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JPMorgan Chase Faces Class Action Over Alleged $328M Crypto Ponzi Scheme

JPMorgan Chase Faces Class Action Over Alleged $328M Crypto Ponzi Scheme

Author:

Global Cryptocurrency

Published:

2026-03-13 01:11:02

12

3

BTCCSquare news:

A federal lawsuit alleges JPMorgan Chase enabled a cryptocurrency Ponzi scheme that defrauded investors of $328 million. The complaint, filed in California, claims the bank processed suspicious transactions for Goliath Ventures without proper oversight.

Plaintiff Robby Alan Steele seeks damages for 2,000 investors lured by promises of consistent crypto trading returns. The case highlights ongoing regulatory scrutiny of banks' role in digital asset fraud.

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