By CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

“The defendants ran a scam to drive up the price of digital artwork through false promises about developing a videogame,” U.S. Attorney Damian Williams said in a statement. “They allegedly took investor funds, never developed the game, and pocketed the proceeds. Digital art may be new, but old rules still apply: making false promises for money is illegal.”

Source: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data