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Cryptocurrency

Police & Fire
Cambridge Man Gets 5 Years For Buying More Than 2,000 Sexual Images Of Kids Ages 2-12: Feds Cambridge Man Gets 5 Years For Buying More Than 2,000 Sexual Images Of Kids Ages 2-12: Feds
Cambridge Man Gets 5 Years For Buying More Than 2,000 Sexual Images Of Kids Ages 2-12: Feds A 29-year-old Cambridge man was sentenced to five years in prison on Monday, Dec. 18, after he admitted to buying child sexual abuse material with cryptocurrency, authorities said.  David H. Chang pleaded guilty to one count of receiving child pornography in September, the US Attorney General for Massachusetts said.  Police began investigating Chang in 2021 when they traced Bitcoin cryptocurrency that had been used to buy child sexual abuse material on the dark web back to him, the prosecutor said. Investigators found 1,700 images and 360 videos — some up to 50 minutes in length —…

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by Josh Lanier
News
Former FTX CEO, MIT Grad Sam Bankman-Fried Charged With Defrauding Investors Of $1.8 Billion Former FTX CEO, MIT Grad Sam Bankman-Fried Charged With Defrauding Investors Of $1.8 Billion
Former FTX CEO, MIT Grad Sam Bankman-Fried Charged With Defrauding Investors Of $1.8 Billion The former CEO of what used to be one of the world's largest cryptocurrency companies has been charged with defrauding investors of almost two billion dollars, authorities said. The Securities and Exchange Commission (SEC) charged Samuel Bankman-Fried on Tuesday, Dec. 13, with defrauding FTX investors out of more than $1.8 billion.  The SEC alleges that Bankman-Fried raised the funds – including $1.1 billion from 90 US-based investors – by falsely promoting a safe, responsible cryptocurrency since May 2019.  "We allege that Sam Bankman-Fried built a house of cards on a foundation of dece…

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by David Cifarelli
Police & Fire
Mass Men Who Tried To Steal $530,000 Through People's Cell Phones Sentenced Mass Men Who Tried To Steal $530,000 Through People's Cell Phones Sentenced
Mass Men Who Tried To Steal $530,000 Through People's Cell Phones Sentenced Two Massachusetts men who pleaded guilty to taking part in a scheme to steal $530,000 worth of cryptocurrency and "OG" steal social media accounts will spend two years in federal prison, authorities said.  Eric Meiggs, 25, of Brockton, and Declan Harrington, 22, of Rockport, pleaded guilty earlier this year to one count of conspiracy, four counts of wire fraud, one count of computer fraud and abuse and one count of aggravated identity theft, the US Attorney for Massachusetts said. Harrington also copped to an additional count of wire fraud.  The men admitted they we…

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by Josh Lanier
Police & Fire
Men In Braintree, Canton, Winthrop, Saugus Helped Launder $25M In Drug Money: Feds Men In Braintree, Canton, Winthrop, Saugus Helped Launder $25M In Drug Money: Feds
Men In Braintree, Canton, Winthrop, Saugus Helped Launder $25M In Drug Money: Feds The FBI arrested nearly a dozen men in Massachusetts, Rhode Island, New York, and California this week as part of a money laundering operation that helped clean $25 million in drug cash, federal authorities said.  The arrests come after a months-long undercover investigation that followed how the organization moved kilos of cocaine and MDMA from Massachusetts and distributed it throughout the country, the US Attorney for Massachusetts said. The suspects thought they could hide the millions of dollars they made using cryptocurrency to avoid raising any alarms at a traditional bank, feder…

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by Josh Lanier
Police & Fire
Men Who Ran Dark Web Drug Site From Stoughton Sentenced To Prison: DOJ Men Who Ran Dark Web Drug Site From Stoughton Sentenced To Prison: DOJ
Men Who Ran Dark Web Drug Site From Stoughton Sentenced To Prison: DOJ A 25-year-old Brockton man who helped create and run a Dark Web drug ring was sentenced to more than two years in prison, federal authorities said.  Allante Pires pleaded guilty to conspiracy to manufacture, distribute and possess with intent to distribute MDMA, commonly known as ecstasy, Ketamine, and Alprazolam (Xanax), the U.S. Attorney's Office said. He will spend 28 months in federal prison, three years of supervised release, and must forfeit a 2013 Mercedes E sedan that investigators say he bought using drug money. Though, prosecutors wanted a far harsher penalty of 70 months…

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by Josh Lanier
News
Former Revere Man Stole $2.5 Million In Covid-19 Relief Money: Feds Former Revere Man Stole $2.5 Million In Covid-19 Relief Money: Feds
Former Revere Man Stole $2.5 Million In Covid-19 Relief Money: Feds A 34-year-old former Revere man stole $2.5 million in federal Covid-19 relief funds, the U.S. Attorney's Office said on Tuesday, Aug. 23.  Vinicius Santana, 34, of Boca Raton, Florida, was charged with wire fraud and unlawful money transactions, the federal prosecutor's office said.  Officials said Santana owned the Massachusetts-based painting company Complete Home Care, LLC and applied for Paycheck Protection Program loans four times. Federal pursers denied the first three applications where he claimed to have five employees and between $10,000 and $18,000 in month payroll …

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by Josh Lanier