Exposed: How a 60-Something Con Master Pulled Off a Jaw-Dropping Ponzi Scheme While on Probation—And What It Means for Investors Everywhere

Key Takeaways

• A South Korean man ran a $60 million Ponzi scheme targeting over 2,200 investors under the guise of AI and crypto businesses.
• The scam promised 300% returns and mainly affected victims aged 50-70, many of whom were unfamiliar with crypto technologies.