The FBI has cracked a Ponzi scheme that used cryptocurrency investment as bait, involving an amount of 43 million dollars

ChainCatcher news, according to Cointelegraph, the Federal Bureau of Investigation (FBI) and a New York court recently arrested and charged Idin Dalpour with fraudulent activities, including providing deceptive investment opportunities in the following areas: a Las Vegas hotel business and a cryptocurrency trading business.

It is alleged that Dalpour attracted unsuspecting investors with promises of huge returns, which were merely a facade for a massive Ponzi scheme.

As part of the cryptocurrency trading scheme, he claimed to have bulk purchased cryptocurrencies and sold them to retail investors for profit.