TechFlow news, July 16, according to The Block, a U.S. federal grand jury indicted South Dakota crypto investor Benjamin Paul Wiener, charging him with a total of 29 counts including wire fraud, money laundering, bank fraud, and aggravated identity theft.
Prosecutors alleged that he operated a Ponzi-like scheme through eight entities, defrauding dozens of victims in South Dakota and Minnesota of approximately $20 million, and transferred funds through banks and cryptocurrency trading platforms to conceal their origin, with some funds used for personal expenses. The case is currently under investigation by the IRS Criminal Investigation Division and the Federal Bureau of Investigation.
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