Officials with the Commodity Futures Trading Commission (CFTC) allege Sam Ikkurty (also known as Sreenivas I Rao), of Portland, Ore., and Ravishankar Avadhanam of Aurora, Ill., as well as several corporate entities controlled by the defendants, worked together to convince their victims to invest in a “so-called income fund invested in digital assets.”
Source: https://www.coindesk.com/policy/2022/05/19/cftc-charges-2-men-with-running-a-44m-crypto-ponzi-scheme/?utm_medium=referral&utm_source=rss&utm_campaign=headlines