US man, Misam M. Abidi (47), indicted for crypto Ponzi scheme via Star Credit Holdings (2020-2024). Allegedly defrauded investors of millions. Promises of high returns, fabricated reserves, & inflated assets. Paid early investors with new funds. Used loan money, forged docs, misused $1.9M+, evaded taxes. Faces 11 charges incl. wire fraud, unlicensed money transmission, tax fraud, money laundering. Potential decades in prison.
#crypto #blockchain #news
Blockchain Report
npub1cg…nmysr
2026-06-12 20:07:11 CEST
Author Public Key
npub1cg2ejqexhx88llcve0yxts2exv5q9k0a88l69q0vp7y5n0f2xyfscnmysrPublished at
2026-06-12 20:07:11 CESTEvent JSON
{
"id": "e95aceb5fb43ace7d670d5916d1cbd9d5d28db3788f7afeb80f39c228d61123f",
"pubkey": "c215990326b98e7fff0ccbc865c159332802d9fd39ffa281ec0f8949bd2a3113",
"created_at": 1781287631,
"kind": 1,
"tags": [],
"content": "US man, Misam M. Abidi (47), indicted for crypto Ponzi scheme via Star Credit Holdings (2020-2024). Allegedly defrauded investors of millions. Promises of high returns, fabricated reserves, \u0026 inflated assets. Paid early investors with new funds. Used loan money, forged docs, misused $1.9M+, evaded taxes. Faces 11 charges incl. wire fraud, unlicensed money transmission, tax fraud, money laundering. Potential decades in prison.\n\n#crypto #blockchain #news ",
"sig": "532ca4d84f0769aa6ce5cd83c7c2c327ca7189d023e4a6aeb2ecbb5561a54d8d3fea1a8d6bae234a77430346891da27eb5efec45cce85648ebe399b5933ce079"
}