Regulation
Crypto Companies Charged in $44 Million Ponzi Scheme
The owners of EmpowerCoin, ECoinPlus and Jet-Coin face charges of wire fraud, money laundering and obstruction of justice, among others.
The owners of EmpowerCoin, ECoinPlus and Jet-Coin face charges of wire fraud, money laundering and obstruction of justice, among others.
International Investment Group’s David Hu faces a maximum sentence of 45 years in prison.
The alleged victims included former MLB players, their families, and senior citizens.
Alleged fraudsters used ill-gotten gains to buy luxury cars and a yacht.