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Cryptocurrency OneCoin Boss Pleads Guilty to Fraud, Money Laundering

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Cryptocurrency OneCoin Boss

OneCoin’s co-founder Karl Greenwood pleaded guilty to US fraud and money laundering charges for selling a bogus cryptocurrency alongside one of the US’ most wanted fugitives, a woman known as the ‘Cryptoqueen.’

Karl Greenwood, 45, was arrested in Thailand and extradited to the United States in 2018 for his role in selling the alleged cryptocurrency OneCoin, which federal prosecutors in Manhattan describe as a pyramid scheme that defrauded investors out of $4 billion. Since his arrest, he has been detained.

The plea comes as prosecutors in the Southern District of New York (SDNY) intensify their pursuit of financial crimes involving digital assets. Prosecutors unveiled an indictment against Sam Bankman-Fried, the founder of the FTX crypto exchange, on charges of stealing billions of dollars in customer deposits on Tuesday.

“This guilty plea by the co-founder of OneCoin caps a week at SDNY that sends a clear message that we are coming after all those who seek to exploit the cryptocurrency ecosystem through fraud,” said Damian Williams, Manhattan’s top federal prosecutor.

Prosecutors claim Greenwood co-founded OneCoin in Sofia, Bulgaria, in 2014 with Ruja Ignatova, a German citizen known as the ‘Cryptoqueen.’ She was added to the FBI’s top ten most-wanted list in June, and prosecutors said on Friday that she is still at large.

Greenwood’s attorney declined to comment. He is scheduled to be sentenced for the three counts to which he pleaded guilty on April 5.

Bankman-Fried acknowledged risk management failures at FTX but claimed he is not criminally liable. He is currently detained in The Bahamas, where FTX is based and is fighting an extradition request from the United States.

cryptocurrency fraud

Cryptocurrency Fraud Sam Bankman-Fried denied bail.

A judge in the Bahamas has denied bail to Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX.

On Tuesday, Mr. Bankman-Fried was charged with “one of the biggest financial frauds in US history” by US authorities.

The former FX chief built a “house of cards on a foundation of deception,” according to Securities and Exchange Commission (SEC) Chair Gary Gensler.

Mr. Bankman-Fried has stated that he will fight extradition to the United States.

Bahamas Chief Magistrate JoyAnn Ferguson-Pratt denied his bail petition, citing a “great” risk of flight, and ordered that he be held in a correctional facility until February 8.

FTX declared bankruptcy in the United States last month, rendering many users unable to withdraw their funds. According to a court filing, FTX owed nearly $3.1 billion (£2.5 billion) to its 50 largest creditors.

Among the most serious allegations against Mr. Bankman-Fried is that he used billions of dollars in customer funds to prop up Alameda, his investment trading firm.

It is unclear how much money people who have funds in the exchange will receive after the bankruptcy proceedings, though many experts have warned that it may be a small fraction of what they deposited.

In the United States, Mr. Bankman-Fried is facing eight criminal charges, including wire fraud, money laundering, and conspiracy to defraud. He also faces civil charges for defrauding investors who put more than $1 billion into the company.

Officials have also charged him with breaking campaign finance laws.

Damian Williams, the US Attorney for the Southern District of New York, described Mr. Bankman-alleged Fried’s fraud as “among the largest in US history” during a press conference on Tuesday.

cryptocurrency

Mr. Bankman-Fried was accused of defrauding lenders, investors, and customers and using “tens of millions” in ill-gotten gains to make illegal campaign contributions to Democrats and Republicans.

“All of this dirty money was used to serve Bankman-desire Fried’s to buy bipartisan influence and influence public policy in Washington,” Mr. Williams said.

Previously, the crypto tycoon admitted to making mistakes but denied intent to defraud his customers.

Mr. Bankman-Fried also denied claims that he knew FTX’s affiliated trading company, Alameda Research, was using FTX customer funds.

He was once considered a younger version of the legendary US investor Warren Buffett. As recently as late October, he had a net worth of more than $15 billion (£12.1 billion).
Caption for media,

Sam Bankman-Fried denies knowing FTX customer funds were used for risky financial bets.

Meanwhile, the firm’s new CEO, John Ray, told a US congressional committee that FTX’s demise appeared to result from a small group of “grossly inexperienced, non-sophisticated individuals” controlling the company.

He saw “an utter lack of record-keeping – no internal controls whatsoever,” he said.

Customers could use the FTX exchange to exchange traditional currency for cryptocurrencies such as Bitcoin.

Cryptocurrencies are not traditional currencies; they are stored online and function more like investment vehicles or securities, with high volatility.

