DJ Khaled and Floyd Mayweather Were Charged by the SEC for Promoting a Scam ICO

As we reported earlier, two large-scale celebrities – an ex-boxer Floyd Mayweather and a music giant DJ Khaled – promoted a token sale of the project that turned out to be a scam. We remind you:

DJ Khaled and Floyd Mayweather Promoted a Scam ICO

Back then, the celebrities did not face any charges, only the people directly involved in the scheme were arrested. Now the situation changed: SEC is pressing charges against them for not revealing the fact of receiving money from the fraudster firm, CentraTech. DJ Khaled was paid 50 thousand dollars, and Mayweather was paid 100 thousand.

Neither of them has made any comments on the matter so far. However, now they owe SEC in fined: Mayweather – around 615 thousand dollars, DJ Khaled – around 153 thousand dollars.

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Elon Musk: Bitcoin Is Good, But Not For Tesla

Elon Musk has recently made a statement showing his attitude towards cryptocurrency and financial world as a whole. He supports Bitcoin, yet, it will not bring good for Tesla.

Elon Musk is a well-known technology entrepreneur and engineer with a fortune of $22.8 billion, he projects, like SpaceX, Tesla, PayPal, cover different areas of live, meanwhile they are competing to other companies at a high level. Musk is also a socially active person, he likes to post tweets sharing his thoughts about what is happening in the world. Though, sometimes it may bring consequences, like it was in July last year, when the SEC sent a request to Tesla regarding tweets of Elon Musk.

Furthermore, he freely expresses his attitude towards cryptocurrency. Once he even claimed how many Bitcoins he actually possessed. The Twitter community blowed up every time when Musk speaks about cryptocurrency. For instance, in October 2018, Elon posted a tweet about his love for anime and offered a subscriber to buy Bitcoins.

Twitter even blocked his account for a certain period of time to make sure he was the author. So, this time the world has gone mad, when Musk expressed his feelings about financial system and Bitcoin, in particular,  in the podcast “On the Road to Full Autonomy With Elon Musk.”

“Paper money is going away. Crypto is a far better way to transfer value than pieces of paper, that’s for sure,” he said. “Bitcoin’s structure is brilliant but I don’t think it would be a good use of Tesla’s resources to get involved in crypto.”

Furthermore, Musk added that Bitcoin has its pros and cons, yet, what he is really concerned about is crypto mining, to create one Bitcoin, people use high-powered computers to solve a complex math problem.

“We’re really just trying to accelerate the advance of sustainable energy, and I think one of the down sides of crypto is that computationally it’s quite energy intensive. There had to be some kind of constraints on the creation of crypto. But it’s very energy intensive to create slightly incremental Bitcoin, at this point.”

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CryptoMining.Farm Scam: 30 Victims Lost $1.34 Million

Thirty people have filed complaints to Thailand’s Technology Crime Suppression Division stating that they were victims of crypto mining scam, they allegedly lost 42 million baht ($1.34 million). The police thinks that the amount of victims can be bigger.

According to the victims’ words, the leaders of the scam convinced them to invest money into CryptoMining.Farm, a blockchain-mining website. One anonymous victim said to the Bangkok Post that one of the leaders promised investor an impossibly high return – 70% a year.

The victims signed contracts when they entered the website, the documents said that a customer may withdraw money at any time he/she wanted without any additional condition. However, the situation has changed since August. The victim stated that:

“From August the owner began imposing conditions for withdrawing the money. Then at the start of this month, the site announced it would start paying back investors in 84 installments which would take over seven years to complete. The payments were supposed to be made in foreign currencies [which] is not permitted by Thai laws.”

After a preliminary investigation, the police is sure that not 30, but 140 people became victims of the scam. Moreover, it can be related to a big scandal which happened in August 2018, when a popular Thai actor and his siblings stole about 797 million baht ($25.5 million).

According to the Bangkok Post, the company has two official offices in Bangkok and Chiang Mai, which may make the victims think that the company’s operations are legal.

Thailand treats digital money with caution and tries to regulate it. The Thai Ministry of Finance even issued a document last year where all the country’s cryptocurrency activities were regulated, including the taxation of participants of crypto market.

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Romance Scams: Total Loss Accounts For More Than $143 Million

The Federal Trade Commission (FTC) has recently published a report showing that romance scams are relentlessly gathering momentum. The number of romance scams has increased in 2.5 times, from 8,500 in 2015 to 21,368 last year, overtaking the number of any other type of consumer fraud.

