Sentences with phrase «for illegal fundraising»

In a statement released today, China's National Internet Finance Association (NIFA) asserted that cryptocurrencies like bitcoin have become a tool for speculation among investors, while also serving as a payment conduit for illegal fundraising and money laundering.

In total, police have estimated losses of at least 455 million yuan ($ 70 million) and issued 23 arrest warrants for illegal fundraising by people in China.

Not exact matches

«Some engaged in illegal fundraising for illegal and criminal activities under the guise of funds.»

«Some engaged in illegal fundraising for illegal and criminal activities under the guise of funds, cheating the public,» the note added.

Bitcoin tumbled probably the most since July after China's central financial institution mentioned preliminary coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge to this point to the burgeoning marketplace for digital token sales.

Earlier this month, two former Liu aides were convicted for their part in an illegal fundraising scheme.

Diana Weir, campaign manager for Bishop's GOP foe, Randy Altschuler, said the disclosures about the Southampton Democrat's fundraising «clearly demonstrates a pattern of unethical, and, in this case, possibly illegal behavior.»

HARTFORD — The office of the U.S. Attorney is convening a criminal grand jury to investigate claims of illegal fundraising by the state Democratic Party for the benefit of Gov. Dannel P. Malloy.

In addition to going to jail for tax evasion, in January 2014, he physically threatened NY1 Washington reporter Michael Scotto when he attempted to ask Grimm about allegations of illegal campaign fundraising.

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In his interview with CCTV translated by Box Mining, Bing explained that the suspension on ICOs and the government's declaration of ICOs as an illegal fundraising method are only temporary, until local financial regulators introduce necessary regulatory frameworks and policies for both ICO investors and projects.

Caixin alleged that the People's Bank of China has concluded that «more than 90 % ICO projects could be violating illegal fundraising or fund fraud laws», alleging that «the percent [age] of projects that [are] actually raising funds for investments is less than 1 %».