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Blockchain: President of UN affiliate pleads ‘now now not guilty’ to selling counterfeit cryptocurrency

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The president of the UN-headquartered World Sports Alliance has pleaded “now now not guilty” to a wire fraud fee linked to the selling of an allegedly counterfeit cryptocurrency, Law360 reviews.

Asa Saint Clair, a resident of Fresh York, is now reportedly below condo arrest in Arizona, having been launched from US federal custody on a $500,000 bond.

Prosecutors sought strict circumstances for his start, as he’d sold a one-draw imprint to Madagascar within the wake of investigator interviews. Authorities arrested Saint Clair at the airport.

Per Law360, prosecutors impart Saint Clair defrauded a minimal of three traders out of 1000’s of greenbacks with claims that World Sports Alliance became ready to abet growing countries with win entry to to water, meals, and sports actions services and products.

Blockchain: IGOBIT, the cryptocurrency for growing countries that never existed

Saint Clair’s indictment claims he’d promised traders assured returns within the occasion that they sold World Sports Alliance’s purported blockchain-powered digital token “IGOBIT.” Prosectors enjoy previously infamous that IGOBIT never existed, no matter Saint Clair having allegedly raised money for its start.

As a replace, Saint Clair is asserted to enjoy taken investor money and spent it on dinners at Long island restaurants, plane tickets, and other personal costs, as successfully as those of other World Sports Alliance workers.

The US government has referred to Worlds Sports Alliance as a “sham affiliate of the United Nations.”

“Saint Claire allegedly touted his firm as promoting the values of sports actions and peace for a more in-depth world, but defrauded all those who invested in his sham firm,” stated US particular agent-in-fee Peter Fitzhugh. “As alleged, Saint Claire used the money he earned by deceit to fund a lavish standard of living for him and his family.”

Saint Clair has on the opposite hand denied allegations he’d been scamming traders since 2017. His salubrious personnel reportedly argued that he’d fully served as World Sports Alliance president for six months, and that he “travels the arena” for his job, which supposedly explains the Angry

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