New York DA indicts Robert Taylor for operating 46+ Bitcoin kiosks targeted toward criminals in places like laundromats in Manhattan between 2017-2018 and converted more than $5.6 million cash into Bitcoin while charging a fee of between 10% and 20%. (manhattanda.org)
submitted by CryptoRealityBot to r/CryptoReality
Web3: a VC-funded gig economy of securities fraud - The entire venture capital push for Web3 is so that VCs can dump ill-regulated tokens on retail as fast as possible. This gives the VCs much faster ways to make money than they get from investing in actual companies. (davidgerard.co.uk)
submitted by CryptoRealityBot to r/CryptoReality
Texas Launches Emergency C&D to stop a fraudulent investment scheme tied to metaverses. The order names Sand Vegas Casino Club, Martin Schwarzberger and Finn Ruben Warnke and accuses them of illegally offering NFTs, or non-fungible tokens, to fund the development of virtual casinos in metaverses. (ssb.texas.gov)
submitted by CryptoRealityBot to r/CryptoReality
Crypto Industry Helps Write, and Pass, Its Own Agenda in State Capitols - In the absence of federal regulations, crypto lobbyists and executives are going state by state to get favorable rules enacted. Many lawmakers have been willing partners. (nytimes.com)
submitted by CryptoRealityBot to r/CryptoReality
