Nick Petroulias, Hussein Faraj investigated over fraud allegations
In the phone message, Faraj also boasts that he has “buried” jailed US cryptocurrency mogul Sam Bankman-Fried and that he plans to do the same with his disgruntled investors.
“I was the reason why that whole crime that was in America got taken down,” Faraj told this masthead about the downfall of Bankman-Fried.
In early 2023, Faraj told NuCoin investors they had been defrauded by Bankman-Fried’s US crypto trading firm, Alameda Research. Faraj said he had personally uncovered Bankman-Fried’s fraud and that he had rejected a $US40 million bribe not to expose the “crypto counterfeiting racket”.
Described as the “Bernie Madoff of crypto”, Bankman-Fried was sentenced in 2024 to 25 years in jail. He was also ordered to…
