Three individuals charged in $1.89 billion cryptocurrency fraud scheme

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, […]

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

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: $141 million from settlement to be distributed to consumers misled by TurboTax owner Intuit

BALTIMORE, MD—Maryland Attorney General Anthony G. Brown on Thursday announced that consumers who were misled by TurboTax’s owner Intuit into paying for free tax services will begin receiving checks from a $141 million multistate settlement announced in May 2022. All 50 states and the District of Columbia signed onto the agreement. Approximately 4.4 million consumers nationwide will receive checks in […]

Frosh announces $2 million settlement for TurboTax customers in Maryland

BALTIMORE, MD—Maryland Attorney Brian E. Frosh on Wednesday announced a settlement that includes more than $2 million in restitution from the owner of TurboTax, Intuit Inc. for misleading Maryland consumers into paying for tax services that they could have received for free. Per a multistate agreement with all 50 states and the District of Columbia, Intuit will pay $141 million, […]

Comptroller Franchot announces three-month filing, payment extension for 2021 state individual income taxes in Maryland

ANNAPOLIS, MD—Comptroller Peter Franchot on Wednesday announced that the filing and payment deadline for 2021 Maryland state individual income taxes has been extended by three months – to Friday, July 15, 2022 – to assist taxpayers facing financial difficulties due to the COVID-19 pandemic. The extension announcement came during a virtual news conference with agency officials to discuss the January […]