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DOJ Charges Texas Man for Orchestrating $10 Million Meta-1 Coin Scam
![DOJ Charges Texas Man for Orchestrating $10 Million Meta-1 Coin Scam](https://dailybusinessinvestor.com/wp-content/uploads/2024/03/1711031957-1711031540761_processed-QfWWFu-800x457-2.jpg)
The Department of Justice (DOJ) has brought charges against a Texas man for spearheading a fraudulent digital coin scheme that swindled investors out of about $10 million. Allegedly, the suspect led a team that tricked people into buying shares in a purported digital coin known as Meta-1 Coin. The digital tokens were alleged to be backed by art or gold assets, a claim that, according to the DOJ indictment, proved to be false.
The indictment further alleges that the representatives of