Two Estonian men arrested in their nation’s capital were charged in the US with defrauding hundreds of thousands of people worldwide in a $575 million cryptocurrency fraud and money-laundering conspiracy.
Sergei Potapenko and Ivan Turogin, both 37, persuaded victims to enter into fraudulent rental contracts for crypto mining equipment and to invest in a virtual currency bank that wasn’t really a bank, the Justice Department said Monday in a
In an indictment unsealed in Seattle federal court, Potapenko and Turogin were also accused of using shell companies to launder the fraud proceeds through at least 75 real estate ...