FraudCase

Ex-Celsius CEO Alex Mashinsky Expected to Plead Guilty in Major U.S. Fraud Case

19 days ago

In a significant development in the world of cryptocurrency, Alex Mashinsky, the former CEO of Celsius Network, has reportedly agreed to plead guilty to charges of fraud. This revelation comes amidst ongoing legal scrutiny surrounding his company's collapse, which had profound implications for investors and the cryptocurrency industry at large.

Ex-FTX Executive Gary Wang Escapes Jail Time Amid Shocking Fraud Case

1 month ago

In a significant development concerning the high-profile FTX fraud case, Gary Wang, a former executive at the bankrupt cryptocurrency exchange, has received a sentence of probation instead of prison time. This surprising outcome comes as Wang had previously pled guilty to charges of fraud, marking a notable moment in the ongoing saga of FTX's dramatic downfall.

Singapore Oil Tycoon Ok Lim Sentenced to 17.5 Years for Fraud Scheme

1 month ago

In a significant ruling that underscores the legal repercussions of financial misconduct, Ok Lim, a prominent oil tycoon from Singapore, has been sentenced to 17.5 years in prison. Lim, who was at the helm of a major oil trading firm, was found guilty of orchestrating a large-scale fraudulent scheme that led to substantial financial losses for creditors.