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The United States accuses a Canadian man of fraud through crypto investment schemes on Discord, involving over $42 million.
PA News December 11th - According to Bloomberg, U.S. prosecutors have charged Canadian citizen Nathan Gauvin with orchestrating a fraud scheme that raised over $42 million through false advertising. The scheme targeted individual users on the chat platform Discord, claiming that funds would be invested in traditional finance and cryptocurrency sectors. He used most of the money for investor withdrawals, purchasing luxury jewelry, paying off credit cards, and falsely obtaining $800,000 in credit from fintech companies for personal expenses. From May 2022 to October 2024, Gauvin and others lured investors to invest in Gray Digital Capital Management Inc. and its fund Gray.
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