Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Top Executive of Crypto Capital Indicted on Fraud Charges by US Court

Top Executive of Crypto Capital Indicted on Fraud Charges by US Court

Kelly Cromley by Kelly Cromley
Oct 28, 2019
in Market News, News
Reading Time: 2 mins read
0

An executive of Crypto Capital, Oz Yosef, was indicted by a New York court. In particular, the attorney for the Southern District of New York was charged with conspiracy to execute swindling of bank and carry out an unlicensed money remitting business.

The document related to court filing indicates that the US authorities have arrested Oz Yosef on allegations of multiple finance related conspiracies.

Furthermore, the arrest seems to affirm charges made by cryptocurrency exchange Bitfinex, indicating that it was a victim of fraud orchestrated by Crypto Capital, which had earlier acted as the payments processor for Bitfinex.

Notably, the New York Attorney General’s office had earlier stated that Bitfinex was swindled roughly $850 million and then got funds from its associate Tether, which offers USDT stable coin, in an effort to conceal the missing funds.

Nevertheless, Bitfinex further claimed that Crypto Capital had split and diverted funds to multiple bank accounts in several nations. By doing that, Crypto Capital has made it incredibly difficult to trace the funds.

Bitfinex further states that Crypto Capital had handled funds its behalf for many years. Additionally, the firm also stated that it believed the claims made by Crypto Capital. Bitfinex highlighted the misleading claims made by Oz Yosef.

Bitfinex elaborated on the deceptive measures adopted by Crypto Capital:


“Among those misrepresentations, Crypto Capital regularly referred to its integrity, banking expertise, robust compliance programme and financial licences. This was designed to assure us that Crypto Capital was capable of handling Bitfinex’s transactions.”

Bitfinex has categorically denied allegations that Crypto Capital laundered illegal funds at its behest. The outright rejection has come at a time when Crypto Capital is facing issues at globally.

Actually, the president of Crypto Capital, Ivan Manuel Molina Lee, was arrested by Polish officials four days back. The arrest was based on allegations of financial crime i.e., money laundering and being a part of “international drug cartel”.

Per se, Lee has been arrested using a European Arrest Warrant issued by the Wroclaw prosecutor’s administrative office. Additionally, Lee’s detention is said to be associated to roughly $350 million confiscated by the Polish Ministry of Justice.

Previous Post

Topco Associates to Trial Mastercard’s Blockchain Tech

Next Post

Search For Bitcoin on Chinese Social Media Platform is Rising

Related Posts

fiserv

Fiserv Enters Stablecoin Arena with FIUSD Launch Plan

by Kelly Cromley
Jun 24, 2025
0

Global financial technology firm Fiserv has revealed plans to introduce its own stablecoin, FIUSD, along with a supporting digital asset...

Midnight Network

Midnight Network Rolls Out Glacier Drop Airdrop to Millions

by Kelly Cromley
Jun 24, 2025
0

Midnight Network, a privacy-oriented blockchain built on the Cardano infrastructure, has announced an expansive airdrop campaign known as the Glacier...

Kraken

Kraken and DeFi Development Bring Tokenized Stocks to Solana

by Kelly Cromley
Jun 24, 2025
0

In a strategic move to merge traditional equity markets with blockchain technology, DeFi Development (DFDV), a decentralized finance firm, has...

tether usdt blockchain

Tether Boosts Stablecoin Reserves with $2B USDT Mint on Tron

by Kelly Cromley
Jun 24, 2025
0

Tether has continued its rapid pace of stablecoin expansion by minting an additional $2 billion USDT on the Tron blockchain....

Nexus zkVM

Nexus Launches Final Testnet to Power Verifiable AI Future

by Kelly Cromley
Jun 24, 2025
0

Nexus, a forward-looking blockchain company focused on creating a Layer 1 network tailored for the artificial intelligence (AI) era, has...

delorean web3 marketplace vehicle registrations

DeLorean Unveils World’s First Blockchain Car Reservation System

by Kelly Cromley
Jun 24, 2025
0

The DeLorean Motor Company, famed for its iconic automobile, has launched what it claims to be the world’s first blockchain-powered...

Next Post
Search For Bitcoin on Chinese Social Media Platform is Rising

Search For Bitcoin on Chinese Social Media Platform is Rising

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

fiserv
Market News

Fiserv Enters Stablecoin Arena with FIUSD Launch Plan

by Kelly Cromley
Jun 24, 2025
Midnight Network
Market News

Midnight Network Rolls Out Glacier Drop Airdrop to Millions

by Kelly Cromley
Jun 24, 2025
Kraken
Market News

Kraken and DeFi Development Bring Tokenized Stocks to Solana

by Kelly Cromley
Jun 24, 2025
tether usdt blockchain
Market News

Tether Boosts Stablecoin Reserves with $2B USDT Mint on Tron

by Kelly Cromley
Jun 24, 2025
Nexus zkVM
Market News

Nexus Launches Final Testnet to Power Verifiable AI Future

by Kelly Cromley
Jun 24, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree