The CEO of an Orlando cryptocurrency firm and former Orange County commission candidate is accused of operating a Ponzi scheme that defrauded investors of at least $328 million, federal prosecutors announced Tuesday.
Orlando crypto CEO arrested for $328 million Ponzi scheme
The CEO of an Orlando cryptocurrency firm and former Orange County commission candidate is accused of operating a Ponzi scheme that defrauded investors of at least $328 million, federal prosecutors announced Tuesday.
Last updated: June 17, 2026, 7:11 AM
Related Stories
BusinessApril 8, 2026
Paramount CEO Jeff Shell Steps Down After Legal Dispute with High-Roller Robert Cipriani
Paramount Global CEO Jeff Shell resigned after an external review found no securities violations in his dispute with Las Vegas businessman Robert Cipriani. Shell’s departure follows an $111 billion Warner Bros. Discovery merger.
BusinessApril 8, 2026
Elon Musk Offers to Forfeit All Damages in OpenAI Lawsuit, Redirecting Focus to Nonprofit Mission
Elon Musk has revised his legal strategy in the high-stakes OpenAI lawsuit, proposing to waive all financial damages—potentially worth $134 billion—while seeking drastic corporate restructuring. The move aims to reframe the case around preserving OpenAI’s nonprofit mission amid allegations of miscon
BusinessApril 8, 2026
Meta Unveils Muse Spark AI Model Amid Strategic Shake-Up, But Access Remains Highly Restricted
Meta launched Muse Spark, its first AI model from the new Superintelligence Labs, claiming performance parity with top rivals like OpenAI and Google. However, the model is gated behind Meta’s own apps and APIs, raising questions about open innovation. The move follows a $14.3 billion investment in S