PORTLAND Ore. (KPTV) – A Sacramento County, California, man charged in a wire fraud scheme appeared in federal court Tuesday before a U.S. magistrate judge.
Daejon Labrayae Delenar Love, 35, was indicted by a federal grand jury in Portland on one count of conspiracy to commit wire fraud, U.S. Attorney Scott E. Bradford for the District of Oregon announced.
Prosecutors say Love and another person asked people to put money into high-yield investments, including an “expedited account” that promised large, fast returns. To gain trust, Love claimed to be a wealthy real estate investor or a current or former NFL player.
The indictment also alleges Love used online dating and social media profiles with false personal and financial information, built romantic relationships with victims and showed signs of wealth to persuade them to send cash or wire money. Instead of investing the money, Love…
THE HASHFLARE “CLOUD MINING” PONZI SCHEME (GLOBAL/ESTONIA)
Date: February 13, 2025 (Guilty Pleas) Perpetrators: Sergei Potapenko and Ivan Turogin
Case Description: This $577 million cryptocurrency fraud remains one of the largest digital asset scams in history, with major legal developments concluding in 2025. Potapenko and Turogin operated “Hashflare,” which they marketed as a massive cryptocurrency mining operation. Hundreds of thousands of victims worldwide purchased “mining contracts,” believing they were renting hash power to mine Bitcoin. In reality, the duo was running a sophisticated Ponzi scheme.
They created fake customer dashboards that showed “real-time” mining profits, but the money being paid out was simply the capital of newer investors. They laundered the proceeds through shell companies to purchase luxury real estate and a fleet of high-end vehicles. After a massive international investigation involving the FBI and Estonian authorities, the pair agreed to forfeit over $400 million in assets. This case underscores the “Cyber-enabled Fraud” warning issued by the FATF in early 2026: as technology evolves, the scale of fraud moves from local millions to global billions in the blink of an eye.
Link to Original: ACFE – High Profile Fraud of 2025