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| August 19, 2018

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Gates Admits Committing Crimes With Manafort

August 7, 2018 |

The star prosecution witness in the financial fraud trial of Paul Manafort testified Monday that he concealed millions of dollars in foreign bank accounts on Manafort’s behalf and falsified documents to help his former boss obtain millions of dollars more in bank loans. Rick Gates also admitted he embezzled hundreds…
Newser

CNN

Abortion to avoid birth defects is similar to Nazi crimes, Pope says

August 3, 2018 |

Pope Francis compared having an abortion to avoid birth defects to the Nazi era idea of trying to create a pure race.
CNN.com – RSS Channel – World

Man in Puerto Rico Shirt Video Charged With Hate Crimes

July 13, 2018 |

A hostile and apparently ill-informed Chicago man who ranted at a woman for wearing a Puerto Rico shirt in the US is now facing felony hate crime charges. Robert Foley, spokesman for the Cook County State’s Attorney’s Office, says the office approved the charges, which were enhancements of the misdemeanor…
Newser

Philippines Senator Wants Harsher Penalties for Cryptocurrency Crimes

April 18, 2018 |

Philippines Senator Wants Harsher Penalties for Cryptocurrency Crimes

On Monday April 16, the Philippines opposition senator Leila M. de Lima asked her fellow bureaucrats to push the passage of the cryptocurrency bills she helped frame. The proposed bills aim to introduce a harsher penalty towards criminals who use cryptocurrencies during illegal activities.

Also read: ‘Cryptomatoes’ Using Excess Mining Heat to Grow Produce

Philippines Lawmaker Wants to Speed Up Cryptocurrency Regulations

Philippines Senator Wants Harsher Penalties for Cryptocurrency CrimesThere’s been a lot going on in the Philippines as far as cryptocurrencies are concerned and lawmakers are yearning to form some laws around the industry that provides this technology to citizens. Only recently the Philippine National Police (PNP) arrested a couple who were involved in a Ponzi scheme that had participants paying for investments in bitcoin. Arnel and Leonady Ordonio accumulated 1 billion Philippine Pesos ($ 1.9Mn USD) worth of bitcoins from investors. The Ordonios promised investors guaranteed 30 percent profits and some people spent $ 50,000 USD. Further, news.Bitcoin.com reported on the Philippines Securities and Exchange Commission (SEC) taking a stance against cloud mining operations just recently and the SEC believes mining contracts should be defined as securities.

Opposition senator Leila M. de Lima thinks that the legislative chamber needs to prioritize Senate Bill 1694, a proposal she filed a month ago. The recent Ordonio Ponzi scheme has compelled her to call upon her colleagues.

“I hope that this occurrence will push my esteemed colleagues in the Senate to take my proposed bill seriously and help pass it into law soon,” the senator explains.

Knowing that virtual currency resembles money, and that the possibilities in using it are endless, higher penalty for its use on illegal activities is necessary.

 

Philippines Senator Wants Harsher Penalties for Cryptocurrency Crimes
Opposition senator Leila M. de Lima thinks criminals who use cryptocurrencies should have harsher sentences than those who use other means of funding. De Lima is also facing trial for alleged participation in the illegal drug trade.

The Opposition Senator Believes Cryptocurrency Criminals Deserve Harsher Penalties

SB1694 would re-define the Republic Act No. 3815 or the Revised Penal Code (RPC) in order to penalize cryptocurrency criminals one degree higher than the traditional RPC.

“No matter how small or big a group, a punishment must be given. It should never be easy to escape after stealing the hard earned money of other people,” de Lima said.

The older RPC also states that “syndicated estafa and other forms of swindling shall be punishable by life imprisonment to death” if the act involves five or more individuals. De Lima’s proposal wants to lessen the guidelines of the law to two or more people involved with a syndicated crime involving cryptocurrencies.

The opposition senator also details that citizens from the Philippines should be leery of cryptocurrency investments. It’s also worth noting that senator Leila M. de Lima is a controversial figure, and is currently facing trial for profiting from the illegal narcotics trade. 

What do you think about the Philippines senator who wants harsher punishments for those who use cryptocurrencies in crimes? Let us know what you think in the comments below.


Images via Shutterstock, Pixabay, AP, and Wiki Commons. 


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The post Philippines Senator Wants Harsher Penalties for Cryptocurrency Crimes appeared first on Bitcoin News.

Bitcoin News

TMZ

Kevin Spacey Sex Crimes Case to Be Rejected by L.A. County D.A.

April 12, 2018 |

2:37 PM PT — The L.A. County Sheriff’s Dept. released a statement, saying, “The Los Angeles County Sheriff’s Department Special Victims Bureau began an investigation into allegations of a sexual assault involving Mr. Kevin Spacey on December 11,…

TMZ.com

UN rights chief: Syria siege involved ‘war crimes’

March 20, 2018 |

The U.N. human rights chief told an informal meeting of the Security Council Monday that the Syrian government’s five-year siege of the Damascus suburbs of eastern Ghouta has involved “pervasive war crimes,” use of chemical weapons and starvation as a weapon of war.
FOX News

Voodoo adherents worry about backlash after recent crimes

February 12, 2018 |

Two separate crimes against children in recent days have one haunting similarity: authorities have pointed to Voodoo rituals as a possible motive.
FOX News

CNN

Freed Taliban hostage accused of crimes in Canada

January 3, 2018 |

Joshua Boyle, who spent five years with his family in militant captivity in Afghanistan, faces multiple charges in Canada, including assault and unlawful confinement.
CNN.com – RSS Channel – Regions – Americas

Former Kentucky Woman Guilty of War Crimes

December 28, 2017 |

She was a middle-aged woman working at a Nestle plant in Kentucky when she was arrested in 2011, but Azra Basic had a much darker past. On Wednesday, a war crimes court in Sarajevo sentenced the 58-year-old to 14 years in prison for torturing and killing civilians during the Balkan…
Newser

Bosnia: Former female fighter convicted of war crimes

December 27, 2017 |

Bosnia’s war crimes court has convicted a former fighter of crimes committed against Bosnian Serb civilians during the country’s 1992-95 war.
FOX News