According to Odaily Planet Daily, the US Department of Justice recently released an indictment stating that two California men were accused of planning a series of NFT frauds, defrauding buyers of more than 22 million US dollars.
The Justice Department said this was the largest NFT scam it has ever prosecuted. Gabriel Hay of Beverly Hills and Gavin Mayo of Thousand Oaks were charged with multiple counts and arrested in Los Angeles last Thursday.
The indictment alleges that from May 2021 to May 2024, Hay and Mayo used false statements and misleading project roadmaps to promote NFT projects involving multiple projects on the Ethereum and Solana blockchains.
