RATE Group | Two Arizona men charged in running a massive cryptocurrency Ponzi scheme
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Two Arizona men charged in running a massive cryptocurrency Ponzi scheme

Two Arizona men charged in running a massive cryptocurrency Ponzi scheme

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Two Arizona men are accused of running a massive Ponzi scheme according to documents filed in federal court.

Their victims include a number of former major league baseball players.

From a look at their social media, John Caruso and Zach Salter had it all.

Traveling to exotic locations, driving luxury cars, posing in private jets.

The two twenty somethings were living the life of premier money managers in the trendy world of crypto currency.

The founding members of a company called Zima Digital Assets.

But behind it all was a world of lies.

According to documents filed in federal court, Caruso and Salter bilked investors out of more than $7.5 million.

Both are said to have sold their victims on a life of wealth and financial independence.

The way there, trading in crypto currency.

Only one problem, court documents say of the millions they took from victims, not one dollar ended up being invested.

Instead the two men are accused of living the high life with it.

Spending at least…

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