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Texas businessman Khalid Pareja and his consulting firm Fair Invest offered their clients to invest in a product called Wealth Building Account, promising dividends of up to 4%, as well as work according to “Islamic laws.”

However, after the businessman collected about $18.5 million, he decided to steal the investors’ money by investing everything in crypto.

source : https://www.sec.gov/enforcement-litigati...33-11329-s