Operators of the alleged scam promised investors their funds would be used to build a functioning casino and entertainment facility in the Sandbox metaverse. The plans included “a virtual stadium for virtual games and concerts, a virtual hotel, a virtual movie theater, a virtual bowling alley … [and] a virtual hockey team named ‘Flamingos,’” according to the orders.
Source: https://www.coindesk.com/policy/2022/05/11/5-us-states-issue-emergency-orders-to-shut-down-metaverse-casino-with-alleged-russian-ties/?utm_medium=referral&utm_source=rss&utm_campaign=headlines