Two guys from Southern California, Gabriel Hay and Gavin Mayo, are facing some serious legal trouble after being accused of swindling investors out of over $22 million through fake NFT and digital asset schemes. Apparently, they pulled off a few “rugpulls,” which means they promised investors amazing new crypto projects but then disappeared with their money once they had collected enough funds.
This whole thing sounds pretty shady if you ask me! The indictment goes on to explain that these guys were behind projects like Vault (which sounds super suspicious), and they even went so far as to create fake websites and social media accounts to make their scam seem more legitimate. Yikes! If you or someone you know has fallen victim to one of these guys’ schemes, it’s important to report it immediately.
Scammers like this prey on unsuspecting victims and can cause serious financial harm. Let’s all stay vigilant out there in the world of crypto!
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