๐จ๐๏ธ JP MORGAN UNDER ACCUSATION FOR AN ALLEGED CRYPTO PONZI SCHEME WORTH 328 MILLION DOLLARS ๐๏ธ๐จ
A new class action lawsuit filed in a federal court in the United States accuses JP Morgan Chase, the largest American bank, of indirectly facilitating a Ponzi scheme linked to the world of cryptocurrencies worth approximately 328 million dollars.
According to court documents, the company Goliath Ventures allegedly raised funds from about 2,000 investors between 2023 and early 2026. Investors were promised stable monthly returns derived from alleged crypto trading strategies and participation in liquidity pools.
However, investigators claim that the operation actually functioned like a classic Ponzi scheme, where the funds of new investors were used to pay the returns of the initial participants.
The central element of the lawsuit concerns the role of the bank.
Investigators state that over 250 million dollars would have passed through a JP Morgan business account controlled by the company.
From there, large sums would have been transferred to wallets on Coinbase and other crypto platforms.
According to the plaintiffs, the bank should have identified warning signs related to suspicious movements and blocked the transactions much earlier.
Prosecutors also assert that only a small portion of the funds was actually used for trading activities, while the rest was spent on luxury real estate, travel, events, and payments necessary to keep the scheme alive.
The case now raises broader questions about the oversight system of large banks and their ability to detect large-scale frauds involving the crypto sector.
#breakingnews #JPMorgan #usa #ponzischeme
A new class action lawsuit filed in a federal court in the United States accuses JP Morgan Chase, the largest American bank, of indirectly facilitating a Ponzi scheme linked to the world of cryptocurrencies worth approximately 328 million dollars.
According to court documents, the company Goliath Ventures allegedly raised funds from about 2,000 investors between 2023 and early 2026. Investors were promised stable monthly returns derived from alleged crypto trading strategies and participation in liquidity pools.
However, investigators claim that the operation actually functioned like a classic Ponzi scheme, where the funds of new investors were used to pay the returns of the initial participants.
The central element of the lawsuit concerns the role of the bank.
Investigators state that over 250 million dollars would have passed through a JP Morgan business account controlled by the company.
From there, large sums would have been transferred to wallets on Coinbase and other crypto platforms.
According to the plaintiffs, the bank should have identified warning signs related to suspicious movements and blocked the transactions much earlier.
Prosecutors also assert that only a small portion of the funds was actually used for trading activities, while the rest was spent on luxury real estate, travel, events, and payments necessary to keep the scheme alive.
The case now raises broader questions about the oversight system of large banks and their ability to detect large-scale frauds involving the crypto sector.
#breakingnews #JPMorgan #usa #ponzischeme