Florida Man Linked to $200M Crypto Fraud Flees to Russia, Claims FSB Extortion - PRESS AI WORLD
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Florida Man Linked to $200M Crypto Fraud Flees to Russia, Claims FSB Extortion

share-iconWednesday, January 08 comment-icon2 weeks ago 6 views
News sources:
newsweekNEWSWEEK
Florida Man Linked to $200M Crypto Fraud Flees to Russia, Claims FSB Extortion

Credited from: NEWSWEEK

  • A Florida man, **Kyle Nagy**, is wanted in a **$200 million fraud case** linked to his cryptocurrency firm **SafeMoon LLC**.
  • Nagy fled to **Russia** after being charged in **November 2023** by the **Securities and Exchange Commission** for fraud through the sale of the crypto asset.
  • Reports indicate he was allegedly scammed by individuals claiming to be agents of the **Russian Federal Security Service (FSB)**, demanding around **$4.5 million** for a safe stay in Russia.
  • The SEC charged Nagy and other top executives for misappropriating investor funds worth over **$200 million** for personal gain.
  • The **U.S. Department of Justice** announced that Nagy **remains at large** as investigations continue into cryptocurrency fraud activities.

For more details, visit the original article [here](https://www.newsweek.com/safemoon-florida-man-crypto-fraud-russia-fsb-2010979).

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Crypto fraud Safe moon Kyle nagy Fbi Russia Fsb Securities exchange commission
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