Kishu Inu founder Alexander Sisemore has been charged with three counts of wire fraud in a case tied to an alleged $9 million rug pull, according to charging information released by the U.S. Department of Justice on Oct. 7. Prosecutors said Sisemore and others secretly allocated tokens to themselves when the Kishu Inu project launched, then sold those holdings while making false statements to investors and attempting to support liquidity and push up the token’s price. Prosecutors alleged that Sisemore personally made about $9 million through the scheme. He faces three wire fraud counts, and each count carries a maximum sentence of 20 years in prison. The FBI’s Chicago office is seeking Kishu Inu investors and related tips connected to the case. The allegations remain accusations by prosecutors at this stage. An indictment or criminal charge does not amount to a conviction, and Sisemore is presumed innocent unless proven guilty.
Kishu Inu founder Alexander Sisemore is facing three wire fraud charges in connection with an alleged $9 million rug pull, according to information released by the U.S. Department of Justice on Oct. 7.
Prosecutors say tokens were secretly allocated and sold
Prosecutors alleged that Sisemore and other participants secretly allocated tokens to themselves when the Kishu Inu project launched. They then sold those tokens while making false statements to investors and trying to maintain the project’s liquidity and push up the token’s price.
According to prosecutors, Sisemore personally received about $9 million through the scheme.
FBI Chicago is seeking investors and related tips
Sisemore has been charged with three counts of wire fraud. Each count carries a maximum sentence of 20 years in prison. The FBI’s Chicago office is looking for Kishu Inu investors and information tied to the case.
At this stage, those claims are allegations by prosecutors. The filing does not amount to a conviction, and Sisemore is presumed innocent unless proven guilty.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
