Cryptocurrencies
Hedge-Fund Felon Hid Criminal Past to Woo Crypto Investors, U.S. Charges
- Boaz Manor charged in New Jersey after guilty plea in Canada
- Prosecutors say he defrauded investors of $30 million
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A Toronto man who served time in prison after his hedge fund collapsed later concealed his identity and criminal past to defraud investors of $30 million through an initial coin offering of digital tokens, U.S. prosecutors said.
Boaz Manor, 46, told investors that his company, CG Blockchain Inc., offered a product that would let hedge funds record transactions on a blockchain, prosecutors said Friday. But Manor falsely claimed that 20 hedge funds were paying a $1 million yearly fee to use the product, and he used aliases and changed his appearance to conceal his past, prosecutors said.