Ohio man charged with $10 million cryptocurrency fraud scheme

8:05

Rathnakishore Giri, a 27-year-old from New Albany, Ohio, has a history of investment fraud, the Justice DepartmentGiri allegedly promised investors he could secure returns by investing their money in cryptocurrency, when in reality, DOJ says he couldn't. He "fraudulently" promoted himself as an expert in cryptocurrency, according to the DOJ.

FILE PHOTO: Representations of virtual cryptocurrencies are placed on U.S. dollar banknotes in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration/File PhotoHe lured investors to trust him with their money by "boasting about his own personal wealth and lavish lifestyle," the Justice Department said.

"Instead of using all investor funds for cryptocurrency investments as promised, defendant Giri diverted certain investor funds to other purposes such as payment of his own personal expenses or repayment of principal or interest on erlier investments in a manner consistent with a Ponzi scheme," the indictment says.

Is that E Jeans dad? Dayum! Shouldn’t of Bitcoin Mined Me

Nothing for the FTX CEO 🤷🏾‍♀️🤷🏾‍♀️🤷🏾‍♀️

Consider FTX fraudster, Sam Brinkman-Fried (he should be fried! ). He stole from the investors to give to his dear corrupt democrat party. Obviously Pelosi,Schumer and minions will rush to return the funds for restitution to those defrauded, correct? Well ,don't hold your breath!

⚖️ ~ 🪙 .. 0k doctor, the defendant in question is just the FTX, isn't it?

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ohio man charged with running alleged $10 million cryptocurrency Ponzi schemeA New Albany, Ohio man was arrested Friday on charges of wire fraud. Rathnakishore Giri is accused of running a cryptocurrency Ponzi scheme worth at least $10 million, the Justice Department announced. Tried to tell y'all to stay away from that shit And Trump roams free.
Source: WashTimes - 🏆 235. / 63 Read more »

Justice Department Opens Investigation Into Live Nation Over Monopoly ConcernsThe Justice Department is investigating whether Ticketmaster’s parent company Live Nation has abused its power as the dominant force in the live music industry. Wow that’s a non brainer Fucking finally I’ll save ya the time…they have.
Source: RollingStone - 🏆 483. / 51 Read more »

Justice Department Investigating Ticketmaster's Parent Company Amidst Swift DramaThe Justice Department could get to the bottom of the Taylor Swift ticket fiasco, because the feds are reportedly already investigating the parent company of Ticketmaster for possible antitrust violations. allergic reaction? If one was to play devil's advocate? Tricky Mustards always been turrible.
Source: TMZ - 🏆 379. / 59 Read more »

US Justice Department appoints special counsel for Trump probesThe U.S. Justice Department has named a special counsel to handle its investigations into former President Donald Trump, a senior Justice Department official said on Friday. Cue the outrage from the drooling ignorant that love the taste of tiny mushrooms and orange bronzer. When do we investigate the Biden crime syndicate? Is it too early to make it a national holiday when TFG heads to prison?
Source: KSLcom - 🏆 549. / 51 Read more »