US moves to seize $7.1M in crypto tied to $97M oil investment scam

Seattle-based federal prosecutors have sought the forfeiture of $7. 1 million in custodial cryptocurrency value associated with an oil and gas scam between June 2022 and July 2024. The U. S. Attorney’s Office alleged that the larger scheme brought in $97 million from investors by promoting a fake business model involving oil tank storage rentals. In December […] source: https://www.cryptopolitan.com/us-moves-to-seize-7-1m-in-crypto/