US authorities accuse 11 people in cryptocurrency scam scheme

The US Securities and Exchange Commission has indicted 11 individuals who received $300 million from investors in a pyramid scheme fraud using cryptocurrency and blockchain technology.

The commission said charges were filed against four Fast and Furious founders living in Russia, Georgia and Indonesia and three others living in the US who were recruited by the pyramid founders to promote them online. as well as a number of other defendants who took part in the promotion of the project.

Source: “News”

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