Ivars Auzins, a resident of Latvia, a tiny country in the Baltics, was extradited to the US on Friday. A six-count indictment accusing the Latvian of wire fraud, securities fraud, and conspiracies to commit wire and securities fraud in connection with the operation of eight businesses that claimed to provide, invest in, or mine digital assets has led to the Latvian’s transfer to the American judicial system.
The U.S. Department of Justice announced in a press statement that Ivars Auzins will be arraigned on the indictment before the Honorable Roanne L. Mann on Saturday in a federal court in Brooklyn. Breon Peace, the US attorney for the Eastern District of New York, and Michael J. Driscoll, the assistant director in charge of the FBI’s New York Field Office, made the following announcements on the charges:
In a cunning plan, Auzins defrauded investors by investing millions of dollars in phoney cryptocurrencies. This Office will keep up its strong investigation and prosecution of anyone who defrauds investors by lying or acting from a foreign location, including the defendant.
The Latvian was accused of running various businesses known as the “Auzins Entities,” which marketed via email campaigns, social media, and cryptocurrency-specific websites. Before abruptly leaving, they offered great financial prospects and requested investments.
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Denaro and Bitroad were two of those that used ICOs to raise money (ICOs). Among the platforms offering various investment plans and return percentages were Impressio Estate, Broi Investments (Bankroi), Changepro, Gemneon Investments, and Lycovest. Bitcoin (BTC) and ether were two of the coins that Innovamine offered investment opportunities in the mining of (ETH).
Source: https://www.thecoinrepublic.com/2022/08/28/latvian-brought-back-to-us-in-case-of-wire-fraud-involving-crypto-investments/