The men are accused of buying luxury cars after getting people to buy into fraudulent crypto mining.
Police in Estonia have arrested two men suspected of running a $575m cryptocurrency scam involving hundreds of thousands of victims.
The two 37-year-olds allegedly got people to invest in a cryptocurrency mining service called HashFlare and a fake virtual bank called Polybius.says the pair are accused of wire fraud and conspiracy to commit money laundering - crimes punishable by up to 20 years in prison. Crypto mining uses computers to generate virtual coins for profit - a process that consumes significant amounts of computing power.
The DoJ alleges that victims were also promised dividends if they invested in Polybius, a virtual bank Mr Potapenko and Mr Turogin said they had set up.They used shell companies to launder criminal proceeds, buying at least 75 properties and luxury cars, DoJ says.
Danmark Seneste Nyt, Danmark Overskrifter
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