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BankInfoSecurity.com reported that “A Vietnamese man
accused of orchestrating the largest non-fungible token rug pull to
date faces prosecution in the United States for wire fraud
conspiracy and money laundering.” The July 1, 2022 article
entitled “US DOJ Targets Baller Ape Rug Pull and Other
Crypto Fraud” included these comments:
The indictment is one of a clutch of cryptocurrency fraud
prosecutions touted by Justice this week.
They include cases against a fraudulent investment fund that
purportedly traded on cryptocurrency exchanges, a global Ponzi
scheme involving the sale of unregistered crypto securities, and a
fraudulent initial coin offering.
Blockchain entries pointing to cartoons of anthropomorphized
apes have been a hot commodity among crypto traders who looked
forward to the promised drop of 5,000 such digital assets under the
Baller Ape brand.
Each digital asset was priced the equivalent of
approximately $300 each.
Higher-end cartoon apes won purchasers entry into reward
Clearly this is not what everyone expected when they invested in
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