Three US men charged in $722m cryptocurrency Ponzi scheme

Pedro Gonçalves
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Three US men charged in $722m cryptocurrency Ponzi scheme

Three men were charged with running a cryptocurrency mining operation that officials labeled a "high-tech Ponzi scheme" that defrauded investors out of $722m. The indictment alleges that Matthew Brent Goettsche, Jobadiah Sinclair Weeks and Joseph Frank Abel operated a fraudulent scheme to solicit cryptocurrency mining investments from April 2014 to December 2019. They were also charged with conspiracy to offer and sell unregistered securities. Authorities are charging the first two with...

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