New York Attorney General Sues Over Alleged $1 Billion Crypto Fraud

The lawsuit, filed in Manhattan state court, claims the defendants preyed on people's faith, focusing on Haitian and other immigrant communities. Victims were targeted through prayer groups and through social media, sometimes in Creole, according court papers.

June 07, 2024 at 01:37 PM

3 minute read

Cryptocurrency

Emily Saul

The original version of this story was published on New York Law Journal

The New York attorney general on Thursday filed suit against two cryptocurrency companies and their promoters, alleging a pyramid scheme that defrauded hundreds of thousands of people out of more than $1 billion.

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