Two Charged With Running ‘Shadow Banking’ Service for Crypto Exchanges

news The U.S. Department of Justice announced Tuesday that it has hit two individuals with bank fraud charges in connection to a system for depositing funds to cryptocurrency exchanges. In a statement, U.S. Attorney’s Office for the Southern District of New York alleged that Reginald Fowler of Arizona and Ravid Yosef, said to live in Tel…

Landmark Crypto Crime Case Ends With Jail Sentence for GAW CEO

Josh Garza, the CEO of the now-defunct cryptocurrency mining company GAW Miners, has been sentenced to 21 months in prison after pleading guilty to a wire fraud charge. As part of the sentence, Garza was given 6 months home confinement and three years of supervised release overall. The court proceedings, which took place on a…