajpayee interacts with 200 CRPF jawans in Jharkhand Siddhant Chaturvedi surprises fans by making special appearance at Divine's concert Arbaaz Khan Celebrated Girlfriend Giorgia Andriani’s Birthday, Shehnaaz Gill Spotted In Party Message of Sheikh Majid Al Moula to the Government of Haryana, if any person from the state wants to do business in Dubai, then all possible help will be provided Vikrant Rona: Video Of First Song ‘Ra Ra Rakkamma’ To Be Out On THIS Date Kenisha Awasthi's Summer look is raising temperatures everywhere Skin-Cancer- Meaning, Symptoms, Screening, Treatment & Prevention Punjab Govt Focusing On Education & Employment To Stop Brain Drain : Bram Shanker Jimpa Direct Seeding of rice starts in Nawanshahr Milkfed increases milk procurement price by Rs. 20 per kg fat : Harpal Singh Cheema Laal Singh Chaddha: Trailer Of Aamir Khan & Kareena Kapoor Starrer To Release On THIS Date

 

US seizes $56 mn in crypto fraud, to pay victims in dollars

Cryptocurrency, Bitcoin, Ethereum, Crypto Investors, Crypto, Digital Coin

Web Admin

Web Admin

5 Dariya News

San Francisco , 19 Nov 2021

The US government has seized approximately $56 million worth of cryptocurrency -- the largest ever in the country -- from a self-described "number one promoter" of BitConnect, a cryptocurrency.The US Department of Justice intends to sell the coins and use the proceeds to reimburse victims.According to court documents, Glenn Arcaro, 44, of Los Angeles, pleaded guilty to participating in a massive conspiracy to defraud BitConnect investors in the US and abroad, in which investors were fraudulently induced to invest over $2 billion.The BitConnect scheme is the largest cryptocurrency fraud scheme ever charged criminally, the Department of Justice said in a statement this week.

The government will maintain custody of the seized proceeds in cryptocurrency wallets and intends to use these funds to provide restitution to the victims pursuant to a future restitution order by the court at sentencing.Arcaro is scheduled to be sentenced on January 7, 2022, and faces a maximum penalty of 20 years in prison.While BitConnect largely traded in Bitcoin, the US government plans to reimburse victims in US dollars.The law enforcement arm of the US Postal Service will be helping convert the crypto to fiat currency.The government has set up a website for victims who are looking for compensation, the statement said.

 

Tags: Cryptocurrency , Bitcoin , Ethereum , Crypto Investors , Crypto , Digital Coin

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2022 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD