U.S. Prosecutors Crack Down on Fraudulent NFT Project Creators

U.S. Prosecutors Crack Down on Fraudulent NFT Project Creators

By Steven T. Lowe / August 4, 2022

On March 24, 2022, an unsealed complaint before the U.S. District Court for the Southern District of New York charged two individuals with conspiracy to commit wire fraud and conspiracy to commit money laundering based on an alleged fraudulent NFT project scheme titled “Frosties.” In January 2022, the Internal Revenue Service Criminal Division and the…

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