RATE Group | Former major leaguers victims of a cryptocurrency Ponzi scheme – HardballTalk
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Former major leaguers victims of a cryptocurrency Ponzi scheme – HardballTalk

05 Feb Former major leaguers victims of a cryptocurrency Ponzi scheme – HardballTalk

Posted at 22:51h in Cryptocurrency News by

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Justin Rohrlich of Quartz reports that two people have been arrested and are accused of defrauding more than 100 investors in a cryptocurrency Ponzi scheme. Apparently multiple former major league ballplayers — unnamed thus far — were victims:

The US Secret Service arrested John Michael Caruso on Jan. 30. Caruso is the founder of Zima Digital Assets, a blockchain and cryptocurrency investment firm, and has dubbed himself the “Michael Jordan of algorithmic cryptocurrency trading.” Authorities arrested Zachary Salter, an aspiring R&B singer who co-founded Zima with Caruso, the same day.

I’m guessing they went with the “Michael Jordan of algorithmic cryptocurrency trading” and called the company “Zima” because they were targeting retired, Gen-X era ballplayers. If they were going after current ballplayers I presume they’d bill themselves as the “LeBron James of cryptocurrency trading” and call the company “White Claw.”  It’s all about…

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