The Internal Revenue Service (IRS) is naming four crypto crimes to its top 10 scams 2023 list in an effort to raise consumer awareness.

Scams in crypto come hard and fast.

In honor of this, the IRS recently published a ranking of the ten most prominent and high-profile investigations in 2023, with four of the ten most high-profile cases involving cryptocurrency.

“Our investigators took down international tax schemes that preyed on people’s personal information, investigated multi-level marketing schemes involving cryptocurrency and uncovered one of the largest fraud schemes in history centered around renewable fuel credits.”

Jim Lee, IRS Criminal Investigation Chief

In first place was a businessman sentenced to prison for a billion-dollar biofuel tax fraud, while second place went to a former financial director of a Russian gas company, who was sentenced to more than 7 years in prison for tax crimes and evading sanctions.

No to be outdone, crypto made its entry at number three on the IRS list, in reference to the case of the OneCoin cryptocurrency pyramid scheme. In September, U.S. Attorney Damian Williams sentenced one of the project’s co-founders, Karl Sebastian Greenwood, to 20 years in prison.

According to Williams, Greenwood, along with his accomplice Ruja Ignatova, who remains at large, billed itself as “the next investment opportunity that cannot be missed.” At the same time, “Crypto Queen” Ruja Ignatova, who was involved in the OneCoin fraud, a crime that remains unpunished.

A New Hampshire resident ranked No. 4 on the list for running a scheme to launder more than $10 million in Bitcoin.

While in seventh place, a case of the Silk Road hacker who stole 50,000 Bitcoins (BTC) from the darknet site.

Eighth on this list is Oyster Protocol founder Amir Bruno Elmaani, who Go to Source to See Full Article
Author: Anna Kharton

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details