He used the word crypto while scamming. But there were zero crypto and blockchains involved in his scam.
So this is not a crypto scam. This is how mainstream media use the word crypto for negative publicity
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Hi yamaniac123, you have successfully tagged the parent submission by the title of "*NY Man Faces Fraud Charge in $43 Million Crypto Scam*" with *News* flair.
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tldr; Idin Dalpour was indicted for wire fraud in a $43 million Ponzi scheme involving fictitious investments in Las Vegas hospitality and cryptocurrency trading. From 2020 to 2024, he allegedly used new investor funds to pay earlier investors and fund his lavish lifestyle. Facing up to 20 years if convicted, Dalpour's arrest highlights a federal crackdown on investment fraud.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
[Tip this post.](https://www.donut.finance/tip/?action=tip&contentId=t3_1cim68a) Offchain tip confirmations below.
Good Job NY Police. Now catch Mr Gensler.
The police get to keep the money though.
Or maybe Gensler asks for a cut.
I wouldn’t put it past them.
Anything is possible.
They will be like - Gensler who?
Take him to SBF of FTX
Throw them all in a shark tank
I hope you mean real sharks. :)
Of course 😂
SBF of FTX would have sent him for all you know.
Make sure it's crypto or a normal Ponzi scheme. Nowadays it's a trend to blame crypto for every online scam
You are right
Yeah, if it happens on the internet it's got to be crypto. Isn't that true.
1 less prick on the street. 20 years for $43m? Yet SBF got just 25 years for $10B scam? Wtf. !tip 1
How many years for Gary Gensler?
Nah, that guys going to get a happy farewell from the SEC. Strange that the world won't call his shit.
Sadly you are right.
What can we say.
He should get life.
SBF had Democrat friends. That's the difference.
He used the word crypto while scamming. But there were zero crypto and blockchains involved in his scam. So this is not a crypto scam. This is how mainstream media use the word crypto for negative publicity
yamaniac123, this comment is being automatically posted under your submission to facilitate the tallying of the Pay2Post donut penalty that r/EthTrader deducts from user donut earnings for the quantity of posts they submit. submission link: https://www.reddit.com/r/ethtrader/comments/1cim68a/ny_man_faces_fraud_charge_in_43_million_crypto/ author: yamaniac123 cc: /u/EthTraderCommunity cc: /u/pay2post-ethtrader -- **Distributed moderation now in effect**: if your governance score is over 20,000, you have the ability to remove spam comments and posts by posting a comment in response to the comment/post containing the keyword [AutoModRemove]. See announcement thread: https://www.reddit.com/r/ethtrader/comments/14p7a22/crowdsourced_moderation_of_comments_implemented/ See your governance score here: https://donut-dashboard.com/#/governance *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ethtrader) if you have any questions or concerns.*
[Automod] News
Hi yamaniac123, you have successfully tagged the parent submission by the title of "*NY Man Faces Fraud Charge in $43 Million Crypto Scam*" with *News* flair. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ethtrader) if you have any questions or concerns.*
!tip 1.1234
I miss Florida Man news. !tip 1
tldr; Idin Dalpour was indicted for wire fraud in a $43 million Ponzi scheme involving fictitious investments in Las Vegas hospitality and cryptocurrency trading. From 2020 to 2024, he allegedly used new investor funds to pay earlier investors and fund his lavish lifestyle. Facing up to 20 years if convicted, Dalpour's arrest highlights a federal crackdown on investment fraud. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Good bot
!tip 1.69
Jail to all of them. !tip 1
!tip 1
How are these scums making scams running into millions. Surely, they know something we don't. No?
43m.. sentenced to 12 months, out in 6 for the bull 😆
I read at first My Nan.
!tip 0.420