Article11 months ago

Former New Jersey Corrections Officer Charged in Cryptocurrency Scam Targeting First Responders

Former New Jersey Corrections Officer Charged in Cryptocurrency Scam Targeting First Responders
Summary
  • John A. DeSalvo charged for involvement in cryptocurrency scam targeting police officers and first responders.
  • DeSalvo raised over $623,000 by selling unregistered Blazar tokens, falsely claiming SEC approval.
  • Investors faced substantial losses as token's value collapsed and DeSalvo misused funds for personal expenses.

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