Breaking News: Alleged Ponzi Schemer Charged with Wire Fraud 🚨
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.
Dalpour’s Alleged Misdeeds 🕵️♂️
Dalpour was arrested and is scheduled to appear in Manhattan federal court before U.S. Magistrate Judge Barbara Moses.
- Dalpour promised investors huge returns through a Las Vegas hospitality business and a crypto trading operation.
- Prosecutors claim Dalpour operated a classic Ponzi scheme, using investors’ money to pay returns to other investors.
- Instead of investing in the promised businesses, Dalpour spent funds on personal expenses like gambling and private school tuition.
Details of the Ponzi Scheme 📉
Dalpour is accused of running the scheme from roughly 2022 through April targeting both U.S. and overseas investors.
- He allegedly diverted funds from investors and paid early investors with contributions from new investors.
- When confronted by victims, Dalpour reportedly remarked, “you can put me in jail now.”
- He faces a potential maximum sentence of 20 years in prison for wire fraud.
Closing in on the Alleged Ponzi Mastermind 🔒
Idin Dalpour is currently under investigation for a suspected Ponzi scheme that defrauded investors of over $43 million. Prosecutors claim he used investor funds to pay returns with new investor contributions, instead of investing in promised businesses. Stay tuned for updates on this developing case.
By
By
By
By
By