Ethereum and Solana NFT scammers are sued for a $22 million Rug Pull scam
The U.S. Department of Justice announced in an indictment on Friday that two California men have been charged with orchestrating a series of NFT rug pull scams, defrauding buyers out of more than $22 million in total. The department said this is the largest NFT fraud case it has ever prosecuted. Gabriel Haye from Beverly Hills and Gavin Mayo from Thousand Oaks were each charged with one count of conspiracy to commit wire fraud, two counts of wire fraud, and one count stalking. They were arrested in Los Angeles on Thursday.
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