CoinDeal executive indicted in $45M crypto fraud
Bryan Lee has been indicted for his involvement in CoinDeal , an alleged $45 million Crypto currency fraud . The various companies that made up this scheme were under the banner of ‘ViRSE’ and purported to be creating metaverse technologies and cryptocurrency. The scheme claimed that investors would make massive returns once the companies were purchased by wealthy investors. To support this, they were told that the firms had the support of two billionaires, one who ran a massive online retail company, and another who ran an electric car company. This was allegedly completely untrue. It’s claimed that the collected funds were misappropriated and used to purchase luxury cars and real estate . Lee was the signatory for the various bank accounts used by ViMarket, one of the companies under the ViRSE umbrella. He allegedly used investor funds to purchase his personal home, justifying it by claiming that he could build a model of the house to use in the metaverse. Th...