Man scammed investors out of $147 million in sham gems

 

Source: Edvard Pettersson - Bloomberg

A Southern California man collected about $147 million from more than 70,000 investors around the world by promising them profits from amber and gemstones mines that didn’t actually exist and selling them worthless digital coins purportedly backed by the gems.

Read Full Article: Man scammed investors out of $147 million in sham gems

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