Crypto Founder Charged in Alleged $9M Memecoin Rug Pull Scheme
Key Highlights A federal indictment charges Sisemore with three counts of wire fraud over an alleged cryptocurrency “rug pull” scheme operating between April 2021 and at least October 2023. Prosecutors allege developers secretly distributed 12% of the token supply to their own wallets while publicly marketing the venture with the claim: “A community-owned project with ...