DailyMail - Brother and sister are charged in $124M cryptocurrency scam after 'lying to 20,000 investors about the value of their Ormeus Coin as they spent millions on real estate and traveling around the globe to Rome, India and Singapore'

https://www.dailymail.co.uk/news/article-10591911/Two-siblings-charged-124-million-cryptocurrency-fraud-lying-investors.html

The two brothers promote Ormeus Coin through road shows, social media, and the Jumbotron in Times Square, Manhattan.

They claim that Ormeus Coin is backed by one of the largest mining operations in the world worth $250 million.

In fact, they quit mining operations in 2019 and then used photos of third-party mining facilities to promote their fake operations.

Beware of investing in cryptocurrencies that are too good to be true!!