Because of their anonymity, they have been favored for criminal activities such as drug dealing and ransomware attacks, but supporters argue that they have enormous innovation potential – and independence from governments.

Geoff Thomas is a seasoned staff writer at VORNews, a reputable online publication. With his sharp writing skills and deep understanding of SEO, he consistently delivers high-quality, engaging content that resonates with readers. Thomas' articles are well-researched, informative, and written in a clear, concise style that keeps audiences hooked. His ability to craft compelling narratives while seamlessly incorporating relevant keywords has made him a valuable asset to the VORNews team.

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Man Set Himself Afire in New York Leaves Shocking Manifesto

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Man Set Himself Afire: Getty Image

In an online manifesto, the man set himself on fire outside a New York courthouse where former President Donald Trump was on trial, citing political motivations. The individual, Max Azzarello, is alive but badly injured. Police observed him dousing himself with fluids before lighting.

Responders on the scene contributed to the fire’s extinguishment. Azzarello’s pamphlets and social media posts suggest conspiracy ideas, but officials do not believe he targeted anyone specifically.

According to accounts, a recently released manifesto ascribed to the man who set himself on fire outside the lower Manhattan courthouse where Trump’s hush money trial is taking place appears to be motivated only by political reasons.

Identified as Max Azzarello, he supposedly runs a Substack page called “The Ponzi Papers,” with his most recent entry headlined “I have set myself on fire outside the Trump Trial.”

In the first lines, Azzarello reveals his extreme act to highlight a critical revelation: “My name is Max Azzarello, and I am an investigative researcher who has set himself on fire outside of the Trump trial in Manhattan. The purpose of this severe protest is to call attention to an urgent and significant finding.”

He went on to say, “We are victims of a totalitarian con, and our government (along with many of their allies) is about to hit us with an apocalyptic fascist world coup.”

The manifesto references a complicated conspiracy involving cryptocurrencies and government collaboration, reflecting themes from Azzarello’s recent social media activities.

Authorities in New York have confirmed that Azzarello is alive but in critical condition.

Man on Fire New York

Man on Fire New York: Getty Image

During an afternoon press briefing following the incident, New York Police Department Chief Jeffrey Maddrey explained: “At 1.30 this afternoon, we observed a male walk into the center of the park, he starts shuffling around his clothes, he opens up a book bag, takes numerous pieces of paper, he throws the pamphlets throughout the park, and then he pulls out a canister and puts some kind of liquid on himself, and he lights himself on fire.”

“New York citizens, court officers, and representatives of the police department rush into the park and try to put him out with their coats and fire extinguishers. Eventually, New York firefighters were able to extinguish the fire,” Maddrey said.

The New York Fire Department eventually extinguished the fire, and Azzarello was reported to be “alive and intubated” at Cornell Medical Center’s burn center.

“I hope you understand how powerful you are. “I wish you much more than luck,” he said at the end of his lengthy manifesto.

The altercation occurred just as Judge Juan Merchan was about to adjourn for lunch on the third day of Trump’s fraud trial. It occurred in a portion of the plaza where small groups of protestors had been gathered every day since Monday, except Wednesday.

Azzarello was seen kneeling on the ground, his arms gesturing madly as flames devoured him. Television commentators described the harrowing scenario as many police officers and a civilian raced towards him.

Amidst the confusion, one person tried smattering the flames with a coat or blanket, while another used a fire extinguisher. Azzarello remained motionless after the fire was extinguished and was later treated by paramedics.

People in New York Horrified

A spectator who witnessed the incident expressed disbelief, saying, “He made a noise and flung all those brochures. It is shocking. A few folks are crying in the park. “There is nothing you can do.”

The NYPD’s chief of detectives, Joseph Kenny, stated that Azzarello’s pamphlets and social media posts indicated that the trial acted as a backdrop rather than a direct reason for his conduct.

Kenny viewed the pamphlet as propaganda-driven, stating: “The pamphlet appears to be propaganda-based, almost like a conspiracy-theory-type of pamphlet, with some information about Ponzi schemes and the fact that some of our local educational institutes are a front for the mob.”

Kenny discovered that Azzarello, from St. Augustine, Florida, has no criminal history in New York and was unknown to officials.

The NYPD’s deputy commissioner, Tarik Sheppard, stated that detectives did not perceive Azzarello’s conduct as targeting any single people or group, including Trump or his supporters.

“We just right now labeled him as a sort of conspiracy theorist, and we’ll go from there, but the investigation will continue,” he said.

