Home Cryptocurrency News Ohio Funding Supervisor Arrested for Allegedly Operating a $10M Cryptocurrency Ponzi Scheme – CoinDesk

Ohio Funding Supervisor Arrested for Allegedly Operating a $10M Cryptocurrency Ponzi Scheme – CoinDesk

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Giri allegedly misled investor by selling himself as an skilled cryptocurrency dealer with a specialty in bitcoin derivatives. In response to the indictment, Giri falsely promised buyers profitable returns on the cash they invested with him, with no danger to principal. In actuality, he used funds from earlier buyers to repay new buyers in a traditional Ponzi scheme set-up.

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