Americas > US court orders Oregon investor to pay over $120 mln for fraud, Ponzi scheme involving carbon offsets

US court orders Oregon investor to pay over $120 mln for fraud, Ponzi scheme involving carbon offsets

Published 02:10 on July 4, 2024  /  Last updated at 02:10 on July 4, 2024  /  Americas, Bavardage, US, Voluntary

An Oregon-based investor and his associated firms have been ordered by a US judge to pay over $120 million in restitution and disgorgement for operating a Ponzi scheme and committing fraud related to digital asset investments and a carbon offset programme, a federal court ruled on Wednesday.
An Oregon-based investor and his associated firms have been ordered by a US judge to pay over $120 million in restitution and disgorgement for operating a Ponzi scheme and committing fraud related to digital asset investments and a carbon offset programme, a federal court ruled on Wednesday.


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