“#Trump DOJ leaders plan to drop charges against the alleged mastermind of a #cryptocurrency Ponzi scheme that prosecutors said defrauded investors of $722 million, reversing course on a 2019 indictment that was nearing trial.

The deputy AG’s office in Washington DC recently ordered the New Jersey US attorney’s office to dismiss the prosecution with prejudice, although final terms are still being hashed out.”

news.bloomberglaw.com/us-law-w…

US to Drop Charges for Alleged $722 Million Crypto Fraudster (1)

Justice Department leaders plan to drop charges against the alleged mastermind of a cryptocurrency Ponzi scheme that prosecutors said defrauded investors of $722 million, reversing course on a 2019 indictment that was nearing trial.

^{Ben Penn (news.bloomberglaw.com)}