$400,000,000 Seized From Crypto Ponzi Scheme Now Available To Compensate Victims, Says DOJ

The settlement highlights a shift in corporate diversity initiatives, emphasizing sector-based support over race-based criteria to comply with legal standards. The post PayPal agrees to settle US Justice Department probe over civil rights violations appeared first on Crypto Briefing.

PRNewswire, PRNewswire, 13th May 2026, Chainwire

Remission Fund Opens to Compensate Victims of the AirBit Club Fraud

The post “I Failed Them”: Goliath CEO Apologizes Over $328M Ponzi Scheme appeared on BitcoinEthereumNews.com. Authorities claim Delgado lured investors with promises of guaranteed monthly returns through crypto liquidity pools, while using investor funds to sustain the scheme and finance luxury spending. Delgado publicly apologized in a televised interview, stating that investors trusted him and that he failed them.  Ex-Goliath CEO Faces Prison Christopher Delgado, the former chief executive of Goliath Ventures, publicly apologized to investors after US prosecutors accused him of operating a massive $328 million cryptocurrency investment Ponzi scheme.  In an interview that aired Monday by ABC-affiliated television station WFTV, Delgado admitted that investors trusted him and said he failed them. He explained that he wanted to speak publicly to share his side of the story “from beginning to end” and express remorse for the financial damage allegedly caused to hundreds of victims. Federa

Michael Saylor defended Strategy’s Bitcoin-backed credit model after critics argued that the company’s STRC dividend structure resembled a Ponzi scheme, saying the business is built around monetizing Bitcoin capital gains rather than relying on perpetual equity issuance. Speaking in an interview shared via X on May 9, Saylor addressed the market reaction to Strategy’s recent […]

Law enforcement authorities arrested at least 276 individuals following an international crackdown that targeted scam centers engaged in cryptocurrency investment fraud schemes. In a statement, the US Justice Department says that a cooperation between the FBI, Dubai Police Department and Chinese Ministry of Public Security led to the dismantling of at least nine crypto scam […] The post International Crackdown Takes Down Nine Crypto Investment Scam Centers, Leads to Arrest of 276 Individuals appeared first on The Daily Hodl.

Two perpetrators of a fraudulent genetic testing and illegal kickback scheme that siphoned more than half a billion dollars have just been sentenced to spend time behind bars. The US Justice Department says that Reyad Salahaldeen and Mohamad Mustafa, both from Georgia, submitted over $522 million in claims for medically unnecessary genetic tests that were […] The post Fraudsters Drain $522,000,000 From Medicare and Medicaid Through ‘Web of Sham Contracts, Lies, and Bribes’: DOJ appeared first on The Daily Hodl.

Move creates conflict between state and administration as Trump seeks federal framework over states handling issue Sign up for the Breaking News US email to get newsletter alerts in your inbox The US justice department said on Friday it had intervened in a lawsuit by Elon Musk’s xAI challenging a Colorado law aimed at regulating artificial intelligence systems. In its intervention, the justice department said the law violates the 14th amendment’s equal protection guarantee by requiring companies to guard against unintended discriminatory effects while allowing some discrimination aimed at promoting diversity. Continue reading...