Ohio Funding Supervisor Arrested for Allegedly Operating a $10M Cryptocurrency Ponzi Scheme – CoinDesk - Stock Haven News

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Friday, November 18, 2022

Ohio Funding Supervisor Arrested for Allegedly Operating a $10M Cryptocurrency Ponzi Scheme – CoinDesk

Giri allegedly misled investor by selling himself as an professional cryptocurrency dealer with a specialty in bitcoin derivatives. In keeping with the indictment, Giri falsely promised traders profitable returns on the cash they invested with him, with no threat to principal. In actuality, he used funds from earlier traders to repay new traders in a traditional Ponzi scheme set-up.



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