{"id":19433,"date":"2024-05-03T08:15:50","date_gmt":"2024-05-03T08:15:50","guid":{"rendered":"https:\/\/coinengineer.io\/?p=19433"},"modified":"2024-05-03T06:27:06","modified_gmt":"2024-05-03T06:27:06","slug":"43-million-crypto-ponzi-scheme-idin-dalpour-arrested-in-us","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/43-million-crypto-ponzi-scheme-idin-dalpour-arrested-in-us\/","title":{"rendered":"$43 Million Crypto Ponzi Scheme: Idin Dalpour Arrested in US"},"content":{"rendered":"<p>Idin Dalpour has been charged with wire fraud in connection with an alleged multi-year Ponzi scheme that defrauded investors of $43 million or more, according to an unsealed indictment from the United States Attorney&#8217;s Office for the Southern District of New York.<\/p>\n<p>Dalpour was arrested yesterday morning and is scheduled to appear in Manhattan federal court before U.S. Magistrate Judge Barbara Moses later in the day.<\/p>\n<p>\u201cIdin Dalpour told investors that they could reap huge returns by investing through him in a purported Las Vegas hospitality business and a crypto trading operation,&#8221; said Damian Williams, U.S. Attorney for the SDNY.<\/p>\n<p>&#8220;As alleged, Dalpour\u2019s promises were a mirage, and he was running a classic Ponzi scheme by paying investors purported returns with other investors\u2019 money,&#8221; he continued, adding: &#8220;Instead of using investors\u2019 funds as promised, Dalpour spent lavishly on himself, which included racking up gambling losses of approximately $1.7 million and paying for his children\u2019s private school tuition. Now, Dalpour\u2019s gamble has him facing federal criminal charges for his alleged crimes.\u201d<\/p>\n<p>Dalpour is alleged to have run a <strong><a href=\"https:\/\/coinengineer.net\/blog\/airdrop-expected-layer-2-blast-ponzi-claims\/\">Ponzi<\/a><\/strong> scheme from roughly 2022 through April of this year, targeting investors located in the U.S. and overseas. Instead of using investors funds as claimed \u2014 to support a Las Vegas hospitality enterprise and a crypto trading business \u2014 he allegedly misappropriated funds and paid out early investors with contributions from later investors.<\/p>\n<p>In approximately November of last year, Dalpour reportedly stated \u2014 when confronted by a group of their Ponzi scheme&#8217;s apparent victims \u2014 that &#8220;what you already have, you have, you can put me in jail now. Like right now.&#8221;<\/p>\n<p>Dalpour faces a maximum sentence of 20 years in prison on one count of wire fraud.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Idin Dalpour has been charged with wire fraud in connection with an alleged multi-year Ponzi scheme that defrauded investors of $43 million or more, according to an unsealed indictment from the United States Attorney&#8217;s Office for the Southern District of New York. Dalpour was arrested yesterday morning and is scheduled to appear in Manhattan federal<\/p>\n","protected":false},"author":1,"featured_media":19434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[5818,5817,2720,1532,5816],"class_list":["post-19433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-crypto-ponzi","tag-crypto-ponzi-scheme","tag-investors","tag-ponzi","tag-sdny"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>$43 Million Crypto Ponzi Scheme: Idin Dalpour Arrested in US - Coin Engineer<\/title>\n<meta name=\"description\" content=\"The Manhattan man allegedly spent $1.7 million of investors&#039; money on gambling debts, $400,000 on Art Direct, and his kids&#039; private school tuition.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/43-million-crypto-ponzi-scheme-idin-dalpour-arrested-in-us\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$43 Million Crypto Ponzi Scheme: Idin Dalpour Arrested in US - 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