Federal prosecutors allege the South Dakota investor used false promises to raise money, repaid earlier investors with new funds and laundered proceeds through crypto exchanges.

Source: [CoinTelegraph](https://cointelegraph.com/news/us-indicts-crypto-investor-over-alleged-20m-fraud-scheme?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)

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