Two Southern California men charged with NFT-based cryptocurrency fraud scheme Friday
LOS ANGELES, Calif. – On Friday, a six-count indictment was unsealed charging Gabriel Hay of Beverly Hills and Gavin Mayo of Thousand Oaks in connection with defrauding investors of more than $22 million in cryptocurrency through a series of digital asset-based “rugpulls”, a scheme were investors funds are fraudulently retained after a project is abandoned. […]
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