AirBit Club Ponzi Operators Charged With Fraud and Money Laundering
Cointelegraph
Published Aug 19, 2020 05:07AM ET
Updated Aug 19, 2020 06:40AM ET
The operators of a global cryptocurrency-based Ponzi scheme have been charged with fraud and money laundering following a United States Homeland Security Investigations probe.
According to an announcement from the U.S. Department of Justice, four of the five alleged operators of AirBit Club, which allegedly netted tens of millions of dollars from victims, were arrested and due to appear in court on Aug. 18, while the fifth was arrested in Panama and is awaiting extradition to the U.S.
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Written By: Cointelegraph
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