An orthopedic surgeon in Texas orchestrated a massive fraud scheme that drained more than $100 million from the healthcare system, according to the U.S. Department of Justice. The DOJ says 61-year-old Michael Taba accepted bribes and kickbacks from pharmacy owners to prescribe medication that was unnecessary. Between May 2014 and March 2017, prosecutors say Taba…
TLDR Senate Democrats urged the Justice Department and Treasury to investigate Binance over alleged Iran sanctions violations. Lawmakers cited reports that $1.7 billion in digital assets moved to Iranian entities through Binance. The senators raised concerns that Binance may have breached its 2023 federal settlement obligations. The letter referenced Binance’s ties to a Trump family-backed…
Despite pleading guilty to serious AML violations, Paxful received a reduced $4 million penalty instead of the $112.5 million figure agreed by the parties. Peer-to-peer virtual asset trading platform Paxful has been sentenced to pay a $4 million criminal penalty after pleading guilty to multiple federal offenses, according to an official press release from…
Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill have decided to plead guilty to charges related to their mixer service. The pair had previously denied guilt in April 2024 and had made several attempts to have their lawsuit dropped. Pleas Changed on Wednesday According to court documents shared earlier in the week, the executives agreed…
U.S. Attorney General Pam Bondi has directed Deputy Attorney General Todd Blanche to initiate direct talks with Ghislaine Maxwell’s legal team and possibly Maxwell herself, marking a dramatic new phase in the Department of Justice’s handling of the Epstein case. Trump Administration Opens Door for Ghislaine Maxwell Meeting Attorney General Pam Bondi has ordered Deputy…
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OKX announced on Tuesday that it is reopening its U.S. crypto exchange and introducing a new Web3 wallet for American users. The move follows a $505 million deal with the U.S. Department of Justice (DOJ) earlier this year. The Launch Details “We’re officially launching in the U.S. with our centralized exchange and powerful multi-chain Web3…
The U.S. Department of Justice (DOJ) has announced that it will no longer pursue criminal cases against crypto exchanges, developers, or users involved in regulatory violations. This follows the disbanding of the National Cryptocurrency Enforcement Team (NCET), a specialized unit that focused on crypto-related criminal activities. A Shift In Focus In a memo sent to…
The U.S. Department of Justice dismantled its National Cryptocurrency Enforcement Team in a move away from sweeping regulation and toward a narrower focus on prosecuting serious criminal activities involving digital assets, CNBC reported. The change aligns with President Donald Trump’s pro-crypto policy agenda and underscores his administration’s commitment to roll back Biden-era regulatory actions. DOJ…
Ilya Lichtenstein, a 35-year-old programmer, was sentenced to five years in prison for his part in laundering Bitcoin stolen from the Bitfinex crypto exchange. The U.S. Department of Justice (DOJ) announced the sentence, marking a significant development in a case involving the theft of nearly 120,000 BTC, valued at $71.8 million in 2016 but worth…