Two guys from Southern California, Gabriel Hay and Gavin Mayo, are facing serious charges for reportedly swindling more than $22 million from unsuspecting investors through fake NFT and digital asset schemes. According to the indictment, these two individuals carried out a string of “rugpulls,” which is when fraudsters create non-functional or non-existent NFT projects solely to trick people into investing their money.
Their alleged crimes involved shady projects like Vault (insert project name here), which promised huge returns but ultimately disappeared with people’s hard-earned cash. It’s a sad state of affairs when trustworthy individuals fall victim to such deceptive practices, but thankfully, justice is being served in this case.
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