The FBI arrested a New York resident for defrauding investors of at least $43 million in a multi-year Ponzi scheme that included a Las Vegas hospitality business and crypto trading operation.
The Federal Bureau of Investigation (FBI), alongside a New York court, arrested a local resident under the allegations of orchestrating a sophisticated Ponzi scheme that defrauded investors of $43 million.
On May 1, Damian Williams, the United States Attorney for the Southern District of New York, and James Smith, the Assistant Director in Charge of the New York Field Office of the FBI, charged Idin Dalpour with fraudulent activities that included deceptive investment opportunities in a Las Vegas hospitality venture and a cryptocurrency trading enterprise.
Dalpour allegedly lured unsuspecting investors with promises of substantial returns, which was nothing more than a facade concealing a large-scale Ponzi scheme.