The U.S. Department of Justice announced in an indictment released on Friday that two California men have been charged with orchestrating a series of NFT carpet fraud schemes, defrauding buyers of more than $22 million in total. The Department of Justice stated that this is the largest NFT fraud case it has ever prosecuted. Gabriel Hay of Beverly Hills and Gavin Mayo of Thousand Oaks are respectively charged with one count of conspiracy to commit wire fraud, two counts of wire fraud, and one count of stalking. They were arrested in Los Angeles on Thursday.