Miles Guo built a movement, a media empire, and a coin. Prosecutors say he built them on the savings of Chinese immigrants who thought they were funding a revolution. On June 29, a federal judge sent him away for thirty years. His fans still came.
A 47-year-old Nolensville man was indicted this week on eleven federal counts tied to an alleged crypto Ponzi run through Star Credit Holdings. Prosecutors say the pitch included a reserve fund that did not exist and personal loans investors took out in their own names.
A bank account in the Channel Islands gave up £8.59 million tied to Ruja Ignatova. Eight years after Asha handed over her savings in a Mumbai hotel ballroom, a sliver of the money is moving toward Germany. The Cryptoqueen is not.
Federal prosecutors are moving to seize seven homes and eleven vehicles allegedly bought with money from more than 1,000 investors who believed Christopher Delgado was running a crypto liquidity pool. Court filings say almost none of the $328 million ever reached a pool.
For four months in 2022, a Telegram-promoted app called Global Media paid Indians small amounts to watch advertisements. Then it disappeared with roughly ₹45.33 crore (about $5.4M USD), and the people running it had Cambodian and Malaysian phone numbers.
Two brothers from Ohio invented a fake Emirati royal house, a fake hedge fund, and a fake claim on a historic industrial complex. A federal judge in Cleveland just gave them a combined forty-seven years.