The U.S. Department of Justice has filed fraud and money laundering charges against nine individuals involved in two allegedly fraudulent crypto projects, IcomTech and Forcount, both of which claim to be cryptocurrency mining and trading companies that allow users to invest using cash, checks, and wire transfers Cryptocurrency, the investment product it launched promised to provide high profits, but prosecutors found that neither company actually traded or engaged in cryptocurrency mining, and the tokens it issued had no real value but a Ponzi scheme. The case will be U.S. Department of Justice's Money Laundering and Transnational Criminal Enterprises Division.