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ICO Scammer Pleads Guilty to Covid-Relief Scandal worth $7M


ICO Scammer Pleads Guilty to Covid-Relief Scandal worth $7M
Last Updated: 21 April 2021
An ICO fraudster has pleaded guilty to a scandal in which he defrauded financial institutions over $7 million in Covid relief funds. The fraudster used the proceeds on luxurious personal items, including a new car, Rolex watch, and apartment.
The U.S. Department of Justice has arrested a Taiwanese National, Justin Cheng, who has pleaded guilty to charges stating that he fraudulently obtained over $7 million in Covid relief. Cheng had applied for online loans in which he created false records of tax and payrolls from May to August 2020. He also defrauded investors through a false initial coin offering that he set up in 2018. ....

Justin Cheng , Alchemy Coin Technology , Taiwanese National , Us Payment Protection Program , Us Department Of Justice , Penn State , Protection Program , Economic Injury Disaster Loan , Alchemy Coin Technology Limited , ஜஸ்டின் செங் , டைவநீஸ் தேசிய , எங்களுக்கு கட்டணம் ப்ரொடெக்ஶந் ப்ரோக்ர்யாம் , எங்களுக்கு துறை ஆஃப் நீதி , பென் நிலை , ப்ரொடெக்ஶந் ப்ரோக்ர்யாம் , பொருளாதார காயம் பேரழிவு கடன் ,