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Two US residents were accused of creating a cryptocurrency pyramid for $ 44 million
The court in the United States accused the residents of the States Oregon and Illinois and the companies associated with them of assigning $ 44 million by organizing a fictitious investment scheme in cryptocurrency funds. This was reported in CFTC .
According to the agency, since 2017, Sam Ikkirt, known as https://gagarin.news/ Srinivas and Rao and Ravishankar Avadhans have created three companies allegedly to attract investment.
Potential customers Ikkurty Capital, Rose City Income Fund and Seneca Ventures promised up to 62% of the annual profit. Attackers advertised the project, including using video clips on YouTube. In fact, all three companies worked on the principle of a financial pyramid.
In total, they managed to attract at least $ 44 million from 170 people.
According to CFTC, most of the received funds of Ikkirts and Avadhans were distributed as a profit among the participants in the pyramid. Another $ 18 million accused transferred to their own accounts. Part of the funds with the help of offshore organization allegedly fell on an unnamed foreign cryptocurrency exchange.
Illinois Federal Court froze the indicated assets and appointed a temporary manager to return funds to victims.
Another hearing in the case is scheduled for May 25. CFTC intends to recover fines from the defendants and impose a constant ban on trade, registration and future violations of the Law on commodity exchanges on their part.
Earlier, US authorities accused CEO Mining Capital Coin of $ 62 million fraud.
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