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Man Set Himself Ablaze Outside New York Courthouse

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Man on Fire New York
The smell of smoke lingered: Getty Image

A man set himself on fire outside the New York courthouse where former President Donald Trump’s historic hush-money trial was taking place, but officials said he did not appear to be targeting Trump.

The man burned for many minutes in full front of television cameras stationed outside the courthouse, which is hosting the first-ever criminal prosecution of a former United States president.

“He was on fire for quite a while,” one witness told reporters, declining to provide his name. “It was pretty horrifying.”

Officials said the man, who is in his late thirties, survived and was in critical condition at a hospital.

According to witnesses, the man removed leaflets from a rucksack and hurled them into the air before dousing himself with liquid and setting himself on fire. One of the booklets mentioned “evil billionaires,” but the portions accessible to a Reuters witness did not mention Trump.

According to the New York Police Department, Max Azzarello of St. Augustine, Florida, did not appear to target Trump or any other trial participants.

“Right now, we are labeling him as a conspiracy theorist, and we will proceed from there,” Tarik Sheppard, a deputy commissioner of the Police Department, said at a news conference.

In an online manifesto, a man using that name admitted to setting himself on fire and apologized to friends, bystanders, and first responders. The message warns of “an apocalyptic fascist coup” and condemns Bitcoin and US politicians but does not mention Trump specifically.

A Reuters witness reported that smoke persisted in the plaza shortly after the incident and that a police officer sprayed a fire extinguisher on the ground. A flaming rucksack and a gas can were both visible.

US Truckers Boycott New York, Rally Behind Trump

US Truckers Boycott Corrupt New York, Rally Behind Trump

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G7 Warns Of New Sanctions Against Iran As World Reacts To Apparent Israeli Drone Attack

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iran
AP - VOR News Image

Paris police find no weapons on a man detained at Iran’s consulate.

Police said Friday that they discovered no weapons on a man held at the Iranian consulate in Paris after responding to a report of a suspicious man carrying a grenade and an explosives vest.

A Paris police spokesperson told The Associated Press that authorities were verifying the man’s identity but discovered no such weapons on him or in his car.

iran

AP News – VOR News Image

G7 Warns Of New Sanctions Against Iran As World Reacts To Apparent Israeli Drone Attack

The official spoke on the condition of anonymity because he is not permitted to be publicly identified under police procedure.

Some of the police, special agents, and firefighters who rushed to the situation at the consulate were later spotted leaving the area after being arrested. A police cordon remained in place, although traffic had resumed in the area.

According to the official, the individual was observed late Friday morning, and police initiated a special operation as soon as they were notified.

The event occurred at a time of heightened tensions in the Middle East, as Paris prepares to host the summer Olympics.

The director of the United Nations’ nuclear inspector says there was no damage to the Isfahan nuclear facility following a purported Israeli drone attack on a major air base near the Iranian city.

When asked about the nuclear facility on Sky News, International Atomic Energy Agency Director-General Rafael Mariano Grossi stated, “There hasn’t been any damage at the site or anything that would indicate that (there) were hits nearby or something that could lead you to believe that there was an intention to reach these places.”

The Isfahan facility has three small research reactors supplied by China, as well as fuel production and other activities for Iran’s civilian nuclear program.

iran

G7 Warns Of New Sanctions Against Iran As World Reacts To Apparent Israeli Drone Attack

Isfahan also contains locations related with Iran’s nuclear program, such as the subterranean Natanz enrichment facility, which has been frequently attacked by suspected Israeli sabotage strikes.

Iranian authorities claim that air defenses fired on a key air base in Isfahan, which has long housed Iran’s fleet of American-made F-14 Tomcats, purchased prior to the 1979 Islamic Revolution.

Missile remnants were discovered Friday near Latifiya, southwest of Baghdad.

An official with an Iranian-backed militia in Iraq, who spoke on the condition of anonymity because he was not authorized to speak with journalists, said the missile was shot down due to jamming efforts. The Iraqi army lacks jamming systems similar to those used to destroy the rocket, but Iran has handed such gear to its allied militias.

It was unclear whether the rocket was part of an Israeli attack on Iran or last weekend’s Iranian attack on Israel. Local media images of the site showed what seemed to be an air-to-surface missile. There were no reports of Iran firing air-to-surface missiles during Saturday’s onslaught, which comprised over 300 drones, ballistic missiles, and cruise missiles.

iran

G7 Warns Of New Sanctions Against Iran As World Reacts To Apparent Israeli Drone Attack

Tehran launched the attack in response to a purported Israeli strike in Syria on April 1, which killed two Iranian generals in an Iranian consulate building.

SOURCE (AP)

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