Ponzi

Cryptocurrency

Million

James

Rise

On Wednesday, Idin Dalpour was indicted for wire fraud related to a Ponzi scheme that defrauded investors of over $43 million, <a href="https://www.justice.gov/usao-sdny/pr/manhattan-man-charged-running-43-million-ponzi-scheme" target="_blank" rel="noreferrer noopener" data-wpel-link="external">according</a> to announcements from Damian Williams, U.S. Attorney for the Southern District of New York, and James Smith, FBI Assistant Director.&nbsp; 
The scheme, spanning from 2020 to 2024, involved made-up investments in Las Vegas hospitality and cryptocurrency trading. Dalpour allegedly used new investor funds to pay returns to earlier investors while funding his lavish expenditures. 
Dalpour, who was arrested on Wednesday, is accused of misrepresenting his business ventures, claiming partnerships with a Las Vegas hotel, and being involved in cryptocurrency trading, promises that proved to be false. Instead of fulfilling investment promises, he reportedly spent on personal luxuries, gambling, and paying Tuition fees for&nbsp; His children 
Facing up to 20 years if convicted, Dalpour’s actions have prompted a federal crackdown on investment fraud. The FBI is actively combating cryptocurrency scams. Recently, it<a href="https://www.cryptotimes.io/2024/05/02/fbi-alerts-on-crypto-scams-in-houston-area/" data-wpel-link="internal"> addressed </a>the Rise of Crypto scams in the Houston area and the wider U.S. by educating the public on avoiding fake digital currency ventures and reporting suspicious activities, ready to address these types of financial crimes. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read<a href="https://www.cryptotimes.io/2024/04/30/ed-fbi-teamed-up-for-30-billion-cryptocurrency-scam/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">: ED &amp; FBI Teamed Up for $30 Billion Cryptocurrency Scam&nbsp;</a> 
</blockquote>

NY Man Faces Fraud Charge in $43 Million Crypto Scam

The Crypto Times

Други статии, публикувани на 2.05.2024 г.

Whales Return To Solana Meme Coins As Sealana Crypto ICO Raises $100,000 in Minutes

Dogecoin (DOGE) Founder Challenges SocialFi’s Potential: An Expert Crypto Analysis

U.S. Bitcoin ETFs See Record $563M Outflow Despite Fed’s No Rate Hike

FOMC Meeting Updates Revealed: Here’s How Crypto Markets Are Reacting

Analyst Josh Olszewicz Questions Ripple’s XRP as a Profitable Trade

Unlocking the Potential of Crypto Trading with KoinBay

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!