New York settles crypto pyramid scheme case for nearly $6 million after targeting Haitian community
- —Settlement returns nearly $6 million to defrauded investors
- —More than 11,000 New Yorkers were victims of the scheme
- —Scammers targeted immigrant communities, including Haitians
Why it matters: The case highlights how crypto Ponzi schemes exploit trust within diaspora communities and sets a precedent for restitution through prosecutors.
Source: Bing News (crypto query)