Las Vegas resident charged in $45M metaverse scam with false trillion-dollar promises.
Bryan Lee, a Las Vegas resident, has been charged with conspiracy, mail fraud, wire fraud, and criminal monetary transactions for his involvement in an alleged investment fraud scheme called CoinDeal. Lee and his co-conspirators defrauded 10,000 investors out of more than $45 million by touting a fake metaverse project with its own crypto token that would one day be sold for trillions of dollars. The alleged fraudsters spent lavishly on luxury cars and real estate, while falsely advertising the names of two billionaires as being part of the potential buying group. Neil Chandran, who "held himself out as the owner" of the conglomerate, and Michael Glaspie, a Florida man who helped collect investor funds, were also charged in the scheme.