A Vietnamese citizen was indicted by the United States Department of Justice for alleged $ two.six million fraud following ripping a carpet from an NFT undertaking.
According to a press release published on the morning of July one, the United States Department of Justice issued an indictment towards Le Anh Tuan, 26, a Vietnamese citizen.
Mr. Le Anh Tuan is accused of defrauding $ two.six million by an investor in an NFT undertaking identified as the Baller Ape Club, with the motive of Bored Ape Yacht Club (BAYC). After commencing the undertaking and marketing NFT on Solana’s blockchain platform, earning all around $ two.six million, this particular person out of the blue deleted the project’s web page and ran away with the funds.
Authorities located that following the rug pull, Tuan and his accomplices had moved the funds to numerous blockchains to take away traces.
The US Department of Justice announced that Le Anh Tuan could encounter up to forty many years in prison if convicted of all expenses. The situation is pending in the California Central District Court.
Authorities also stated it was the highest-worth NFT fraud situation ever prosecuted in the United States. The announcement does not reveal far more precise background data as properly as existing data about Mr. Le Anh Tuan.
– db (@ tier10k) June 30, 2022
Additionally, the US Department of Justice has also prosecuted 3 other cryptocurrency-linked fraud scenarios, like:
– TBIS: conspiracy to impersonate US government officials and Apple staff to launch ICO
– EmpiresX: crypto trading platform accused of unlawful sale of securities and ponzi
– Circle Society: Conspired to increase capital to build a cryptocurrency investment fund, pledged to make a revenue of up to 600% but did not register it with the authorities.
In complete, all 4 scenarios prosecuted by the United States Department of Justice brought on investor harm of far more than $ 130 million.
The United States Department of Justice urges victims of all 4 scams to report to authorities for help and complaints.
The US authorities in current instances are dealing with far more and far more cryptocurrency scenarios, like the arrest of two people today linked to the Bitfinex assault, the recovery of three.six billion bucks in Bitcoin accused of insider trading with former NFT OpenSea worker and positioned OneCoin founder on the FBI’s Most Wanted List.
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