Tag: FBI

The FBI has arrested the CEO of Dallas-based AriseBank on November 28, 2018, reports Dallas News.  The arrest was made after allegations of company CEO, Jared Rice Sr. duping hundreds of investors out of more than $4 million. Reportedly, Rice had tricked the investors into a ponzi cryptocurrency scheme, promising them federally insured accounts and VISA approved crypto credit cards….

READ MORE

While the ethos of digital currencies is rooted in anonymity and privacy for the transacting parties, a New York-based company believes it can unravel blockchain’s data to uncover the person/s behind suspicious accounts. Anonymous? Not so Much As per a Fortune report on July 27, 2018, blockchain security company Chainalysis has a team of cybersecurity experts and computer researchers who…

READ MORE

The United States Central Intelligence Agency (CIA) has stated that it is not willing to confirm or deny rumors alleging that it knows the true identity of the elusive Bitcoin founder Satoshi Nakamoto. The Search for Satoshi The statement was made in response to a Freedom of Information Act (FOIA) request made to the agency by Vice News reporter David…

READ MORE

The online classified website Backpage, which was previously accused of facilitating prostitution, has finally been seized by American law agencies. Prostitution, not Dating Advertisements The move came after a grand jury in Arizona indicted seven employees of the company on March 28, 2018. It is alleged that executives of the website took no action despite having direct knowledge of the…

READ MORE

On January 30, social media giant, Facebook updated its ads policy, prohibiting adverts that promote cryptocurrency and ICOs. While many believed that Facebook’s decision is an unforced decision made to eradicate scam ICO schemes, the latest report has emerged, revealing that the FBI actually pressured Facebook to ban crypto-related adverts. Now, the federal authority is trying to force Google to…

READ MORE

The Federal Bureau of Investigation (FBI) and the US Department of Justice (DoJ) have arrested a man in Connecticut for allegedly stealing over six figures worth in dollar terms of bitcoin from over 10,000 dark web marketplace users. Michael Richo, a 32-year old man, received five counts of criminal charges, including access device fraud, computer fraud, wire fraud, aggravated identity…

READ MORE

At the Symantec Government Symposium in Washington DC, FBI Director James Corney released the agency’s strategy to “break” data encryption methods in 2017. Leading economists including Nobel-winning Joseph Stiglitz have also praised the government’s efforts of “shutting down” cryptographic networks like Bitcoin. Most financial institutions, leaders, and economists believe that bitcoin, as a form of money, must be regulated and…

READ MORE

K2 Intelligence has recently announced the addition of two senior executives, Dana Syracuse and Vincent D’Agostino. A leader in the industry, K2 Intelligence offers investigative, compliance, and cyber defense services to governments, companies, boards, and individuals. Dana V. Syracuse, former Associate General Counsel of the New York State Department of Financial Services (NYDFS), will join as Managing Director of the…

READ MORE