HSI

Federal Agents Charge Two with 2 Million NFT 'Rug Pull' Money Laundering Scheme

| Importance: 8/10

HSI agents charged Devin Alan Rhoden (24, active-duty Air Force cyber analyst) and Berman Jerry Nowlin Jr. (20) with conspiracy to commit wire fraud and money laundering through NFT schemes. The defendants created two NFT collections (‘UndeadApes’ and ‘Undead Lady Apes’) on …

Devin Alan Rhoden Berman Jerry Nowlin Jr. HSI DHS U.S. Attorney's Office for the Middle District of Florida nft money-laundering fraud blockchain federal-prosecution +3 more
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Federal Agents Charge Two with $400,000 NFT 'Rug Pull' Money Laundering Scheme

| Importance: 8/10

Homeland Security Investigations (HSI) Tampa led a multi-agency investigation charging Devin Alan Rhoden, a senior military cyber analyst, and Berman Jerry Nowlin Jr., an NFT developer, with conspiracy to commit wire fraud and money laundering. The defendants created three NFT collections …

Devin Alan Rhoden Berman Jerry Nowlin Jr. HSI DHS U.S. Air Force Office of Special Investigations +2 more nft money-laundering fraud blockchain federal-prosecution +3 more
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FBI Arrests Three in "Trust Social" Investigation for DWAC Insider Trading

| Importance: 9/10

FBI and HSI agents arrested Michael Shvartsman, Gerald Shvartsman, and Bruce Garelick on June 29, 2023, for an insider trading scheme related to Digital World Acquisition Corp (DWAC), which was set to merge with Trump Media & Technology Group. The defendants allegedly made over $22 million in …

Michael Shvartsman Gerald Shvartsman Bruce Garelick FBI HSI +3 more dwac insider-trading fbi-arrests trust-social-investigation truth-social +2 more
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