He described Kryp+0 K!ng as a “literal genius” with “one of the highest IQs in the space.”. In the complaint, he is charged with carrying out a Ponzi “cryptocurrency” scheme that defrauded over 100 victims of at least $7.5 million. BBVA USA today announced that it is collaborating with Google to offer consumers a digital bank account through Google Pay, […], The American advocacy group that promoting digital assets, Chamber of Digital Commerce announced the launch of an educational initiative dubbed ‘Crypto For Congress’ in a bid to provide all Members of Congress, regardless of party, a “hands-on […], CEX.IO, a cryptocurrency exchange based in the United Kingdom, has received approval from the CySEC to operate as a market-making Cyprus investment firm, Finance Magnates has learned. The defendant sought to reopen this detention hearing on two new grounds: 1) the spread of COVID-19 presents a threat to Caruso because he is incarcerated, and (2) his friend, Mr. Price has agreed to increase the amount of secured bond from $140,000 to $300,000. The United States Secret Service arrested John Michael Caruso, 28, of Scottsdale, Arizona, and Zachary Salter, 27, of Paradise Valley, Arizona, on January 30, 2020, for allegedly conspiring to commit wire fraud and for money laundering, according to FINANCEFEEDS. She expressly did not consider extraneous information beyond the Section 3142(f) criteria. Salter played a role in managing the career of Laci Kay Somers, according to an interview with Arizona Foothills Magazine. Kevin Amant – +1 (314) 803-8727 The Indictment enlists a raft of misrepresentations made by the duo behind Zima Digital Assets, including false statements in the contracts with the investors, as well as false claims in direct messages to investors. He’s outfitted with the gaudy brands — Louis luggage, Gucci belt — but they seem baggy on him, obligatory somehow. It is not clear how Caruso met Salter. The Court of Appeals for the Ninth Circuit has nixed an attempt by the so-called “crypto king” to secure temporary release. ), “Meet talanted [sic] Skylar Domine a Marine Cop, Blockchain expert and Manager of top musician Zach Salter,” reads the grammatically challenged headline of a January 2020 story in a web publication called Fab World Today. Najarian tells New Times he did not promote Caruso. Is your brokerage safe from the hackers? The Adult Probation Department of Maricopa County seems to agree. “Principals at ZDA have had a pulse on the digital asset markets since 2011 being early bitcoin investors,” Salter had told Forbes. The “basics,” of the fund, as Boles laid them out, involved a minimum $25,000 investment and an 18 percent guaranteed annual return. On YouTube, the lush, professionally shot videos for his white-boy slow jams have hundreds of thousands of views. As the investors signed up and Zima Digital Assets’ bank accounts grew, so did Salter’s singing career — or, at least, that’s how it looked from a certain angle. Caruso was also convicted of two counts of felony Theft–Obtain by Misrepresentation, in Scottsdale, Arizona, for which he ultimately received seven years’ probation. “It was mostly text messages with John. Caruso, the mother said, is “unconscionable, sinister, a pathetic excuse for a man.” She added: “The entire family is dangerous due to their ties to the Mexican Mafia.”. “There’s not a hell of a lot I can tell you beyond that.” (Jimmie Pursell, the attorney Salter has retained for the civil suit, declined to comment.). XRP has failed to hold $0.30 and it’s now trading at around $0.27. Caruso, who is also known as “crypto king” or “Kryp+0 K!ng” entered plea of not guilty to all pending counts. In 2018, John Michael Caruso paid Wilson a visit at one of his shops. Zach Salter, 27, of Paradise Valley, and John Michael Caruso, 28, of Scottsdale, face charges in federal court in Arizona after they allegedly defrauded more than 100 people out of … John Caruso, founder of Zima Digital Assets. Defendant was released from prison in November, 2017, just months before he is alleged to have committed the present offense. Wilson became acquainted with others involved in Caruso’s cryptocurrency startup, including Caruso’s partner, Zach Salter. Since Caruso was detained, he has been indicted on 17 felony counts of conspiracy, wire fraud and money laundering. According to an Order signed by Magistrate Judge Michelle H Burns of the Arizona District Court on April 8, 2020, the defendant’s Emergency Motion to Re-open Detention Hearing is denied. Life as a gangster’s son “afforded Johnny anything he wanted and included taking older women on dates to the Scottsdale Princess and being around people primarily older than him and in lavish circles,” according to the mitigation report.
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