The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Hasbrouck Heights NJ, a yearlong investigation by Bergen County authorities has led to charges against two Romanian men accused of orchestrating a gold-for-bitcoin scam that defrauded victims out of nearly $289,000. The suspects, identified as Ciprian A. Tiber and Ahmed Zarei, remain at large and are believed to be in Romania, according to officials.
Continue reading Yearlong Investigation Uncovers Gold-for-Bitcoin Scam in Bergen County
the staff of the Ridgewood blog
Ridgewood Nj, in a major development following the collapse of cryptocurrency exchange FTX, Caroline Ellison, former CEO of Alameda Research, was sentenced to two years in federal prison on charges related to her involvement in the multi-billion-dollar fraud scheme. Ellison was also ordered to forfeit $11 billion for her role in defrauding investors and misusing FTX customer funds. The sentencing, which took place in New York yesterday, was more severe than what prosecutors had initially sought.
Continue reading Caroline Ellison Sentenced to Two Years in Prison for Role in FTX Collapse
the staff of the Ridgewood blog
Ridgewood NJ, Democratic Congressman Josh Gottheimer received $5,800 in personal donations from Bankman-Fried. Gottheimer our local congressman also received two separate donations of $2,900 each — from FTX executive Mark Wetjen, who previously worked as commissioner of the Commodity Futures Trading Commission. A spokesperson from Rep. Gottheimer’s office claims he will donate the funds to charity.
the staff of the Ridgewood blog
Glen Rock NJ, according to Glen Rock Police Chief Dean Ackermann on Monday July 18th a Glen Rock resident reported that an individual met on the online dating app Tinder persuaded them to invest $1,000 in cryptocurrency. The complainant was told that, through the investment, they would receive back $10,000 within three hours. After beginning to transfer the funds using Bitcoin, they realized this was likely a scam and contacted their bank to cancel the transaction. Information concerning the transaction was forwarded to the detective bureau for review.
Continue reading Glen Rock Tinder Date Turns into a Crypto Scam
