* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, July 11, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

FBI Arrests a Fraudster Over $43M Crypto Fraud and Las Vegas-Related Ponzi Scheme

May 3, 2024
in Technology
FBI Arrests a Fraudster Over $43M Crypto Fraud and Las Vegas-Related Ponzi Scheme
Share on FacebookShare on Twitter

The Federal Bureau of Investigation (FBI) has arrested a New York resident for allegedly masterminding a crypto Ponzi scheme. 

The alleged fraudster fronted the Ponzi scheme as a Las Vegas-related hospitality project to unsuspecting investors. The culprit used the large-scale scheme to defraud investors of about $43 million in crypto. 

FBI Arrests Fraudster for Crypto Ponzi Scheme

The US Attorney’s Office released a statement on May 1 regarding the arrest of Manhattan man Idin Dalpour. According to the details, the US Attorney for the Southern District of New York, Damian Williams, and the Assistant Director in Charge of the New York Field Office of the FBI, James Smith, made the arrest. 

According to the officials, Dalpour claimed to own an entity that invests in a Las Vegas hospitality venture and a crypto trading enterprise.

Dalpour deceived investors by promising huge returns on both ventures. He allegedly used a business entity under his control to beseech investments. However, his actions falsely represented the business’s interests in the crypto and hospitality sectors. 

Additionally, he fronted a process of buying crypto assets at wholesale and reselling them to retail investors for profits. Dalpour amassed up to $43 million through his sophisticated scheme, but he never invested the funds in the touted businesses.

Fraudster Flaunts High Annual Returns to Attract Investors

Part of Dalpour’s scheme’s selling point is its whopping 42% annual returns to the investors. He included forged insurance and escrow arrangements as safety assurances for their funds.

Dalpour operated a Ponzi scheme by paying earlier investors the promised returns with money from subsequent people who joined the scheme. 

Moreover, Dalpour never channeled the investors’ funds to any crypto investment as he promised. According to Attorney Williams, Dalpour used the money to maintain a lavish lifestyle instead of investing it as promised. 

He engaged in several gambling activities, which led to a loss of approximately $1.7 million. He also used part of the investors’ funds to pay private school tuition for his children.

Dalpour’s dubious activities crashed when a group of victims confronted him in November 2023. The fraudster owned up to his dubious acts and even told them they could arrest him. Dalpour has been charged with one count of wire fraud, which could result in a 20-year jail sentence.

Besides Dalpour, similar crypto-related Ponzi schemes have been reported. Moreover, the US authorities arrested a few people involved in such cases.

The US Securities and Exchange Commission (SEC) uncovered a $300 million Ponzi Scheme on March 15. The scheme operated under a crypto trading platform known as CryptoFX. 

Moreover, the scheme targeted investors within the US Latino community and the other two countries. 

Also in March, a New York jury convicted two people for promoting IcomTech, a fake crypto mining and trading scheme. The trial lasted for two weeks, and the fraudsters faced a maximum of 20 years imprisonment.

The Tech Report - Editorial ProcessOur Editorial Process

The Tech Report editorial policy is centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written by real authors.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechReport – https://techreport.com/crypto-news/fbi-arrests-a-fraudster-over-43m-crypto-fraud-and-las-vegas-related-ponzi-scheme/

Tags: arrestsFraudstertechnology
Previous Post

GamesBeat Summit 2024 agenda: Lotsa talks on resilience and adaptation | The DeanBeat

Next Post

Bitcoin (BTC) Drops Below $60,000, Analysts Expect Decline Ahead – Is it the End of Bull Run?

Rice Museum: Architecture Rooted in Rural Memory and Ecology – ArchDaily

Rice Museum: Architecture Rooted in Rural Memory and Ecology – ArchDaily

July 11, 2025
Japan Shifts Space Policy from Science to Security – JAPAN Forward

Japan Shifts Space Policy from Science to Security – JAPAN Forward

July 11, 2025
Scientists Develop Glowing Tool To Reveal Cancer Cells – Newsweek

Scientists Develop Glowing Tool To Reveal Cancer Cells – Newsweek

July 11, 2025
The Real Lifestyle And WILDGO Partner To Transform Tokenized Real Estate – BlockchainReporter

The Real Lifestyle And WILDGO Partner To Transform Tokenized Real Estate – BlockchainReporter

July 11, 2025
A Lean World Health Organization for the Global Good – Center for Global Development

Transforming the World Health Organization for Greater Global Impact

July 11, 2025
I upgraded to premium economy for a 13-hour flight on a budget airline. It lacked some perks, but it was still worth the price. – Business Insider

I Upgraded to Premium Economy on a 13-Hour Budget Airline Flight – Here’s What It Was Really Like

July 11, 2025

Givēon’s Soul-Stirring Old-School R&B Heartbreak

July 11, 2025
Blanchard Valley Health System Announces Changes to the Board of Trustees – Bluffton Icon

Blanchard Valley Health System Announces Exciting Updates to Board of Trustees

July 11, 2025
IRS clears way for churches to endorse political candidates – Fox Business

IRS clears way for churches to endorse political candidates – Fox Business

July 11, 2025
Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

July 11, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (716)
  • Economy (739)
  • Entertainment (21,626)
  • General (15,836)
  • Health (9,776)
  • Lifestyle (746)
  • News (22,149)
  • People (741)
  • Politics (749)
  • Science (15,957)
  • Sports (21,237)
  • Technology (15,724)
  • World (722)

Recent News

Rice Museum: Architecture Rooted in Rural Memory and Ecology – ArchDaily

Rice Museum: Architecture Rooted in Rural Memory and Ecology – ArchDaily

July 11, 2025
Japan Shifts Space Policy from Science to Security – JAPAN Forward

Japan Shifts Space Policy from Science to Security – JAPAN Forward

July 11, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version