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#Wire fraud

3 Stories Found
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Crypto Founder Charged in Alleged $9M Memecoin Rug Pull Scheme
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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 ...

So-Called Crypto ‘Godfather’ Sentenced to 78 Months in Prison as $37M Meta Fraud Unravels
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So-Called Crypto ‘Godfather’ Sentenced to 78 Months in Prison as $37M Meta Fraud Unravels

Key Highlights: Iza received a 78-month federal prison sentence running concurrently with an existing 15-year Connecticut term following guilty pleas to conspiracy against rights, wire fraud, and tax evasion. From 2020 to 2024, Iza generated tens of millions of dollars by fraudulently hijacking Meta advertising accounts and selling credit lines, leaving Meta to absorb customer ...