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Crypto Exec Cops To $200M Bitcoin Ponzi Scheme

By Rae Ann Varona ( September 17, 2025, 10:18 PM EDT) -- The chief executive officer of a cryptocurrency trading company pled guilty on Tuesday in Virginia federal court to a $200 million Ponzi scheme that federal prosecutors said defrauded more than 90,000 investors worldwide and allowed the executive to buy luxury vehicles, clothing and homes worth several million dollars....

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