February 05, 2025
A Florida federal court has entered a default judgment against two Brazilian co-founders and the head trader of the EmpiresX trading platform, ordering them to pay more than $129 million for allegedly taking investor funds in a fraudulent commodity pool scheme and lying that their money wasn't used to trade cryptocurrencies.
September 08, 2022
The purported head trader of a cryptocurrency platform prosecutors allege was a Ponzi scheme pled guilty to one count of securities fraud in a Florida federal court Thursday, with the government agreeing to dismiss the only other count against him.
June 30, 2022
The U.S. Department of Justice announced Thursday it charged three men who ran a purported hedge fund in Florida with wire fraud and securities fraud for allegedly generating $100 million in a cryptocurrency-based Ponzi scheme.