Tag: Guilty Pleas

Ex-Celsius crypto lender exec Cohen-Pavon pleads guilty, will cooperate with US probe | Reuters

Roni Cohen-Pavon, a former executive at Alex Mashinsky’s now-bankrupt cryptocurrency lender Celsius Network, has pleaded guilty to U.S. criminal charges and agreed to cooperate with prosecutors’ investigations. Cohen-Pavon, Celsius’ former chief revenue officer, admitted to four charges, including manipulating the price of the exchange’s crypto token Cel, at a Wednesday hearing before U.S. District Judge John Koeltl in Manhattan, court…

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Ex-Deutsche Bank Banker Poised to Plead Guilty to Crypto Fraud – Bloomberg

Former Deutsche Bank investment banker Rashawn Russell, who has denied defrauding investors in a cryptocurrency fraud, appears ready to change his mind and plead guilty to fraud charges, court records show. Russell was indicted in April by federal prosecutors in Brooklyn, New York, accused of duping investors by promising them “guaranteed returns.” Source: Ex-Deutsche Bank Banker Poised to Plead Guilty…

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Ex-FTX Executive Salame Talking to Prosecutors About Plea Deal

Ryan Salame, the former co-chief executive of FTX Digital Markets, is in negotiations with federal prosecutors to plead guilty to criminal charges following the implosion of the cryptocurrency exchange, according to people familiar with the case. The Republican megadonor may enter a plea as soon as next month to offenses including campaign finance law violations, according to the people, who…

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Ex-trader admits to second insider trading scheme | Investment Executive

A former trader and portfolio manager with Toronto’s Polar Asset Management Inc. who pled guilty to insider trading last year has now also admitted to participating in a second insider trading scheme involving information obtained from his firm. The U.S. attorney’s office for New Jersey announced that Sean Wygovsky pled guilty to one count of securities fraud in U.S. district…

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Former Chief Financial Officer of $21 Billion Biopharmaceutical Company Admits Insider Trading | DOJ

The former chief financial officer for a biopharmaceutical company today admitted his role in an insider trading scheme, U.S. Attorney Philip R. Sellinger announced. Usama Malik, 48, of Washington, D.C., pleaded guilty today before U.S. District Judge John Michael Vazquez in Newark federal court to Count One of an indictment charging him with securities fraud/insider trading. *** Malik was among…

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Ex-Coinbase Employee Pleads Guilty to Insider Trading – The New York Times

A former employee of the Coinbase cryptocurrency exchange pleaded guilty on Tuesday to insider trading, the first time a crypto industry insider has admitted to trying to profit from confidential information. The case has been closely watched in the crypto industry since the charges against Ishan Wahi, a former Coinbase product manager, were filed in July in federal court in…

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Caroline Ellison and FTX Co-Founder Gary Wang Plead Guilty to Fraud – The New York Times

Two former top executives of Sam Bankman-Fried’s crypto trading empire have pleaded guilty to federal criminal fraud charges and are cooperating in the prosecution of the disgraced crypto entrepreneur, the U.S. attorney for the Southern District of New York said on Wednesday night. The two are Caroline Ellison, 28, who was the chief executive of the cryptocurrency hedge fund Alameda…

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US Prosecutors Charge 21 Alleged ‘Money Mules’ With Using Crypto to Launder Proceeds of Cybercrimes

Maryland woman Zenobia Walker, 65, pleaded guilty in January to her role in a a scheme in which she received over $300,000 from victims of romance scams and other fraud schemes, deposited the money in her personal bank accounts, exchanged it for cryptocurrency and passed the crypto on to her foreign co-conspirators. She was sentenced to 18 months in prison…

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Head Trader of Crypto Platform EmpiresX Pleads Guilty in $100 Million Fraud Scheme – WSJ

The head trader of South Florida-based cryptocurrency platform EmpiresX pleaded guilty in an alleged investment fraud scheme that raised around $100 million from investors, the Justice Department said. Joshua David Nicholas, of Stuart, Fla., pleaded guilty Thursday at the U.S. District Court for the Southern District of Florida in Miami to one count of conspiracy to commit securities fraud, according…

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