Airbit's operator is guilty of $ 100 million crypto ponzi scheme

Airbit's operator is guilty of $ 100 million crypto ponzi scheme

The United States' public prosecutor for the southern district of New York announced that a total of six managers of the Airbit Airbit Club cryptocurrency pondered pondering pondered in an internationally coordinated series of fraud and money laundering allegations.

The operators of Airbit Club are said to have recorded around $ 100 million over a period of five years. These include co-founders Pablo Renato Rodriguez and Gutemberg Dos Santos, their lawyer Scott Hughes and the Airbit promoter Cecilia Millan, Karina Chairez and Jackie Aguilar, who are guilty of wire fraud, bank fraud and money laundering, among other things

another ponzi

In an explanation, US lawyer Damian Williams said that the six managers had used the growing hype around the asset class to deceive unsuspecting victims around the world by millions of dollars by making false promises that their money would be invested in the trade with cryptocurrencies and in the mining.

"Instead of acting or digging cryptocurrencies on behalf of investors, the accused built a ponzi system and took the money of the victims to fill their own pockets. These culminate conversations send a clear message that we were trying to use all those who try to use cryptocurrencies for fraud." According to the knowledge of the law enforcement authorities, Rodriguez, Dos Santos, Hughes, Chairez and Millan asked the victims to acquire memberships in cash through third-party cryptocurrency brokers. Illegal proceeds from the Airbit Club program were then washed through several domestic and foreign bank accounts, including a lawyer faithful account managed by Hughes.

The lawyer led funds to the personal expenditure of the co-founders and sponsors as well as to themselves. These funds were also used for advertising events and sponsorship to further promote the Airbit Club program.

expenses for elaborate expos, luxury real estate

All defendants who were first charged in August 2020 traveled through the United States and Latin America, Asia and Eastern Europe and organized “generous” exhibitions and small community presentations to convince the victims to acquire memberships in the Airbit Club.

The prosecutors further explained that the victims could see the accumulated “profits” on their online portal. However, there was no actual Bitcoin mining or trade in the name of the victims. Instead, the operators of the fraud project enriched and spent the money on cars, jewelry and luxury properties and financed more extravagant exhibitions to accumulate more victims.

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