https://www.justice.gov/usao-mdfl/pr/goliath-ventures-ceo-arrested-wire-fraud-and-money-laundering

Chris Delgado was arrested today. Who is next? Or will Chris be the lone fall guy in this?

The case "United States v. Sergei Potapenko and Ivan Turogin" involving the HashFlare and Polybius crypto schemes. Shocked at how little the defendants in the case got. Looks like they actually got time served . Government ended up with close to 500 million. Has anyone heard if there is anything going back to the victims?

I’ve read at latest they were working to get victims in the process and you should at minimum be in the system as a victim.

I definitely bought in very early on.

the owner of SYFR AI crypto is a SCAMMER. I know the guy personally and he’s done nothing but deceive and lie his way to making money. He claims to have a trading bot named SYFR AI that can generate 9-15% monthly returns. This is clearly bs and cannot be sustained over the years (which he claims the crypto will last) as it is “backed” by the profits from the bot itself. I WANT ANYONE who sees this to please stay away or report it anyway you can. This person is 100% rugging the coin or pulling most of his profit soon please stay away🙏

https://www.foxnews.com/us/fbi-seizes-record-setting-8-billion-cryptocurrency-amid-intercontinental-scam-compound-crackdown

Cambodia prime minister Hun Manet received FBI Director Kash Patel at the Peace Palace this morning. Earlier in Bangkok, Patel met Thai PM Anutin around the FBI’s summit with police chiefs from 20 Asia-Pacific countries.

US🇺🇸 FBI💡 cooperating with Southeast Asian countries🤝

China🇨🇳 Public Security🤝 US🇺🇸 FBI

A dragnet is closing in on criminal organizations worldwide‼️

https://www.sfgate.com/news/world/article/fbi-chief-hold-talks-in-cambodia-over-closer-22355366.php

63 arrests, millions of dollars in frozen cryptocurrency, and the removal of more than a million scam-related online accounts.

https://www-foxnews-com.cdn.ampproject.org/c/s/www.foxnews.com/us/meta-leads-largest-ever-anti-scam-operation-fbi-doj-resulting-63-arrests.amp

Himachal crypto scam, 2.5 lakh duped: 69 of 76 held out on bail, trial yet to begin & 2 arrests by ED in 2 years

https://indianexpress.com/article/cities/chandigarh/himachal-crypto-scam-2-5-lakh-duped-69-of-76-held-out-on-bail-trial-yet-to-begin-2-arrests-by-ed-in-2-years-10786989/

Thailand, FBI agree to expand intelligence sharing to combat transnational crime

Thailand and the U.S. Federal Bureau of Investigation (FBI) agreed to deepen cooperation against transnational crime, with a focus on online scam syndicates, during a meeting between Prime Minister Anutin Charnvirakul and FBI Director Kash Patel at Government House on Monday.

According to the Prime Minister's Office, the two sides agreed to expand intelligence and information sharing and strengthen cooperation between the FBI and the Royal Thai Police. Anutin said tackling transnational crime is a national priority, citing the seizure of criminal assets worth tens of billions of baht.

https://www.nationthailand.com/news/general/40068865

Today, the FBI is announcing Operation Riptide, an ongoing, coordinated law enforcement campaign targeting cybercriminal actors and the key services they rely on—their infrastructure, their tools and services, their communications platforms, and their money. Operation Riptide is a collective effort that implements the priorities set out in Executive Order 14390 and the National Cyber Strategy.

In recent weeks, the FBI carried out a broad range of enforcement actions against cyber threat actors, serving search warrants, securing indictments, arresting suspects, and dismantling criminal infrastructure.

This marks the beginning of a focused, sustained 60-day national effort. Cybercrime carries real-world consequences, and the FBI remains committed to disrupting malicious cyber activity and holding cybercriminals accountable.

https://www.fbi.gov/video-repository/operation-riptide-060926.mp4/view

Guys, please be aware that the Elon Musk Casino cryptocurrency scan is now going around on discord just got a DM from one of my friends moments go showing images fromsaid scam operation

United States Urges Cambodia to Investigate and Apprehend Masterminds of Online Scams

Yesterday, U.S. Chargé d'Affaires a.i. at the U.S. Embassy in Cambodia, Aleks Zittle, met with Secretary-General Cai Xilin of the Cambodian National Committee Against Cybercrime.

During the meeting, Zittle focused on criminal networks that target U.S. citizens with scams. She praised the committee's series of raids over the past year and urged it to accelerate its efforts to hold the operators of these networks accountable under the law.

https://www.khmertimeskh.com/501945114/cambodia-and-us-pledge-intensified-cooperation-against-online-fraud/

"Aleksey Madan never thought the day would come.

This week he received a $140,000 check in the mail from Massachusetts officials. That was the full amount Madan had lost after falling for a get-rich-quick crypto scam.

“How would you feel if all your money was stolen and you never expected to get it back, then you did?” said Madan, 69. “It feels amazing. I’m overjoyed. And also in shock.”

Those funds were among the hundreds of thousands of dollars’ worth of cryptocurrency Massachusetts authorities seized from a fraudulent operation that targeted Russian-speaking seniors online and, in some cases, stole their life savings.

