Texas Fraudster Faces Justice for $10 Million Digital Currency Crypto Scam According to U.S. Attorney’s Office, Northern District of Illinois, a 52-year-old from Houston, Texas, has been charged with federal fraud for leading a digital currency scheme swindling investors out of over $10 million. From 2018 to 2023, Dunlap and associates falsely marketed the Meta-1 Coin, claiming it was backed by an art and gold portfolio valued at approximately $44 billion. The indictment reveals Dunlap manipulated the Meta-1 Coin’s market price using automated software, inflating its trading volume on a fabricated exchange platform. If convicted, he faces four counts of mail fraud and was arrested in Virginia, with orders for his removal to Chicago for trial. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Strong Economy May Delay Fed Rate Cuts Amid Inflation Concerns READ MORE Turkish Investors Flock to Dollars and Gold Amid Lira's Decline READ MORE Fed’s Barr Declares End to Emergency Loan Program Amid Banking Stability READ MORE ZeroHedge: IEA, OPEC Divergence On Oil Demand Becomes Too Big To Ignore READ MORE Gold bar scammers bilk nearly $1M from Maryland woman, police say READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment