LIVEA New York resident organized a crypto pyramid scheme and stole $43 million.
According to the prosecutor, Idin Dalpur created a pyramid using cryptocurrencies in 2020. He offered investors from the USA and other countries to receive a significant income of 42% per annum from investments in cryptocurrencies. According to law enforcement officers, all the promises of the New York resident arrested yesterday were a hoax, since he paid investors the expected profit from the funds of other participants. In addition, instead of using their capital for its intended purpose, Dalpur spent it on personal needs. Prosecutors allege that Dalpur repeatedly lied to investors who were trying to get their funds back, telling them that banks could not return the money due to server hacking problems making payments and so on. Now that the scheme's organizer's deception has been revealed, he faces a long prison sentence. Prosecutors in the southern district of New York believe that he should be severely punished for deceiving many people who trusted him with their funds in the hope of making money riptocurrency. Surprisingly, such financial pyramids occur with enviable regularity in the crypto industry, and, despite all the warnings of experts, many investors invest their money in them worries, and then are left with nothing.
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