The U.S. Department of Justice (DoJ) has charged six people allegedly involved in various crypto crimes, including NFT, which sucked $ 135 million from unsuspecting investors.
Baller Ape NFT promoter charged
The promoter of Baller Ape Club Non-fungible tokens (NFTs), Vietnam’s Le Anh Tuan, was charged with wire fraud and money laundering.
The DoJ said Mr. and several unnamed conspirators were involved in “pulling the carpet” of the NFT collection, stealing $ 2.6 million from investors.
According to the claim, the defendant laundered the funds by converting the stolen coins into other types of cryptocurrencies on several blockchains with a decentralized exchange service.
The master will be imprisoned for up to 40 years if convicted.
Department of Justice before charged two individuals in March over the carpet Frosties pull.
3 others are accused of global Ponzi crypto schemes
The DoJ accuses three individuals, Joshua David Nicholas, Flavio Goncalves, and Emerson Pires, of raising $ 100 million through EmpireX’s global Ponzi crypto scheme.
According to the DoJ, the accused made some misrepresentation about the platform and fraudulently guaranteed a return to investors.
Authorities found that the defendants laundered funds through foreign crypto exchanges.
The DoJ charged Michael Alan Stollery with making a false initial coin offering (ICO) for Titanium Blockchain Infrastructure Services, which generated $ 21 million from investors.
According to observers, Stollery lied about the platform’s legitimacy to the public by making false testimonials and false partnerships with popular companies like Apple and federal agencies like the U.S. Federal Reserve Board.
Stollery faces up to 20 years in prison if convicted.
Illegal commodity pool
The Justice Department indicted David Saffron of operating an unlisted commodity pool with the crypto investment platform Circle Society, generating $ 12 million from investors.
According to the DoJ, Saffron created fake wealth by meeting with investors in luxury homes and also walking with a team of armed security guards.
Saffron also lied about the capabilities of trading bots, promising a 600% return on investment.
The DoJ is focused on preventing crypto -related crimes
Justice Department officials say the department is focused on eliminating malicious players from the crypto industry.
According to U.S. Attorney Tracy L. Wilkison for the Central District of California,
These cases are an important reminder that some fraudulent artists hide their trendy words, but in the end, they just try to separate people from their money.