The US Department of Justice (DOJ), working with the USSS, recently seized cryptocurrency worth $6.5 million from an operator of an alleged Ponzi scheme called Banana Fund. The department filed a complaint about the forfeiture of the funds last Wednesday. Who is operating the fund? The DOJ suggests that the Banana Fund is being operated by an unnamed foreign national. The US Secret Service (USSS) launched an investigation on him to find that the administrator took funds in the name of the Banana Fund but eventually used investor funds for personal use. He used the funds for buying a home…
Continue Reading US Authorities Seize $6.5 Million In Crypto from A Ponzi Scheme
U.S. authorities are trying to return $6.5 million in bitcoin and tether to the victims of an alleged Ponzi scheme.
Continue Reading Inside a Crypto ‘Ponzi’: How the $6.5M Banana.Fund Fraud Unravelled