According to Foresight News, U.S. Attorney for the Southern District of New York Damian Williams and the FBI have charged Idin Dalpour with defrauding at least $43 million through wire fraud related to a multi-year Ponzi scheme. Dalpour used false promises of high returns to lure victims into investing in a Las Vegas hotel business and a cryptocurrency trading business over the past four years. He claimed to have purchased cryptocurrencies in bulk and sold them to retail investors for a profit.