money laundering

  1. AlphaAtlas

    Report Reveals the Extent of Cryptocurrency Crime and Laundering

    According to a recent report on cryptocurrency money laundering from CipherTrace, "bad actors" stole or scammed about $1.7 billion US dollars of cryptocurrency in 2018. $950 million was stolen from "cryptocurrency exchanges an infrastructure," while "ICO exit scams, phony exchange hacks, and...
  2. cageymaru

    Department of Justice Charges Huawei and Its Executives with 23 Crimes

    A 10-count indictment was unsealed today that charged Huawei Device Co., Ltd and Huawei Device Co. USA with theft of trade secrets conspiracy, attempted theft of trade secrets, seven counts of wire fraud, and one count of obstruction of justice. The indictment details Huawei's efforts to steal...
  3. AlphaAtlas

    Criminals are Using Fortnite to Launder Money

    Last week, The Independent published a report on how criminals are allegedly using Fortnite to launder money. More specifically, some criminals are using dirty money from stolen credit cards to buy V-bucks in bulk, which they then turn around and sell on 3rd party websites. Given the sheer size...
  4. DooKey

    How Crooks Conduct Money Laundering Operations Through Mobile Games

    If there's a way to steal money on the internet you can bet it's going to happen. According to the DoJ a criminal gang mostly in the Middle East and SE Asia is laundering money through mobile games using fake Apple accounts. They establish iOS accounts with valid email addresses and then...
  5. R, CEO Plead Guilty in California, Texas, and Arizona

    In the cascade of events surrounding recently, chief executive Carl Ferrer has pleaded guilty of 3 counts of money laundering and one count on conspiracy in California, and human trafficking in Texas according to a report from The Associated Press. Ferrer will cooperate in...