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Daniel Ianello, a man accused of a deteriorating fraud concerning a crypto of a project known as Phoenix, filed a petition to dismiss the court proceedings that he had brought against him at the Federal Court in Tennessee.
According to complaintIanello took over Phoenix Community Capital in October 2022 and reportedly made Scam.
After taking inspection over the assets of Phoenix (Fire), he allegedly concluded his intelligent contracts. The petitioners say he “moved hundreds of thousands of dollars in investor money, began to delete contributions to Discord […] Deleted earlier versions of Phoenix website and notification that “intelligent contracts” will not be restored. ”
In his proposal for the release of Ianello, he claimed to be a resident of Michigan without contact with Tennessee. He states: “This court has no personal jurisdiction over Mr. Ianell. Mr. Ianello has Michigan living in the state.”
Ianello also claimed that he had never sold any securities because he joined the company to obtain its assets after any alleged sale. He claimed that he had made any statements about the investment offered and were throwing him with Phoenix and his founders.
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The project has made bold promises
According to On his website CoinMarketcap, Phoenix has used the “Grand Capital Fund of Community Assets” to access investment opportunities that are not available on the retail market. Revenues from these investments have been promised to be divided between token fraud through the issue of profit.
Phoenix also promised an internal incubation program that made it possible to finance, create and manage new projects. This would, in turn, lead the community to a “high percentage of profit sharing”.
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Crypto frauds are a hot topic
Fraud remains a permanent problem in the crypto space. Tuesday’s message from the security company Blockchain Certik claims that the loss of crypto hacks, exploitation and fraud In the first half of 2025 it increased to $ 2.47 billion.
As Cointlegraph reported on Fridayself -proclaimed sacrifice of the crypto of romantic fraud recently sued Citibank For the missing red flags, the second court focused on two other banks.
A man in the middle of the crypto scheme Ponzi spend nearly eight years behind bars after a federal judge issued a 97 -month sentence of imprisonment In Brooklyn in New York at the end of June.
Magazine: Fake JD Stablecoins, fraudsters are submitted to Solana Devs: Asia Express
