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US indicts crypto investor over alleged $20M fraud scheme

Cointelegraph·July 17, 2026·1 min read
US indicts crypto investor over alleged $20M fraud scheme

U.S. federal prosecutors indicted a South Dakota crypto investor for an alleged $20 million fraud scheme. The investor used false promises to raise funds, repaid earlier investors with new money, and laundered proceeds through crypto exchanges. The case underscores ongoing enforcement actions against crypto-related fraud.

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