US Takes Control of Global Crypto Regulation

Recently, two Russian nationals were extradited for committing crypto-related crimes, according to US authorities. For the same reason, Greece extradited Alexander Vinnik earlier this month. Now it’s Latvia’s turn to extradite one of those citizens to the US on charges of crypto-related fraud.

Latvian man charged with crypto fraud in US, extradited

According a tweet from Bitcoin News on August 28, a citizen of Latvia was extradited to the United States for committing crypto fraud. The Latvian national concerned is called Ivars Auzins and he is preparing to appear in federal court in Brooklyn. There are against him multiple charges of fraud. According to a recent statement from the US Department of Justice, Auzins will appear before Judge Roanne L. Mann on Saturday.

Michael J. Driscoll (Deputy Director in Charge of the FBI’s New York Field Office) said, “Auzins perpetrated a shameless scheme in which he defrauded investors who poured millions of dollars into fraudulent cryptos. This office will continue to vigorously investigate and prosecute those who lie and steal from investors, including those who, like the accused, operate from overseas.“.

Ivars Auzins would have operated eight companies that claimed to offer crypto-related services. The “Auzins entities” advertised through email, social media and websites. They claimed to be able to enable investors to make huge profits through investments. Then, one day, they suddenly disappeared with the box of course. Pretty classic!

Between 2017 and 2019, consumers invested at least $7 million worth of crypto in Auzins companies. Investors come from different countries, including the United States. The Auzins entities disappeared shortly after receiving the funds, without providing the services they had promised.

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