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- ARI | 02-17-25 AM (Newsmax ET)
ARI | 02-17-25 AM (Newsmax ET)
Estonian Nationals Plead Guilty in Massive Cryptocurrency Fraud Case
Two Estonian citizens have pleaded guilty to defrauding hundreds of thousands of individuals worldwide in a cryptocurrency scheme totaling $577 million. The defendants admitted to operating a series of fraudulent platforms that lured investors with promises of substantial returns, only to misappropriate the funds for personal gain. The US Justice Department extradited the two from Estonia last year.
This case highlights the growing concerns over cryptocurrency-related fraud and the international efforts to combat such schemes. Authorities emphasize the importance of conducting thorough research before investing in digital assets and remaining vigilant against offers that seem too good to be true.
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Fun Fact
Ronald Reagan Was a Lifeguard Who Saved 77 Lives – Before becoming president, Reagan worked as a lifeguard and kept tally marks on a log every time he saved someone.