Las Vegas Man Charged in $45M CoinDeal Investment Fraud Scheme with Over 10,000 Victims

Bryan Lee, a Las Vegas resident, has been charged for his alleged involvement in CoinDeal, an investment fraud scheme that defrauded over 10,000 victims of more than $45 million. Lee allegedly conspired with Neil Chandran and others to defraud investors in companies that Chandran controlled, which were supposedly developing virtual-world technologies, including their own cryptocurrency, for use in a metaverse. Lee and Chandran allegedly misappropriated millions of dollars of investor funds and spent it on luxury cars and real estate. Lee faces up to 20 years in prison for each of the wire fraud, mail fraud, and conspiracy counts, and up to 10 years in prison for each count of engaging in unlawful monetary transactions.