{"id":630702,"date":"2026-07-17T09:53:35","date_gmt":"2026-07-17T09:53:35","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/07\/17\/us-indicts-crypto-investor-over-alleged-20m-fraud-scheme-3\/"},"modified":"2026-07-17T09:53:35","modified_gmt":"2026-07-17T09:53:35","slug":"us-indicts-crypto-investor-over-alleged-20m-fraud-scheme-3","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/07\/17\/us-indicts-crypto-investor-over-alleged-20m-fraud-scheme-3\/","title":{"rendered":"US indicts crypto investor over alleged $20M fraud scheme"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/man-hacker-breaking-blockchain.jpg\" alt=\"US indicts crypto investor over alleged $20M fraud scheme\" class=\"type:primaryImage\" \/><\/p>\n<p>Federal prosecutors allege the South Dakota investor used false promises to raise money, repaid earlier investors with new funds and laundered proceeds through crypto exchanges.<\/p>\n<p>A federal grand jury has indicted a South Dakota cryptocurrency investor on wire fraud, money laundering, bank fraud and aggravated identity theft charges over an alleged $20 million investment scheme, the US Department of Justice said Thursday.<\/p>\n<p>According to the <a href=\"https:\/\/www.justice.gov\/usao-sd\/pr\/sioux-falls-crypto-investor-indicted-wire-fraud-money-laundering-bank-fraud-and\" rel=\"noopener noreferrer\" target=\"_blank\">indictment<\/a>, 43-year-old Benjamin Paul Wiener persuaded people to invest money and digital assets with his companies by making false statements and fraudulent representations.<\/p>\n<p>Prosecutors allege Wiener used funds from new investors to repay earlier investors and cover personal expenses after existing funds were depleted.<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/us-indicts-crypto-investor-over-alleged-20m-fraud-scheme\">Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Federal prosecutors allege the South Dakota investor used false promises to raise money, repaid earlier investors with new funds and laundered proceeds through crypto exchanges. A federal grand jury has indicted a South Dakota cryptocurrency investor on wire fraud, money laundering, bank fraud and aggravated identity theft charges over an alleged $20 million investment scheme, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":630701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-630702","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/630702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=630702"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/630702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/630701"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=630702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=630702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=630702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}