FBI uncovers $43M crypto and Las Vegas Ponzi scheme, mastermind arrested

From Investing.com: 2024-05-02 04:20:08

The FBI has recently uncovered a $43 million cryptocurrency and Las Vegas hospitality Ponzi scheme. The scheme involved fraudulent investments in a Silicon Valley-based cryptocurrency trading platform. The mastermind behind the scheme has been arrested and faces multiple charges including wire fraud and money laundering. Investors were promised high returns but instead lost millions.

Read more at Investing.com: FBI busts $43M crypto and Las Vegas hospitality Ponzi scheme