SEC alleges trader used BTC to hide fraud profit

The U.S. Securities and Exchange Commission alleges day trader from Philadelphia Joseph Willner in illegal taking over more than 100 brokerage accounts
01 November 2017   1318

The U.S. Securities and Exchange Commission (SEC) is suing a day trader from Phildelphia for alleged fraud, claiming he used bitcoin to hide their profits. This is reported by Coindesk.

On 30th of October, the Commission issued a suit against Joseph Willner. He is accused in illegal taking over more than 100 brokerage accounts and using the victims' funds to artificially inflate stock prices that he would then trade against advantageously.

According to SEC, Willner used an unnamed bitcoin exchange to hide the profits from illegal activities and convert funds from $ to BTC. After that, funds were transferred to another unnamed person.

To mask his payments to the other individual as part of a profit-sharing arrangement, Willner allegedly transferred proceeds of profitable trades to a digital currency company that converts U.S. dollars to Bitcoin and then transmitted the bitcoins as payment.
 

SEC press release

The Commission states that these two people made at least $700k in profit, using the account take-over scheme and investigation is still going.

Account takeovers are an increasingly significant threat to retail investors, and it is exactly the type of fraud our new Cyber Unit is focusing on.
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Stephanie Avakian
Co-Director,  SEC’s Division of Enforcement

BTC and TRX Payment to be Added to Opera Android

Build-in wallet as the ability to track transactions in bitcoins and TRON
22 October 2019   63

Opera has added support for bitcoin payments within the Android browser. Now users can purchase goods and services with BTC.

Now users can purchase goods and services for BTC, CoinDesk reports.

Most people have heard of bitcoin and thus we saw it as important to support it and make this feature more familiar to a larger group of people.
 

Charles Hamel

Head of Crypto, Opera

The browser’s built-in cryptocurrency wallet also has the ability to track transactions in bitcoins and TRON (TRX).