Tag: Federal Crypto Reserve

Another Crypto Indictment: US Prosecutors Charged Two Men for Operating $25M Crypto Ponzi Scheme!

Court Cases Allessandro - December 13, 2023

The U.S. Department of Justice announced that a new superseding indictment had been unsealed, charging an Australian national and a California resident in a crypto Ponzi scheme, leading to over $25 million in victim losses. David Gilbert Saffron, 51, from Australia, and Vincent Anthony Mazzotta Jr., 52, from Los Angeles, are accused of orchestrating a fraudulent operation, luring investors into various trading programs.

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