Crypto fraud

Stock and Bond Fraud, including Boiler Rooms / Pump and Dump Schemes, Mutual Fund & Hedge Fund Fraud, FOREX scams, plus Churning, Private Placements, Venture and Bridge Funding, IPOs, Viaticals Fraud, HYIP and Prime Bank scams, MTNs, Historical Notes, Recovery Schemes, etc. Includes the Jim Norman Project and the Michael Dotson Project and similar HYIP scams.
JamesVincent
A Councilor of the Kabosh
Posts: 3096
Joined: Sat Oct 23, 2010 7:01 am
Location: Wherever my truck goes.

Crypto fraud

Post by JamesVincent »

Ran across this article and thought I'd share.
Federal prosecutors on Friday announced charges against a German businessman, alleging he scammed investors out of more than $150 million in a crypto fraud scheme.

Prosecutors said Horst Jicha promoted USI Tech, the company he founded and helmed as its CEO, as a crypto mining and trading platform “accessible to the average retail investor.” But in actuality, Jicha and two unnamed co-conspirators, both USI Tech executives, lured and defrauded investors in a “multilevel marketing scheme,” prosecutors allege.
https://www.cnbc.com/2024/01/19/crypto- ... fVjKUVeFiI
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Arthur Rubin
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Re: Crypto fraud

Post by Arthur Rubin »

Some would say Crypto is fraud, at best.

I'm not convinced they're wrong.
Arthur Rubin, unemployed tax preparer and aerospace engineer
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