Misam M. Abidi Indicted on 11 Federal Counts Over Alleged $1.9 Million Crypto Ponzi Scheme

Misam M. Abidi faces an 11-count federal indictment over an alleged cryptocurrency Ponzi scheme involving more than $1,900,000 in investor funds. According to NS3.AI, a federal grand jury alleges Abidi diverted investor money to himself and his family. The indictment includes charges of wire fraud, money laundering, operating an unlicensed money transmitting business, and filing a false tax return.