Cryptocurrency Archives - Nottingham MD

PayPal rolls out cryptocurrency payments for merchants, citing cost savings and global reach

Posted on July 28, 2025 by Chris Montcalmo

SAN JOSE, CA—PayPal announced Monday the launch of “Pay with Crypto,” a new service aimed at enabling merchants to accept cryptocurrency payments and significantly reduce transaction fees for cross-border commerce. The company stated the initiative seeks to simplify international transactions and connect businesses to the growing digital currency market. The new service facilitates instant conversion of cryptocurrencies to stablecoin or […]

DOJ announces record health care fraud takedown

Posted on July 1, 2025 by Chris Montcalmo

WASHINGTON, DC—The Justice Department on Monday announced criminal charges against 324 defendants, including 96 medical professionals, in a nationwide health care fraud takedown involving more than $14.6 billion in alleged schemes. The 2025 National Health Care Fraud Takedown, described by officials as an “unprecedented effort,” spanned 50 federal districts and involved 12 State Attorneys General’s Offices. Authorities seized more than […]

Massive data breach exposes 184 million online accounts

Posted on May 22, 2025 by Chris Montcalmo

BALTIMORE, MD—A massive data breach has exposed the login credentials of 184 million users, including email addresses and passwords, putting a wide range of online accounts at risk. Cybersecurity researcher Jeremiah Fowler discovered the publicly accessible database, which contained 47.42 GB of unencrypted data, and reported it to Website Planet. The exposed database contained a variety of sensitive information, including […]

Three individuals charged in $1.89 billion cryptocurrency fraud scheme

Posted on January 31, 2024 by Chris Montcalmo

Baltimore, MD—Three individuals have been charged in U.S. District Court in Maryland for orchestrating a $1.89 billion cryptocurrency fraud scheme. A federal grand jury has returned an indictment charging Sam Lee, 35, an Australian citizen residing in the United Arab Emirates for allegedly co-founding HyperFund, also known as HyperTech, HyperCapital, HyperVerse, and HyperNation. The indictment was returned on January 25, […]

Former Maryland social media influencer sentenced to 3 years in prison for scheming to obtain over $1.2 million in COVID-19 CARES Act loans

Posted on January 12, 2024 by Chris Montcalmo

GREENBELT, MD—A Maryland man has been sentenced to prison in connection with a scheme to fraudulently obtain more than $1.2 million in federal relief loans. U.S. District Judge Deborah L. Boardman has sentenced Denish Sahadevan, a/k/a “Danny Devan,” 32, of Potomac, to three years in federal prison, followed by three years of supervised release, for wire fraud, aggravated identity theft […]

Baltimore County father and son sentenced for laundering drug trafficking Bitcoin proceeds intended for federal forfeiture

Posted on January 11, 2024 by Chris Montcalmo

GREENBELT, MD—A father and son have been sentenced to prison for laundering drug trafficking Bitcoin proceeds. U.S. District Judge Deborah K. Chasanow has sentenced Joseph Farace, age 72, of Sparks, to 19 months in federal prison, followed by two years of supervised release, for a money laundering conspiracy. On January 5, 2023, Judge Griggsby sentenced his son, Ryan Farace, age […]

Attorney General Brown joins $22.5 million settlement with crypto asset platform Nexo

Posted on September 13, 2023 by Chris Montcalmo

BALTIMORE, MD—Maryland Attorney General Anthony G. Brown’s Securities Division announced that it has joined a $22.5 million multistate settlement with Nexo Capital, Inc. In September 2022, Maryland filed an action against Nexo in connection with its Earn Interest Product (EIP) accounts. The Securities Division had alleged that the EIP accounts enabled customers to deposit crypto assets with Nexo. In exchange, […]

Attorney General Brown brings action against crypto interest account provider

Posted on September 8, 2023 by Chris Montcalmo

BALTIMORE, MD—Maryland Attorney General Anthony G. Brown’s Securities Division announced that it has filed an action against various companies, known collectively as “Abra,” and against William John “Bill” Barhydt, the founder and CEO of Abra, ordering them to cease and desist violating Maryland law in connection with the offer and sale of investments in two interest-bearing crypto depository accounts: Abra […]

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