As complaints mounted, Forcount began offering proprietary crypto-tokens for sale as a means of injecting liquidity into the scheme.
He personally received kickbacks connected to approximately 11 separate vendors or customers of Polar totaling over $6 million.
In addition to the prison term, Salame was sentenced to three years of supervised release and ordered to pay more than $6 million in forfeiture and $5 million in restitution.
Michael Shvartsman and Gerald Shvartsman are scheduled to be sentenced by Judge Liman on July 17, 2024, at 2:00 p.m. and 3:00 p.m., respectively.
AirBit Club preyed on unsophisticated investors with false promises that their money was being invested in cryptocurrency.
“Today’s sentencing of Mustapha Raji should send a clear message that email scams targeting businesses in this District will not be tolerated.”
“Abraham Adeniyi used a web of bank accounts to funnel millions of dollars stolen from fraud victims into his own pockets…”
The former product manager is accused of committing wire fraud in connection with a scheme of insider trading in cryptocurrency assets.
Today Danske Bank pled guilty to conspiring to commit bank fraud, will forfeit over $2 billion, and will implement and maintain a revamped compliance program and AML controls.
The Swiss commodities multinational also admitted sharp practices to gain business advantage in Cameroon, Equatorial Guinea, Côte d’Ivoire, among other countries.
