The DOJ charged two individuals with (i) conspiracy to commit wire fraud and (ii) conspiracy to commit money laundering in connection with an alleged million-dollar scheme to defraud purchasers of non-fungible tokens.
President Joseph R. Biden signed an "Executive Order on Ensuring Responsible Development of Digital Assets," which outlined a "first ever, whole-of-government approach" to address the risks and potential benefits of digital assets.
In a speech before the ABA Institute on White Collar Crime, Attorney General Merrick B. Garland highlighted DOJ's "first priority in corporate criminal cases," the prosecution of individuals who profit from corporate malfeasance.
The SEC charged an online crypto lending platform, its founder, and its leading promoter and his company with carrying out a $2 billion fraudulent, unregistered securities offering. In a related action, the leading promoter pled guilty to DOJ charges of conspiracy to commit wire fraud and criminal forfeiture for his involvement in the fraudulent offering.