【Two NFT promoters face charges for allegedly defrauding $22 million】According to Jinse Finance, two 23-year-olds from California were arrested in Los Angeles for allegedly defrauding investors of over $22 million in cryptocurrency assets through NFT scams and are currently facing fraud charges. The U.S. Department of Justice's public affairs office stated in a press release that Gabriel Hay and Gavin Mayo are charged with conspiracy to commit wire fraud, two counts of wire fraud, and one count of stalking. It is alleged that the two sponsored and promoted NFT and digital asset projects and conducted promotional activities to support the projects. The Department of Justice accuses the two of making or causing others to make 'significant false and misleading statements' regarding the digital asset projects. Additionally, prosecutors allege that Hay and Mayo provided misleading and false project roadmaps that included future plans for NFT and digital asset projects they had no intention of realizing. The indictment states that Hay and Mayo promoted the Vault of Gems NFT project, claiming it would be the first NFT project 'tied to hard assets.' Despite these promises, prosecutors accuse the two of abandoning the projects after raising millions of dollars from investors.

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