According to the complaint, at least $7.5 million was invested in the purported fraudulent scheme, taking place over 18 months. As a result of the allegations, the U.S. Secret Service arrested John Michael Caruso, the founder of Zima Digital Assets, and aspiring singer Zachary Salter, who co-founded Zima. Both live lavish lifestyles prosecutors claim are evidence they did not use the investments lawfully.
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'Kryp+0 K!ng' Charged in 'Scam' Taking Millions from Investors, ex- MLB Players
A complaint from Arizona federal court alleges the self-proclaimed “Kryp+0 K!ng” and his partners ripped off more than 100 investors, for millions of dollars. Some of the alleged victims are former MLB players, who were not named. So reports Quartz.
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