News & Analysis as of

Dark Web Fraud

StoneTurn

Legal Investigations: Digging Deeper into White-Collar Crime and Financial Crime

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White-collar and financial crimes have risen sharply, with the U.S. DOJ reporting a 300% increase in monetary recoveries in 2024. Successful investigations now require a proactive and adaptable approach to detect and prevent...more

BakerHostetler

DOJ Seizes Over $3 Billion in Historic Crypto Dark Web Fraud Case

BakerHostetler on

On November 7, 2022, the U.S. Department of Justice (DOJ) announced that it had seized more than $3.36 billion worth of bitcoin as part of a continuing investigation into a 10-year fraud involving the Silk Road dark web...more

ArentFox Schiff

Investigations Newsletter: DOJ Announces $3.3 Billion Cryptocurrency Seizure and Fraud Conviction

ArentFox Schiff on

DOJ Announces $3.3 Billion Cryptocurrency Seizure and Fraud Conviction - On Friday, November 4, James Zhong pled guilty to committing wire fraud in September 2012, when he allegedly executed a scheme to defraud “Silk...more

Dechert LLP

Dechert Cyber Bits - Issue 21

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US Federal Appellate Court Issues Opinion on Proof of Injury in Data Breach Cases - On September 2, 2022, the U.S. Court of Appeals for the Third Circuit reinstated a class action lawsuit that had previously been dismissed...more

K2 Integrity

Crypto and Virtual Currency Risks

K2 Integrity on

The ABA/ABA Financial Crimes Enforcement Conference took place January 11-13, with K2 Integrity Managing Director Gabriel Hidalgo, who leads the firm’s Crypto and Fintech Advisory practice, leading an important conversation...more

WilmerHale

SEC Insider Trading Enforcement Highlights from 2021

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The Securities and Exchange Commission’s (SEC or Commission) actions in 2021 demonstrate that insider trading remains a key enforcement priority. While the absolute number of insider trading enforcement actions brought by the...more

Robinson+Cole Data Privacy + Security Insider

Cybercriminals Recruiting Employees on the Dark Web to Assist with Fraud Schemes

Darkreading.com has issued a survey entitled: Monetizing the Insider: The Growing Symbiosis of Insiders and the Dark Web which states that malicious insiders are responsible for 27 percent of all cybercrime. This statistic...more

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