Three Individuals Charged in Huge $1.9B Crypto Fraud

By: Eva Baxter

Three individuals face serious charges in a massive $1.9 Billion cryptocurrency scam. The involved parties could face up to five years of federal imprisonment if convicted of the fraud. Additionally, the alleged fraudulent crypto investment venture, HyperVerse, is said to have had a fake CEO leading its operations. The U.S. Securities and Exchange Commission (SEC) and a grand jury have come forward with these allegations in a lawsuit and criminal indictments against two leaders.