Wednesday, 06 July 2022 14:56

Vegas Crypto Scam Artist Collected 39 Teslas at Expense of Others

Written by Steven Loveday, InsideEVs


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A Las Vegas, NV, man was charged for running a major crypto scam for several years. He reportedly acquired $45 million, 39 new Tesla vehicles and many other items in the process.

According to a report published by Teslarati, the crypto scam artist scammed more than 10,000 people over four years, beginning in June 2018. He told investors via email that a small investment of less than $100,000 would eventually bring $2 trillion, though it was all fabricated to rip off people.


On June 29, the crypto scammer, Neil Suresh Chandran, was indicted by a federal grand jury. He had encouraged people to send him money to invest. In order to convince them they should send the funds, he explained one of his five businesses was in the process of being acquired by rich investors, which would generate massive returns. He claimed to own businesses related to cryptocurrency and virtual reality.


Both Elon Musk, CEO of Tesla, and Jeff Bezos, executive chairman and founder of Amazon, are indirectly mentioned in the official documents surrounding the case. However, to be very clear, it's noted neither billionaire played any part in the scam.


Chandran made apparent claims about Musk, who is referred to as the “founder and CEO of an electric car company" and "Billionaire 2" in the documents. The indictment refers to Bezos as “Billionaire 1” and the “founder and executive chairman of a large online retailing company.”


When Chandran was arrested in Los Angeles, CA, it was learned he had five homes spread between California and Nevada, stolen money, an expensive Swiss diamond watch, a Ferrari, a Rolls-Royce, a boat, three RVs, two pickup trucks, several other vehicles and...

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