Ethereum and Solana
NFT• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен Scammers Charged
in $
22 Million Rug Pull Scheme
Ethereum and Solana NFT• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен Scammers Charged in $22 Million Rug Pull Scheme
California men Gabriel Hay and Gavin Mayo were charged by the Department of
Justice over a series of alleged NFT• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен investment scams.
By Jason Nelson
Dec 22, 2024 Dec 22, 2024
3 min read
Artwork from the Vault of Gems NFT• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен project (cropped). Image: Vault of Gems
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Two California men have been charged with orchestrating a series of NFT• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен rug
pulls that totaled more than $22 million bilked from buyers, the U.S• Соединённые Штаты Америки (США).
Department of Justice said in an indictment unsealed on Friday. The DOJ said
the case is the largest NFT• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен scheme it's ever prosecuted.
Gabriel Hay of Beverly Hills, and Gavin Mayo of Thousand Oaks are each charged
with one count of conspiracy to commit wire fraud, two counts of wire fraud,
and one count of stalking. The men were arrested Thursday in Los Angeles• Соединённые Штаты Америки (США) » Административные единицы США » Административное деление США » Калифорния (штат) » Города Калифорнии » Лос-Анджелес
• Соединённые Штаты Америки (США) » Населенные пункты США » Города США » Города Калифорнии » Лос-Анджелес.
“For three years, Hay and Mayo apparently lied to their investors in order to
defraud them out of millions of dollars,” Katrina W. Berger, executive
associate director of Homeland Security Investigations said, in a statement.
“Such technological fraud schemes cost investors millions of dollars every
year.”
From May 2021 to May 2024, Hay—who went by “Mr. Handz,” “Diamondhandz,”
“Centurion,” and “Vaultkeeper”—and Mayo, who went by “Gavinm,” promoted NFT• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен
projects using false claims and misleading project roadmaps, the indictment
alleged.
A rug pull occurs when a developer creates a token, falsely claims there are
plans for future development, sells the token based on these empty promises,
and then abruptly vanishes with the investors' money.
According to the indictment, Hay and Mayo allegedly lured unsuspecting victims
with NFT• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен projects minted on the Ethereum and Solana blockchains, including
Vault of Gems, Faceless, Sinful Souls, Clout Coin, Dirty Dogs, Uncovered,
MoonPortal, Squiggles, and Roost Coin.
According to the DOJ, the duo and others falsely claimed the Vault of Gems NFT
collection• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен would be tied to real-world assets like jewelry, and similarly made
claims around other projects that were never fulfilled.
Hay and Mayo allegedly collected millions from investors before abandoning the
projects, leaving investors holding the bag, prosecutors said. Additionally,
the indictment alleges that Hay and Mayo harassed a project manager from the
Faceless NFT• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен, who had exposed their fraudulent activities.
If convicted, Hay and Mayo each face a maximum penalty of 20 years in prison
on each of the conspiracy and wire fraud counts, and a maximum penalty of five
years on the stalking count.
“Whenever a new investment trend occurs, scammers are sure to follow,” U.S• Соединённые Штаты Америки (США).
Attorney Martin Estrada said in a statement. “My office and our law
enforcement partners will continue our efforts to protect consumers and punish
wrongdoers involved in crypto fraud.”
The case was investigated by Homeland Security Investigations, a division of
the Department of Homeland Security that has a mandate to investigate and
combat various forms of financial crimes, including those involving digital
assets. It was assisted by the National Cryptocurrency Enforcement Team, a
special unit of the DOJ.
Edited by Andrew Hayward
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