Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
British Olympian Charged for Cryptocurrency Scam and Cannabis Proliferation

British Olympian Charged for Cryptocurrency Scam and Cannabis Proliferation

CoinEditionCoinEdition2026/05/29 15:54
By:CoinEdition

Prosecutors in Britain have charged CJ Ujah, who represented Team GB at the Tokyo Olympics in 2021, alongside nine other suspects at the Chelmsford Crown Court for running an elaborate scam involving cryptocurrencies and distributing illicit products. 

According to the prosecutors, Ujah and his gang engaged in phone calls to multiple victims, while purporting to be police officers and cryptocurrency companies. They tricked the victims into sharing crucial security details, which they used to steal funds from their crypto wallets. One of the victims allegedly lost more than 300,000 pounds to the suspected criminals.

Besides stealing crypto, the Crown Court also indicted Ujah for supplying cannabis on April 29. Meanwhile, all 10 defendants are facing charges of conspiracy to defraud, according to the Regional Organized Crime Unit Network. As of Thursday’s hearing, none of the defendants were asked to enter a plea. However, they will appear at the Chelmsford Crown Court for the next hearing on July 24.

Ujah, a renowned athlete for Great Britain, became only the fifth Briton to break the 10-second barrier for the 100 meters, running 9.96 seconds in 2014. The latest indictment adds him to the infamous category of celebrities involved in crypto scams, many of whom have faced legal trouble.

(adsbygoogle = window.adsbygoogle || []).push({});

Although some celebrities knowingly engaged in systems that stole funds from unsuspecting populations, some claimed not to have full knowledge of the products they represented or the dangers posed to victims. 

The infamous FTX collapse had on its list several popular figures who served as celebrity brand ambassadors. The massive class action that followed dragged several stars, including NFL legend Tom Brady, NBA star Steph Curry, NBA legend Shaquille O’Neal, and tennis champion Naomi Osaka.

The proliferation of celebrity figures in suspicious crypto networks has left many users reluctant. Ujah’s case, although in the early stages, seems a classic criminal case. However, the athlete and other suspects will have their day in court, with the next hearing scheduled for the last week of July.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

The Shopify Stock Rally Isn't Done: Chart of the Week -- Barrons.com

By Doug Busch Shopify is no longer a pandemic-era growth story that simply failed to slow down. It is compounding at a pace few software platforms its size still manage. In the second quarter of 2026, sales on its platform rose 32%. That was the fifth straight quarter of growth exceeding 30%. Merchants are also using more of Shopify's own tools, from payments to Shop Pay, and new channels like AI shopping agents are starting to increase demand. The simple bull case is that the stock already commands a huge share of independent online commerce, and that position should become more valuable as more buying moves through its checkout. A rule of market mechanics is that the vast majority of an individual security's gain is driven by its underlying sector. Within technology, software has staged a robust recovery, joining semiconductors to power the broader sector higher. The iShares Expanded Tech-Software Sector ETF has maintained an upward trajectory since its mid-April lows, though the advance from $74 to $112 has been choppy as bulls repeatedly stepped in to defend when necessary. Breadth across large-cap software has expanded significantly, with 24 constituents surging over 20% over the past three months. During that same three-month window, Shopify generated outstanding relative strength, advancing 36%, more than doubling the IGV's 17% gain over the same period. Expect the stock's outperformance to persist as software momentum broadens. Let's examine the daily and monthly charts to outline the technical drivers behind this thesis. Looking at the daily chart, the ratio chart against the IGV shows persistent outperformance extending back to mid-May. The stock is riding an eight-session winning streak, during which price action cleared a double-bottom-with-handle pivot at $151.39. Within this broader base, the stock recorded a bullish golden cross in late August and successfully filled its Sept. 10 price gap, tracing back to its Aug. 4 session, the day before a powerful earnings reaction sent the stock surging 17% hi

Dow Jones•2026/10/09 03:10

TRexBio: IPO Of 8.3M Shares Priced at $14.00 Each >TRXB

TRexBio: IPO Of 8.3M Shares Priced at $14.00 Each >TRXB

Dow Jones•2026/10/09 01:47

Talos Energy director Barbara J. Faulkenberry files initial beneficial ownership statement

Talos Energy director Barbara J. Faulkenberry filed an initial Form 3 statement dated Oct. 1, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Talos Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-418248), on October 08, 2026, and is solely responsible for the information contained therein.

Bitget•2026/10/09 01:05