Thursday, February 13, 2025

Cyber Crime News Update

U.S. Department of Justice

Offices of the United States Attorneys

 
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02/13/2025 07:00 AM EST

"The defendant preyed on the Egyptian-American Coptic Christian community by falsely promising that his purported artificial intelligence-driven hedge fund would earn guaranteed annual returns of 30% or more, and taking advantage of their trust for his own personal gain," stated United States Attorney Durham.  "This Office has prioritized protecting and seeking justice for individual investors in our District and beyond." 
 

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