THELOGICALINDIAN - The architect and administrator of several cryptocurrency funds has pleaded accusable to adorable investors to his crypto advance betray His funds consistently absent money and his betray larboard investors with a 5 actor accident according to the US Department of Justice DOJ
Investors Scammed Into Investing in Coin Signals’ Funds
The U.S. Department of Justice (DOJ) appear Tuesday that Jeremy Spence (aka Coin Signals) has pleaded accusable in a counterfeit cryptocurrency advance scheme.
Spence “solicited over $5 actor from added than 170 alone investors for assorted cryptocurrency funds that he operated, afterwards authoritative apocryphal representations in affiliation with these funds,” the DOJ explained. Spence was charged in June.
U.S. Attorney Damian Williams detailed:
“In reality, Spence’s investments consistently absent money, and his betray larboard investors with a $5 actor loss,” the Justice Department continued.
Spence solicited investors for several cryptocurrency advance funds that he created and managed from November 2024 through April 2024. His better and best alive funds were Coin Signals Bitmex Fund (CS Mex Fund), Coin Signals Alternative Fund (CS Alt Fund), and Coin Signals Long Term Fund.
The Department of Justice noted:
“To adumbrate his trading losses, Spence acclimated new broker funds to pay aback added investors in a Ponzi-like fashion,” the DOJ described, abacus that he “distributed cryptocurrency account about $2 actor to investors essentially from funds ahead deposited by added investors.” The Justice Department elaborated:
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