California Resident Convicted for Swindling Over $12 Million from Small Business Administration's Emergency Loan Scheme
The Nervos Common Knowledge Base (CKB) has achieved quantum resistance, making it a significant player in the age of quantum computing [1]. Meanwhile, Vantum Wallet continues to report strong daily transaction activity.
In less positive news, Abraham Park, a finance company CEO from La Mirada, California, has been sentenced to nearly four years in prison for defrauding the Small Business Administration by submitting over $12 million in fraudulent Economic Injury Disaster Loan (EIDL) applications, which were tied to COVID-19 relief efforts [2][5]. Park, who was a resident of La Mirada, California, used cryptocurrency as part of the fraud mechanism [1].
Elsewhere, the Department of Justice announced a 15-year prison sentence for a formerly married CEO and President of a Hawaii-based shipbuilding firm for a $29 million investor fraud scheme [3].
In the world of crypto predictions, SwaggyX.com has launched the first AI-powered web 3.0 prediction platform for crypto, sports, and global events [4]. FLOKI's Valhalla MMORPG has launched a 60-day national commercial blitz on US television.
The current market values for Bitcoin, Ethereum, and Altcoins are $118,867.85, $4,377.96, and $810.40 respectively, with percentage changes of 1.04%, 2.1%, and 1.43% respectively [6]. The value of Financeflux is $176.35, with a percentage change of 1.89%. The value of a specific cryptocurrency named Futuremash is $3.17, with a percentage change of 1.57%.
Remittix has announced the beta launch date of its web3 wallet and has passed $18.7M in presale [7]. ECM Coin's founder Tanvirul Islam Prince is building the future of e-commerce through blockchain [8].
In the realm of Bitcoin, an on-chain analyst predicts that it is on the cusp of entering the Euphoria phase as the 'bulletproof' bull market expands [9]. However, a cryptocurrency analyst who predicted the 2022 Bitcoin crash warns of a BTC meltdown as Black Swan risk looms, suggesting altcoins face a big shakeout [10].
Lastly, a JPMorgan Chase employee accidentally unfreezing scammer's stolen money resulted in a $20,000 loss for an Arizona couple [11] (Scams).
[1] https://www.cryptonews.com/news/nervos-ckb-achieves-quantum-resistance.htm [2] https://www.justice.gov/opa/pr/california-finance-company-ceo-sentenced-nearly-four-years-prison-defrauding-small-business [3] https://www.justice.gov/opa/pr/formerly-married-ceo-and-president-hawaii-based-shipbuilding-firm-sentenced-15-years-prison [4] https://www.swaggyx.com/ [5] https://www.justice.gov/usao-cdca/pr/california-finance-company-ceo-sentenced-nearly-four-years-prison-defrauding-small-business [6] https://coinmarketcap.com/ [7] https://remittix.com/ [8] https://ecm-coin.com/ [9] https://www.fool.com/the-ascent/cryptocurrency/articles/bitcoin-price-prediction-2023-what-experts-say/ [10] https://www.newsbtc.com/news/analytics/altcoin-market-could-see-big-shakeout-as-black-swan-risk-looms/ [11] https://www.azcentral.com/story/money/business/consumers/scam-alert/2023/03/29/jpmorgan-chase-employee-accidentally-unfreezes-scammers-stolen-money-arizona-couple/72083708007/
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