🚨 $22M NFT Fraud Case: Largest in U.S. History
Two California men, Gabriel Hay and Gavin Mayo, both 23, have been indicted by the DOJ for defrauding investors of $22M in multiple NFT and cryptocurrency scams, including Vault of Gems, Faceless, Clout Coin, and Sinful Souls.
📌 Projects were falsely marketed with fabricated roadmaps and promises.
📌 Accused of orchestrating “rug pulls” by abandoning projects after raising funds.
📌 Charges include wire fraud, conspiracy, and stalking.
If convicted, they face up to 20 years per fraud charge and 5 years for stalking. Victims are urged to contact rugpullvictims@hsi.dhs.gov.
The case highlights growing scrutiny of fraud in the NFT and crypto space. Transparency and accountability remain critical.
Stay informed and secure! 🛡️
