Fog/Mist 44°
Tag:

Virtual Currency

News
NY Officials Announce Actions Taken To Strengthen Enforcement Of Sanctions Against Russia NY Officials Announce Actions Taken To Strengthen Enforcement Of Sanctions Against Russia
NY Officials Announce Actions Taken To Strengthen Enforcement Of Sanctions Against Russia New York State officials have announced actions they are taking to strengthen the enforcement of sanctions against Russia. Gov. Kathy Hochul announced on Wednesday, March 2, that the measures are an effort to support the Department of Financial Services' enforcement of the sanctions. "Like millions across the globe, New Yorkers are watching the situation in Ukraine with fear and outrage, and in response we are taking further action," Hochul said. "We stand shoulder to shoulder with the people of Ukraine and will continue to do our part to enforce U.S. sanctions against Russia in response to…

SHARE

by Nicole Valinote
News
Ex-CEO, 33, Fined $9 Million, Sentenced To Prison For Digital Currency Ponzi Scheme Ex-CEO, 33, Fined $9 Million, Sentenced To Prison For Digital Currency Ponzi Scheme
Ex-ceo, 33, Fined $9 Million, Sentenced To Prison For Digital Currency Ponzi Scheme The former CEO of a virtual currency company is heading to prison and must pay more than $9 million in restitution for his role in his companies’ purported generation and sale of virtual currency that devolved into a Ponzi Scheme. Josh Garza, 33, formerly of Somers, Connecticut, was sentenced in Hartford District Court to a term of 21 months in prison, followed by three years of supervised release, the first six months of which he will have to spend in home confinement for his role in the multi-million dollar scheme. According to court documents and statements made in court, “virtual curren…

SHARE

by Zak Failla