Crypto Ponzi Scheme in South Dakota | Bitcoin and Crypto News

Federal prosecutors in South Dakota have indicted 43-year-old Benjamin Paul Wiener on 29 counts, including wire fraud, money laundering, bank fraud, and aggravated identity theft, alleging he orchestrated a $20 million crypto Ponzi scheme that defrauded investors across multiple states. Wiener allegedly promised huge returns to lure in money, then used new investors’ funds to pay earlier ones—classic Ponzi tactics with a crypto twist. Victims in South Dakota, Minnesota, and surrounding areas are now facing devastating losses. Wiener could face up to 30 years in prison and massive fines. The DOJ is aggressively pursuing digital asset fraud cases, warning the crypto world that big gains come with serious risks—and sometimes, it’s not luck, it’s outright fraud. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4efec434cb5b04e6