Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
P2P Loan
Grow your wealth in fiat investment
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
Stock CFD Derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
3.8%
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
tag
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
IPO
2026 World Cup
Rewards

Benjamin Paul Wiener Indicted on 29 Counts Over $20M Crypto Investor Fraud

GateNews
According to U.S. Attorney Ron Parsons, on July 10, Sioux Falls crypto investor Benjamin Paul Wiener, 43, was indicted on 29 counts of wire fraud, money laundering, bank fraud, and aggravated identity theft over an alleged $20 million scheme. Prosecutors allege Wiener made false statements to induce investors to transfer funds and digital currency, targeting dozens of victims across South Dakota and Minnesota. After collecting the funds, Wiener allegedly moved them through financial institutions and cryptocurrency exchanges to obscure their origin, then spent them on personal expenses. When investor money ran dry, Wiener recruited new investors and used fresh funds to repay earlier ones—a Ponzi scheme structure. Wiener faces up to 20 years for wire fraud and money laundering charges, 30 years for bank fraud, and a mandatory minimum two-year term for aggravated identity theft. He pleaded not guilty and is set for trial on September 15.
View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

4h ago
U.S. Authorities Arrest 21-Year-Old Over $220,000 Cryptocurrency Theft Via Video Game Malware
6h ago
South Florida Man Charged With Draining $220,000 in Crypto via Malware-Infected Games
8h ago
British Columbia Securities Commission Accuses Forex Firm of C$2.6M Fraud Over Misuse of Investor Funds
8h ago
Ian Ross McSevney Pleads Guilty to C$5.3 Million Investment Fraud in Ontario
In-Depth Analysis

Florida Man Arrested for $220K Crypto Theft via Video Game Malware

Ethan Brooks5h ago

BCSC Accuses Forex Firm of $2.6M Fraud With Rolex and Luxury Spending

Lucas Bennett7h ago

Ian Ross McSevney Pleads Guilty to C$5.3M Fraud in Ontario

Lucas Bennett8h ago
Comment
0/400
No comments