In brief
- A Tennessee man was indicted on 11 federal counts for running an alleged crypto Ponzi scheme through his firm Star Credit Holdings from 2020–2024.
- He allegedly lured investors with false promises of guaranteed returns, paid old investors with new investor funds, and diverted over $1.9 million to himself and family.
- Charges include wire fraud, money laundering, and filing false tax returns; he faces potentially decades in federal prison if convicted.
A Tennessee man has been indicted on federal charges stemming from an alleged cryptocurrency investment fraud that bilked investors across the country out of millions of dollars, the Justice Department announced Friday.
Misam M. Abidi, 47, of Nolensville, Tennessee, faces an…
