Newport Beach Lawyer Indicted in Alleged Cryptocurrency Ponzi Scheme

A Newport Beach, California, attorney whose firm handles personal injury and workers' compensation cases has been charged with money laundering and fraud in a $20 million Ponzi scheme, federal prosecutors said. Scott D. Hughes and four others were indicted by a Manhattan grand jury in connection with an alleged scheme involving cryptocurrency, the U.S. Attorney for the Southern District of New York announced this week. The defendants marketed memberships in AirBit Club, a cryptocurrency mining and trading firm. But the conspirators did not engage in any actual Bitcoin mining or trading, ...