Utah's Division of Securities issued an emergency cease-and-desist on June 1 against BG Wealth Sharing, a crypto pyramid that promised 60% monthly returns and ran on an AI-generated founder. The machine collapsed the same week. The fees to "release" the money kept coming.
Chanise Coyne of New Boston, Michigan pleaded guilty on May 19 to wiring a family out of $4.6 million in fake modeling fees. Federal prosecutors say the money funded her gambling, not her client's daughter.
By Elena Ruiz · May 20
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