US DOJ indicts 6 individuals over crypto fraud schemes that generated over $135 million
The U.S. Department of Justice (DoJ) Prosecution Six people allegedly involved in various crypto crimes, including NFTs, have soaked $ 135 million from unsuspecting investors.
BallerApe NFT promoter charged
Vietnam’s Le Anh Tuan, the promoter of the Baller Ape Club’s non-fungible token (NFT), has been charged with wire fraud and money laundering.
The Justice Department said Tuan and some unnamed conspirators were involved in the NFT collection “Ragpur” and stole $ 2.6 million from investors.
According to the statement, the accused washed funds by converting stolen coins into other types of cryptocurrencies across multiple blockchains with decentralized exchange services.
If convicted, Tuan faces up to 40 years in prison.
The Justice Department had previously charged the two in March for pulling Flossy’s floor covering.
Another three accused of the Global Cryptography Ponzi scheme
DoJ has accused Joshua David Nicholas, Flavio Goncalves, and Emerson Pires of raising $ 100 million through the global crypto-Ponzi scheme EmpireX.
According to the Justice Ministry, the accused made some misrepresentations about their platform and fraudulently guaranteed profits to investors.
Authorities have discovered that the accused is cleaning funds through foreign cryptocurrency exchanges.
Fake ICO
DoJ has charged Michael Alan Stollery with a fake Initial Coin Offering (ICO) for Titanium Blockchain Infrastructure Services, which has raised $ 21 million from investors.
According to Watchdog, Stoller justifies his platform by creating fake testimony and fake partnerships with popular companies like Apple and federal agencies like the US Federal Reserve Board. Generally lied about.
If convicted, Stollery faces up to 20 years in prison.
Illegal merchandise pool
The Justice Department has charged David Saffron for running an unregistered product pool on his crypto investment platform, the Circle Society, and raising $ 12 million from investors.
According to the Justice Ministry, Saffron created the false look of wealth by meeting investors in luxury homes and walking around with a team of armed guards.
Saffron also lied about his trading bot’s capabilities and promised a return on investment of 600%.
DoJ focused on curbing crypto-related crimes
Justice ministry officials say the judiciary is focused on eliminating malicious players from the crypto industry.
According to Tracy L. Wilxon, a U.S. lawyer in Central California,
These incidents play an important role in reminding some scammers to hide behind buzzwords, but after all, they’re just trying to separate people from money. is.
