tl;dr
The U.S. Department of Justice announces that stablecoin issuer Tether has aided in the recovery of funds stolen in a crypto investment scam. The DOJ seized nearly $5 million worth of the stablecoin USDT, which was traced to wallets allegedly used to launder proceeds from the scam. The scam involved...
The U.S. Department of Justice (DOJ) has recovered nearly $5 million worth of the stablecoin USDT, linked to a widespread crypto investment scam. The scam involved individuals forming romantic relationships with targets to persuade them to invest in fraudulent crypto schemes. FBI agents successfully traced the laundered funds through various crypto wallets, aiming to return the money to victims.
The DOJ praised Tether's assistance in transferring the assets and freezing multiple wallets. U.S. Attorney Michael Easley emphasized the DOJ's commitment to seizing illegal proceeds and returning money to victims. Tether's CEO, Paolo Ardoino, condemned the misuse of USDT for criminal activities and expressed dedication to collaborative efforts with law enforcement to combat fraud.
The DOJ's efforts demonstrate a commitment to protecting investors and combating illicit activities within the crypto space.
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Toronto Dominion Bank offers a variety of personal and commercial banking products and services in Canada and the United States. The company is headquartered in Toronto, Canada.
Industry: FINANCE, COMMERCIAL BANKS, NEC
Market Cap: 103.74B
PE Ratio: 18.66
EPS: 4.02
Dividend Yield: 3.18%
Beta: 29.5
ROE: 0.157
Revenue: 52.31B
Net Income: 64.91
Debt to Equity: -0.203
Quick Ratio: 0.079
More about RBC Bearings Incorporated
RBC Bearings Incorporated Summary RBC Bearings Incorporated
RBC Bearings Incorporated designs, manufactures, and sells electric motors, electric motion controls, and power generation and transmission products worldwide. The company is headquartered in Beloit, Wisconsin.
Technology Sector
Industry: Ball & Roller Bearings
Market Cap: 8.619897 billion
PE Ratio: 43.5
Dividend Yield: None
EPS: 6.78
52-Week High: 54.52
52-Week Low: 0.14
Volume: 1,579,500,000
Relative Strength Index (RSI): 309
Short Interest Ratio: 0.25
Change from Open: 0.05