Home
News
- On January 30, 2020, John Michael Caruso, 28, of Scottsdale, Arizona, and Zachary Salter, 27, of Paradise Valley, Arizona were charged by criminal accusation with wire fraud and money laundering conspiracy and got arrested.
- The founders earned more than $9 million from the victims, but the funds were not utilized for buying of cryptocurrency or other “blockchain-based assets.”
Soon after the “crypto king” John Michael Caruso appealed for not guilty, one more operator of the fraudulent cryptocurrency scheme Zima Digital Assets co-founder Zachary Salter has submitted the same petition.
Last Wednesday, a prosecution was held at the Arizona District Court against the co-founder of Zima Digital Assets Zachary Salter. For which Salter filed a plea of not guilty for all the pending count. The date commencing for Jury Trial is July 7, 2020.
On January 30, 2020, John Michael Caruso, 28, of Scottsdale, Arizona, and Zachary Salter, 27, of Paradise Valley, Arizona were charged by criminal accusation with wire fraud and money laundering conspiracy and got arrested.
The charges found in this case alleged that Zima Digital Assets was operated by Caruso and Salter. Zima is a notified cryptocurrency fund with is a bogus fund.
The founders earned more than $9 million from the victims, but the funds were not utilized for buying of cryptocurrency or other “blockchain-based assets”. Instead, Caruso and Salter revert a $2 million deposit to their primary investors as claimed it as their investment profits.
The rest $7 million they have spent on uncustomary stuff, such as vacations, private jets, and casino gambling.
Looking at the website of Zima Digital Assets which says the firm functions on various private funds. It also aims at investment in ultra-modern technologies including crypto and other blockchain-based assets.
The summons solicits several misrepresentations formed by Caruso and Salter adding false claims committed in direct messages to the investors and moldy statements in the contracts.
If someone is invested in the scheme of Zima Digital Assets are requested to communicate Special Agent Roper at the U.S. Secret Service, Phoenix Field Office, via telephone at (602) 640-5580.
