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DOJ Indictment Shadows Kevin Spacey Film – Co-Writer Charged in $340M Crypto Ponzi

Kevin Spacey’s comeback movie after dealing with sexual misconduct allegations was reportedly written by and stars a person indicted by the U.S. Department of Justice (DOJ) for his connection to a crypto Ponzi scheme, Variety experiences.

New Kevin Spacey Film Makes Headlines for Crypto Ties

Vladimir Okhotnikov, who co-wrote and stars in “Holiguards Saga — The Portal of Force,” was charged with wire fraud in 2023 for his alleged function in a world crypto scheme that noticed $340 million fleeced from victims.

U.S. officers stated Okhotnikov, higher often known as Lado, and 4 different Russian nationals who co-founded the DeFi funding platform Forsage might resist 20 years in jail on the cost.

“These people are alleged to have used stylish know-how and opaque language to swindle traders out of their hard-earned money,” Special Agent in Charge Ivan J. Arvelo of Homeland Security Investigations (HSI) New York stated in a press release on the time. “But, because the indictment alleges, all they had been doing was operating a basic Ponzi scheme.”

Man Accused of Crypto Ponzi Scheme Dismisses Allegations

In 2022, Okhotnikov was one of 11 people charged by the U.S. Securities and Exchange Commission (SEC) for working the digital asset fraud “in which traders earned earnings by recruiting others into the scheme.”

According to Variety, the founder-turned-filmmaker tried to have the SEC’s case against him dismissed later that 12 months.

Okhotnikov has denied all allegations, telling the entertainment news outlet that “no additional motion” had been taken by officers since then and that the publication of the indictment and subsequent deceptive headlines had precipitated “hurt” that “went past status.”

On August 30, Spacey made an look on the Venice Film Festival to debut the trailer for “Holiguards Saga — The Portal of Force.”

A handful of high-profile actors are additionally set to look in the movie, together with Tyrese Gibson, Dolph Lundgren and Eric Roberts.

The submit DOJ Indictment Shadows Kevin Spacey Film – Co-Writer Charged in $340M Crypto Ponzi appeared first on Cryptonews.

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