Ivars Azuins Was Extradited to the United States, Charged with Wire and Securities Fraud

Early in 2021 the US Securities and Exchange Commission (SEC) charged Ivars Auzins (29) with fraud. According to the allegations, between November 2017 and July 2019 Auzins received more than $7 million to Auzins companies.

After receiving the funds (in cryptocurrencies), the companies disappeared without providing the services it said to deliver. On 26 August Auzins was extradited to the United States.

The United States Attorney for the Eastern District of New York Breon Peace and Michael J. Driscoll, assistant director-in-charge of the New York Field Office of the FBI made the following statement:

‘Auzins perpetrated a brazen scheme in which he fleeced investors who funneled millions of dollars into fraudulent cryptocurrency.

‘This Office will continue to vigorously investigate and prosecute those who lie and steal from investors, including those like the defendant who operate from abroad.’

Alexander Vinnik Extradited to the US

At the beginning of August Alexander Vinnik, the alleged operator of BTC-e was extradited from Greence to the US. Based on the allegations, Vinnik conducted business with drug dealers and ransomware hackers via the crypto exchange
Exchange

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as…