🚨🚨🚨Three British citizens charged for involvement in the "Evolve Ape" NFT scam
💵💵💵$2.7 million involved
British nationals involved in the "Evolve Ape" NFT scam have been charged in the United States with wire fraud and money laundering. Nearly 800 Ether (worth $2.7 million at the time) were allegedly stolen in the scam.
The defendants drove up the price of digital artworks by falsely promising to develop video games. They allegedly defrauded investors of their funds, never developed a game, and pocketed the proceeds. Digital art may be new, but the old rules still apply: it is illegal to make false promises for money.
Mohamed-Amin Atcha, Mohamed Rilaz Waleedh, and Daood Hassan drove up the price of 10,000 NFTs with false promises of developing video games, then transferred the funds and abandoned the project.
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