US authorities track $7.1M in crypto after dismantling international $97M oil investment scam

Seattle-based federal prosecutors have sought the forfeiture of $7.1 million in custodial cryptocurrency value associated with an oil and gas scam between June 2022 and July 2024. The U.S. Attorney’s Office alleged that the larger scheme brought in $97 million from investors by promoting a fake business model involving oil tank storage rentals. In December […]

Source: cryptopolitan.com (Read Full Article)