Los Angeles entrepreneur behind ‘BitClout’ arrested, accused of diverting investor funds to himself
A Los Angeles entrepreneur who sought to merge the bitcoin culture with social media by letting people bet on the future reputation of celebrities and influencers has been arrested on a fraud charge.
Nader Al-Naji, 32, was arrested in Los Angeles on Saturday on a wire fraud charge filed against him in New York, and civil claims were brought against him by federal regulatory authorities on Tuesday.
He appeared in federal court on Monday in Los Angeles and was released on bail.
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