Norway’s Biggest Crypto Fraud: Four Men Face Charges in $80 Million Scheme

Four men have been charged with orchestrating a massive cryptocurrency investment fraud that defrauded thousands of investors out of over 900 million kroner ($80 million). Norwegian authorities allege this Ponzi scheme lured victims into believing they were participating in profitable ventures related to gas, mining, and real estate before funneling the funds through layers of offshore companies in Asia, making it nearly impossible to track down.