Romance scams data

The data provided below shows that in 2015 the number of reports did not exceed 10,000, and the total loss was estimated at about $33 million. The situation has been worsening since 2016, when the reported loss accounted for $75 million, two times bigger than in 2015. However, the year of 2018 broke all the records when the total loss comprised over $143 million.   

Source: www.ftc.gov

How do scammers lure people?

Romance scammers usually create attractive and convincing personas on the dating sites and apps or social media, like Facebook, for example. They frequently use fake photos and names, but there were cases of assuming the identities of real people. The scammers lure people with their sob stories to convince victims to send them large amounts of money.

Once the romance scammers have people by the heartstrings, they say they need money for medical treatment or for any other quite sad reason. The fraudsters usually explain to victims that they are in the military and stationed abroad, thus, they cannot meet. The report says that most affected are people from 40 to 69, the rate of their losing money to romance scams is higher more than twice in compare to the rate of people in their 20s.

Tips how to not get engaged in a romance scam

  1. Do not send money or anything else to the sweetheart you have never met in person before.
  2. Tell your close friends about your sweetheart. People can become blinded when they are in love, thus, pay attention if your friends or family are concerned.
  3. Do not rush, just take it slowly. Try to ask questions, use a reverse-image search of the profile picture. If something does not match, it is a scam.

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The Monetary Authority of Singapore Warns Public About Scammers Who Are Trying To Sell Non-Existent National Cryptocurrency

While Iran is finding ways to adopt state-backed cryptocurrency, Singapore is fighting with rumours about launching its own cryptocurrency. The Monetary Authority of Singapore (MAS) announced that the state would not release any cryptocurrency.

The regulator posted a statement on the website:

“The MAS warns members of the public not to be misled by fraudulent websites that solicit investments in cryptocurrencies using fabricated information attributed to the Singapore Government.”

According to the MAS, scammers try to sell Singaporean cryptocurrency across the web. They create fake articles and news, mentioning respected news outlets, and spread that Singapore is launching a national cryptocurrency. Moreover, they state that the government chose a specific company to trade that cryptocurrency.

People, who are not engaged in cryptocurrency world, and who are not aware about latest news in it, should be extremely careful, as they often become victims of such crimes.

We remind you:

Scammers Try to Impersonate Major YouTube Influencers

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Scammers Try to Impersonate Major YouTube Influencers

Cyber criminals tried to pull of a huge scam by taking the disguise of the most popular YouTube celebrities, like Zoella and Jeffree Star. The scammers wrote messages to the subscribers, pretending to be real YouTubers. 

The messages contained a link, which supposedly led to a prize, but it obviously was a scam. The YouTube users subscribed to such large-scale channels as James Charles, Jeffree Star, Zoella, Rita Ora and others claimed to have received them.

One of the influencers, whose name appeared in the fraudster scheme, Philip DeFranco mentioned it in one of his videos. He warned his subscribers and asked them not to open the malicious link.

Moreover, he wrote about the scam on Twitter and soon get a response from YouTube.

The YouTube management promised to deal with the problem. They also encouraged YouTube viewers to ignore such messages and blocking the accounts sending them.

We remind you:

YouTube Will Remove All Videos with Dangerous Pranks and Challenges

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John McAfee Runs into an Exile after Being Charged with Tax Fraud

A crypto enthusiast John McAfee, who is known for his eccentric behavior, has gotten himself into a new scandal, this time with Internal Revenue Service.

According to the post published by Daily Express, IRS has charged the crypto evangelist for not filing return on his taxes, along with his wife Janice and four members of his 2020 presidential campaign. McAfee commented on the matter by saying:

Today, the IRS has convened a grand jury in the state of Tennessee to charge myself, my wife Mrs McAfee, and four of my campaign workers with unspecified crimes of a felonious nature.”

Internal Revenue Service has not provided any official statements about this whole situation, however, it is quite obvious that the charges have to do with millions of dollars in taxes that McAfee did not pay.

Meanwhile, McAfee refused to pay anything to IRS and left into an “exile” on his luxurious yacht which is now sailing near the coast of Venezuela. He also promised to run his campaign from the boat if needed.

McAfee called this an attempt of the government to “silence, imprison and shut his voice down” and claimed that he would not give in.

Today, crypto community, we are at war and I am on the front lines,” he said.

We remind you:

Who Will Play the Main Role in the Movie about John McAfee Instead of Johnny Depp?

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