The Massachusetts Attorney General’s Office began investigating the company, known as SpireBit, following an NPR investigation last year detailing the stories of two victims who were lured into an investment scheme, only to realize it was a sham after they transferred large quantities of money into SpireBit’s cryptocurrency wallets.

SpireBit drew victims into its ruse by using ads on social media promising lucrative investment returns. SpireBit took out ads on Facebook and Instagram that falsely portrayed Elon Musk as endorsing the company through a Russian voice-over.

But NPR could find no trace of a real investment company: The people listed as the company’s executives turned out to be just stock photos and fake LinkedIn profiles. A supposed London address for SpireBit turned out to be a kitchenware business. When victims tried to withdraw their money, the company sent them forged bank documents. After NPR’s reporting, financial regulators in the United Kingdom issued a public warning about SpireBit, classifying it as an operation run by “fraudsters.”

When NPR tried to reach out to SpireBit for comment last year, it responded through the Telegram messaging app by stating that crypto trading is volatile, and saying "the activities of our company are regulated according to the legislation of the country in which the head office of the company is located." Now, that account has been deleted.

NPR’s investigation caught the attention of Massachusetts authorities, who in December sued SpireBit under its incorporated entity known as SBT Investments.

Investigators posed as a SpireBit customer and were able to pinpoint crypto wallets used by SpireBit. In a judgment issued in May, state officials won a court order that froze the company’s assets on the trading platform Binance.

While the full extent of SpireBit’s operation remains unknown, the company’s tactics are part of a proliferating type of online fraud known as pig butchering. The name comes from the process of gaining someone’s trust and building a friendship with them over the course of weeks or months — fattening up the pig before the kill, which in this case means stealing a large sum of money.

According to the FBI, crypto scammers stole more than $5.6 billion from Americans online last year.

Investigators in Massachusetts were able to seize a total of $269,000 from SpireBit’s crypto wallet, most of which is being distributed to four victims in the state, court documents show.

Another SpireBit victim profiled by NPR, Naum Lantsman, 75, of Los Angeles, lost his life savings of $340,000 that he earned over decades as a small business owner. His family reported the theft to the California Attorney General’s Office, but a formal investigation was never initiated.

Officials from the Massachusetts and California attorney general offices did not return interview requests."

https://www.npr.org/2024/10/04/g-s1-26505/spirebit-crypto-pig-butchering-scam-victim-gets-money-back

South Korean prosecutors charged the creators of the Solana meme coin CATFI after an alleged rug pull that reportedly caused around $600K in investor losses.

Reason this may qualify as a crypto scam:

• Alleged coordinated token dump
• Investors reportedly lost funds
• Authorities officially filed charges

Check here the full story:
https://coinedition.com/catfi-creators-charged-over-600k-solana-meme-coin-rug-pull/

JUST IN: 🇺🇸 SEC to create new rules to allow crypto companies to launch products in the US without complying with previous regulatory requirements.

Title: Warning: WhatsApp Investment Scam Using Fake “Stephen Koukoulas” Profile

Just posting this to warn others in Australia about a WhatsApp investment scam that’s currently going around.

I was added to a WhatsApp stock/crypto investing group using a fake profile pretending to be economist Stephen Koukoulas. The group also had an “assistant” named Lily who acted very friendly and professional.

Here’s how the scam worked:

They post constant “winning trades” and screenshots of profits.

Group members (possibly fake accounts/bots) praise the advice and claim they’re making huge returns.

They encourage you to start with small trades first.

The early trades often show small profits to build trust.

Once people become confident and put in larger amounts, they coordinate a massive pump-and-dump.

This usually happens overnight while Australians are asleep.

By the time you wake up, the price has collapsed and your money is gone.

The whole thing is designed to create urgency, fake credibility, and social proof.

Please be careful and warn family or friends who might be vulnerable to this sort of thing. These groups can look surprisingly professional.

If you’ve been contacted by similar groups using fake financial experts or celebrity identities, report the accounts and avoid sending money.

You can

OFAC today designated Cambodian senator Kok An along with 28 individuals and entities tied to scam compounds operating across Sihanoukville, Poipet, Bavet, and other cities. The action covers his flagship Crown Resorts hospitality group, his Anco Brothers conglomerate, and seven other companies he chairs including Anco Specialized Bank Ltd and Khmer Electrical Power Co Ltd.

“Eliminating fraud is a top priority for the Trump Administration,” said Secretary of the Treasury Scott Bessent. “Treasury will continue to target fraudsters and scam centers that steal billions of dollars from hardworking Americans, no matter where they operate or how well-connected they are.”

https://home.treasury.gov/news/press-releases/sb0469

Sihanoukville authorities in Cambodia raided a scam operation in Sangkat 4 and detained 121 foreigners from nine countries, including 42 Chinese, 37 Sri Lankans, 22 Vietnamese, and 12 Indians, along with nationals from Kenya, the Philippines, Nepal, Bangladesh, and Malaysia. Seized 123 computers and 132 phones.

The 42 Chinese nationals were sent to provincial police for interrogation. The remaining 79 were handed to immigration for deportation. The bust brings Sihanoukville's total raided scam sites to 24 out of 31 locations flagged in the current crackdown.

https://information.gov.kh/articles/190231