# Crypto Ponzi Scheme Reappears! đš
The US SEC accused two brothers of operating a $60 million crypto Ponzi scheme, claiming that their crypto trading robot could bring a 13.5% return per month. However, this robot does not exist at all! đ±
From January 2023 to June 2024, the brothers lured more than 80 investors and misused $53.9 million of the $61.5 million to spend on luxury cars and mansions. The SEC has frozen its company's emergency assets.
What do you think of such a scam? Welcome to share your views in the comment section!
