Co-founder of Wolf Capital admits to $9.4M Ponzi scheme, warns of crypto fraud

From Cointelegraph

January 10, 2025 8:25 PM:

The co-founder of Wolf Capital has pleaded guilty to wire fraud conspiracy, admitting to luring 2,800 crypto investors into a Ponzi scheme. The US Department of Justice revealed the scam, highlighting the dangers of fraudulent schemes in the crypto market. The case serves as a reminder for investors to remain vigilant and conduct thorough research before investing in any opportunity.

Read more at Cointelegraph: Wolf Capital co-founder pleads guilty to $9.4M Ponzi, promised 547% returns