President of Fake UN Affiliate Convicted of Fraud in Crypto Scam

President of Fake UN Affiliate Convicted of Fraud in Crypto Scam
0

President of Fake UN Affiliate Convicted of Fraud in Crypto Scam

The president of a fictitious United Nations (UN) affiliate has been convicted of defrauding investors in a crypto offering.

  • Asa Saint Clair has been convicted of wire fraud for devising an investment scheme which scammed more than 60 victims into providing loans to a sham organization he had invented, according to a Department of Justice release Friday.
  • The “World Sports Alliance,” he claimed, was an affiliate of the UN promoting the values of sports that was developing IGObit, a digital coin which guaranteed returns on investment, in a scheme that ran from November 2017 to around September 2019.
  • Saint Clair was “in reality promoting only the balance of his bank accounts,” Damian Williams, Attorney for the Southern District of New York, said.
  • The more than 60 victims of Saint Clair’s scam were defrauded of “hundreds of thousands of dollars,” according to the release.
  • The count of wire fraud carries a maximum sentence of 20 years in prison. Saint Clair is scheduled to be sentenced by a judge on July 19, 2022.

Read more: US Prosecutors Charge Founder of ‘IGOBIT’ Token With Fraud

Click to rate this post!
[Total: 0 Average: 0]

Join Our Newsletter

Sign up for free now and be the first to know about new updates.

Write a Comment