Head of fake UN affiliate was accused of crypto fraud in the USA
More than 60 people might have suffered as a result of Saint Clair’s fraudulent activities, the prosecution suggests
20.03.2022 - 07:00
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What’s new? On March 18, the US Attorney for the Southern District of New York Damian Williams charged Asa Saint Clair for cryptocurrency-related fraud. He was accused of organizing a fictitious affiliate of the World Sports Alliance, which allegedly belongs to the UN. This was reported by the Department of Justice for the Southern District of New York.
Information on the Justice Department’s website
What was the basis of the charge? The prosecutor brought charges against Saint Clair for setting up an investment scheme. He posed as the director of the World Sports Alliance and persuaded the victims to invest in his organization “under UN guarantees.” The defendant offered the digital asset IGObit as an investment tool. .
What awaits the criminal? Saint Clair may face a maximum sentence of 20 years in prison under wire fraud. The Department of Justice for the Southern District of New York reported:
“The maximum potential sentence for the offense of conviction is prescribed by Congress and is provided here for informational purposes only, as the sentencing of the defendants will be determined by the judge. Sentencing before Judge Castel is scheduled for July 19, 2022.”
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