Owner of Las Vegas company indicted in $24 million cryptocurrency Ponzi scheme

Feb. 14, 2025 — A Las Vegas business owner made his initial appearance in court yesterday for allegedly misrepresenting that his company was a profitable, up-and-running artificial intelligence company that mined cryptocurrency, verified cryptocurrency transactions, paid fixed rates of return on investments, and provided a 100% money back guarantee. In total, the defendant obtained approximately $24 million from at least 400 investors.  Read More