The American authorities have revealed the arrest of Estonia police, two men accused of a coded currency, at a value of $ 575 million.
A US partial court at Seattle charged a list of Sergey Potabenko and Ivan Torogin for forgery and conspiracy to commit money laundering operations, according to Russia today.
The indictment clarified that the two accused worked with four other conspirators whose names were not revealed in Estonia, Belarus and Switzerland.
Prosecutors stated that the suspects deceived hundreds of thousands of people between 2015 and 2019 to buy contracts for the service of mining cryptocurrencies called Hash Flair and investing in a virtual currency bank called Bollevius.
The prosecution emphasized that the companies were really working as a pyramid market, which means a pyramid fraud project, which is an unstable business model aimed at collecting money from the largest number of subscribers, while the largest beneficiary is the one who is on top of the pyramid.
The two face other accusations by using fake companies to wash fraud returns and buy luxury real estate and cars.
The US Department of Justice said that Monday is being held in Estonia, awaiting their delivery to the United States.
“The two defendants have benefited from the coding of the cryptocurrency and the mystery surrounding the mining of cryptocurrencies to commit a massive Bonzi scheme,” Nick Brown, the Public Prosecutor in Seattle, said in a press statement.
Brown added that the American and Estonian authorities are working to confiscate the property and bank accounts of the accused, and that the authorities made it clear that some of the victims were in Washington State, while the court records in Seattle did not clarify whether or not both the defendants had to defend them..
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