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Crypto Fraud Indictment Hits $20M Ponzi Scheme — 30 Years at Stake

The Cryptonomist·July 17, 2026·1 min read
Crypto Fraud Indictment Hits $20M Ponzi Scheme — 30 Years at Stake

A federal grand jury indicted a South Dakota man for an alleged $20 million crypto investment scam. The US Department of Justice announced the case, which left dozens of victims across the Midwest with losses. The indictment highlights cryptocurrency's role in fraudulent schemes targeting investors.

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