Crypto Fraud for $ 130 million

The US Department of Justice (DOJ) released a statement yesterday accusing 6 people of crypto fraud. The amount of the scam for the 4th cases exceeded 130 million greenbacks.

EmpireX
A ponzi scheme that raised about $100m.
3 people were accused. The poor devils face up to 115 years in prison collectively.

ICO Titanium Blockchain Infrastructure Services
A shield from the Bull Run of the 17th year. Collected 21 lam bucks.
The CEO of the company faces up to 20 years in prison.

David Saffron’s Trading Fund
He lured investors with a mythical trading bot, rented houses and cars.
David has collected about $12 million, he can go into custody for all 115 years.

The most interesting case: Baller Ape Club
NFT project exploiting the theme of monkeys.
On mint, they collected $ 2.6 million and pulled the rug, deleting the social networks. Later they tried to launder this money.
The Vietnamese founder faces up to 40 years in prison.

Why interesting
Baller Jeepegs have been distributed, they are even traded on SolSea
It is difficult to find the corpus delicti at the mint stage — the main commodity is in the hands of investors. The future of the American NFT market depends on how the actions of the ragpullers are interpreted by the court.

If you have been touched by one of the stories
DOJ Call on all those who are bored to go to their website and fill out a potential victim form
Often compensation is sent only to American citizens, but suddenly this time everything will be different.