bitcoin

Bitcoin Does Not Protect Against Fraud

June 20, 2018

There is a common misconception that the cryptocurrency Bitcoin is safe and secure and will protect those who trade in it from fraud. However, as white collar criminologist Bill Black explains, Bitcoin is just as susceptible to fraud as any other type of transaction and complacency makes the likelihood of fraud only greater

Bitcoin Frauds Keep Growing

June 19, 2018

William K. Black, June 18, 2018     Kansas City, MO One of the prime myths that white-collar criminologists have to refute repeatedly is that blockchain makes fraud impossible. Blockchain, in some settings, is a costly means of making some frauds much more difficult. Blockchain is useless against the most important frauds. The primitive worship of blockchain…

The Empire Files

August 4, 2017
Out of the periphery of most online users, there’s a vast, hidden space used by people who want to remain anonymous, which filmmaker Alex Winter explores in his documentary Deep Web. The film focuses on the Silk Road, a black market hosted on the Darknet using bitcoin cryptocurrency, and the trial of Ross Ulbricht, who…

$6 Billion Money Laundering On-line Business Operated with Impunity

May 29, 2013

Bill Black: Operation involving drug money carried on for almost a decade before being charged; much bigger crimes on Wall St. go unpunished