Crypto

JPMorgan Sued for Allegedly Enabling $328 Million Crypto ‘Ponzi Scheme’

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In brief

  • JPMorgan Chase was sued this week for allegedly enabling a $328 million crypto “Ponzi scheme.”
  • Prosecutors say a crypto executive misused investor funds meant for liquidity pools to fund a lavish lifestyle.
  • An alleged victim of the scheme is claiming Chase Bank should never have allowed…

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