SEC Uncovers $140M Ponzi Scheme Tied to GOP Donor
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最新报道：The U.S. SEC has charged GOP donor John DeSalvo with orchestrating a $140 million Ponzi scheme through his Blazar Token project. DeSalvo allegedly promised investors high returns from a non-existent crypto trading algorithm and falsely claimed the token would replace government pensions. Instead, he diverted funds for personal use, including home renovations and luxury purchases. The SEC also found DeSalvo misrepresented Blazar as SEC-registered and falsely claimed ties to blockchain firm Algorand. The scheme collapsed in 2022 when withdrawals were halted. DeSalvo now faces civil and potential criminal charges for securities fraud.
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