In a decisive ruling that echoes the seriousness of investment fraud, a California court has mandated over $5 million in penalties pertaining to a Ponzi scheme orchestrated by a group of fraudsters led by David Carmona. The group, operating out of Los Angeles, exploited the trust of more than 190 investors, luring them with false […]
GIGA Investor Loses $6 Million in Phishing Scam
In a baffling incident that underscores the vulnerabilities in the cryptocurrency landscape, a prominent GIGA investor has fallen prey to a sophisticated phishing scam that resulted in a staggering loss of $6.09 million. The attacker executed a cunning strategy, tricking the investor into clicking on a counterfeit Zoom link, which led to the installation of […]