A federal indictment accuses Misam M. Abidi of running an alleged crypto Ponzi scheme through Star Credit Holdings from 2020–2024 and diverting more than $1.9 million to himself and family.

According to NS3.AI, Abidi faces 11 counts tied to the alleged scheme.

The charges include wire fraud, money laundering, operating an unlicensed money transmitting business, and filing false tax returns.