Crypto scam: Men from Beverly Hills, Thousand Oaks accused of bilking investors out of $22 million

A Beverly Hills resident and a Thouand Oaks man were charged in an indictment unsealed Friday with bilking investors out of more than $22 million in cryptocurrency through various online scams.

Gabriel Hay, 23, of Beverly Hills, and Gavin Mayo, 23, of Thousand Oaks, were each charged with a single count of conspiracy to commit wire fraud, two counts of wire fraud and one count of stalking, according to the U.S. Attorney’s Office.

Prosecutors said the pair engaged in a series of “rugpulls,” in which the creator of an NFT ...