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Crypto Scammer Gets 10 Years in Prison

David Carmona, the mastermind behind a cryptocurrency Ponzi scheme called IcomTech, is going to jail for 10 years. How the Scam Worked Carmona and his crew started IcomTech in 2018, pretending it was a legit crypto mining and trading company. They promised investors big returns on their investments, saying they could double their money in…

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Shiba Inu Is On Fire!

Shiba Inu (SHIB) has been on a roll lately, gaining over 5% in the past day and leaving Dogecoin (DOGE) in the dust. Why Shiba Inu Is Winning Whale Power: Big investors, known as whales, are buying up SHIB like crazy. They’ve been piling on for the past week, and the number of SHIB they’re…

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Tornado Cash: A $287 Million Money Laundering Scandal?

The founders of Tornado Cash, a cryptocurrency mixing service, are facing serious accusations of helping criminals launder money. The US Department of Justice (DOJ) claims they helped launder over $1 billion, including money stolen by notorious hackers like the Lazarus Group from North Korea. The DOJ’s Case Against Tornado Cash The DOJ argues that Tornado…

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Banks Pass the Buck After $17,900 Scam

A woman in Atlanta is out $17,900 after falling victim to a scam involving both JPMorgan Chase and Wells Fargo. The Scam Marina Camplone received a call from someone claiming to be a Chase fraud representative. The scammer used the same phone number printed on the back of her debit card, making the call seem…

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US Debt Soars, Experts Warn of Economic Doom

The US national debt just hit a new record, climbing over $800 billion in just three months. That’s a lot of money! Debt Spiral Threatens Americans Fidelity Investments, a giant financial firm, is sounding the alarm. They say this massive debt is a serious threat to our economy and our future. They’re worried that the…

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