Nick Brown News

They are accused of defrauding hundreds of thousands of people, tricking them into entering into fraudulent rental contracts for crypto mining equipment and getting them to invest in a virtual currency bank that never launched.Victims paid more than $575 million to Potapenko and Turõgin’s companies. The men then used shell companies to launder the proceeds and to purchase real estate and luxury cars, according to the indictment.US Attorney Nick Brown for the Western District of Washington says: "These defendants capitalised on both the allure of cryptocurrency, and the mystery surrounding cryptocurrency mining, to commit an enormous Ponzi scheme."The men are charged with conspiracy to commit wire fraud, 16 counts of wire fraud, and one count of conspiracy to commit money laundering.

Following the death at the weekend of Carter McIntosh, a 28-year-oldassociate in Jefferies' telecoms media and technology (TMT) team, it's been suggested on social media that Jefferies immediately began advertising for a replacement. It didn't. Images circulating on social media showing an advertisement for a Dallas-based technology banking associate are understood to be fake.

The Estonian government has decided to renew the United States extradition of two alleged fraudsters accused of running a $575 million scheme, Estonian Public Broadcasting reports.

Two Estonian nationals have been arrested for alleged involvement in crypto-related fraud and money laundering activities worth some $575m.

The two founders of the now-defunct Bitcoin cloud miner HashFlare have been arrested in Estonia over their alleged involvement in a $575 million crypto fraud conspiracy.