DOJ cracks down on ‘rug pulls,’ charging Frosties NFT project founders

[newshunter]

DOJ cracks down on ‘rug pulls,’ charging Frosties NFT project founders

“You can’t solicit funds for a business opportunity, abandon that business and abscond with money investors provided you,” stressed IRS-CI special agent-in-charge Thomas Fattorusso.

Source: DOJ cracks down on ‘rug pulls,’ charging Frosties NFT project founders

Would appreciate your opinion about this

[cheezcarls]

DOJ cracks down on ‘rug pulls,’ charging Frosties NFT project founders

<p style="float:right; margin:0 0 10px 15px; width:240px;"></p><p>“You can’t solicit funds for a business opportunity, abandon that business and abscond with money investors provided you,” stressed IRS-CI special agent-in-charge Thomas Fattorusso. </p>

Source: DOJ cracks down on ‘rug pulls,’ charging Frosties NFT project founders

Would appreciate your opinion about this

Yes I saw this on my Facebook feed while I am browsing some random stuff. The scammers behind Frosties aren’t smart enough in their actions, which is why they got caught in California by the authorities and seizing their assets. They thought that they’ve already gotten away with the hard-earned money of the investors, but they’ve left a trace about IP address on Discord, etc. They wanna be smart, but not smart enough to be untraced. They should refund those investors, surrendering their “keys to the kingdom” and face longer jail time.