Authorities have unveiled a string of charges in recent weeks against a group of alleged scammers, operating from Serbia, China and beyond. They allegedly bilked global investors out of $70 million. The scammers’ alleged weapon: investors’ thirst for cryptocurrency profits, especially during the ICO bubble of 2017 and early 2018. Six of the suspects – all Serbian citizens – were subsequently arrested by police in Serbia, based on a provisional U.S. arrest warrant. If convicted of all of the charges filed against them, each faces up to 20 years in prison.”]
Source: https://www.bankinfosecurity.com/blogs/above-law-feds-target-ico-cryptocurrency-scams-p-3000