CluCoin Founder Pleads Guilty to Stealing $1.1M of Investor Funds for Online Gambling
The founder of Miami-based crypto project CluCoin has pleaded guilty to stealing over $1 million from investors and spending the money at online casinos.
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The founder of Miami-based crypto project CluCoin has pleaded guilty to stealing over $1 million from investors and spending the money at online casinos.
Michelle Bond, who once ran a Washington-based crypto advocacy group and had served as a U.S. Securities and Exchange Commission lawyer, was indicted in federal court for taking illegal campaign contributions during her 2022 run for Congress, and court documents detail how a river of cash came through her former FTX executive boyfriend.
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Worldcoin is currently collecting data of individuals with its Orb device in 25 locations of the Latin American country.
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The firm said it invested in cryptocurrency and forex, and reportedly collapsed in 2022.
Separately Managed Accounts, or SMAs, offer significant advantages over ETFs for institutional investors who want to invest in crypto via actively managed accounts.
Eleven assets in the CoinDesk 20 gained, with LINK joining RNDR as the strongest performer.
Bitcoin remains nearly 20% below its all-time high, while U.S. stocks and gold are at or within close shouting distance of record levels.
The memecoin generator launched in mid-August and has crossed $1 million in revenues in its first nine days – a large amount considering Tron’s low fees.