THELOGICALINDIAN - More artifice in the cryptocurrency amplitude as two Arizona men who fronted a milliondollar Crypto Ponzi arrangement are arrested on money bed-making charges
Crypto Ponzi Scheme Targeted Major Baseball League Players
Another day, addition deliciously abandoned scam in the cryptocurrency space. This time around, it looks as if the orchestrators of the Crypto Ponzi arrangement accepted as Zima Digital will get their comeuppance.
The two Arizona men Zach Salter, 27, and John Michael Caruso, 28, defrauded added than 100 bodies out of at atomic $7.5 actor over the aftermost year and a half. Among their victims, according to Quartz, were several major-league baseball players and their families.
Salter and Caruso founded a cryptocurrency advance close alleged Zima Digital Assets. They again acclimated investors’ funds to abutment their absurd lifestyles, while advertisement next-to-no income.
The arrant duo was tracked bottomward and arrested by the U.S. Secret Service on Jan 30. Caruso went by the alias of “Kryp 0 K!ng.” And alleged himself the “Michael Jordan of algebraic cryptocurrency trading.”
While Salter declared himself as a “serial entrepreneur” in the automotive and aerodynamics industries.
Living the Lambo Lifestyle
It seems the men had no advisedly about application added people’s money to ammunition their abundant lifestyles. They both alive in mansions with valuations arctic of $9 million.
While Caruso did address some balance in 2024, his declared assets was aloof $22,800. At the aforementioned time, he’s the registered buyer of a $200,000 2024 Lamborghini Urus.
According to the U.S. Department of Justice complaint, he additionally spent addition $350,000 on renting affluence vehicles, including a Ferrari, Aston Martin, and Rolls Royce.
Caruso additionally has a affection for travel–on clandestine jets. His destinations of best included Aruba, Cabo San Lucas, Hawaii, London, and New York (to name a few).
If that wasn’t abundant to accomplish his victims’ claret boil, the arrant villain absent an eye-watering $1.4 actor bank in Las Vegas.
Despite the adolescent age, he had a continued history of acid dealings. His all-encompassing bent accomplished included forgery, extortion, money laundering, and acceptable a bent syndicate.
For his part, Salter appear no assets in 2024. He was, however, magically able to own at atomic bristles affluence cars including a BMW, an Audi, two Mercedes, and a 2024 Chevy.
It seems he couldn’t abide the appetite to appearance off his abundance on Instagram, which concluded up confined as affirmation adjoin him.
The analysis began, Federal admiral stated, afterwards they accustomed an bearding complaint about Zima Digital Assets.
What do you accomplish of the Ponzi scammers abundant lifestyle? Add your thoughts below!
Images via Shutterstock
