A bogus United Nations affiliate’s president has been convicted of cryptocurrency fraud.

The US Attorney’s Office has found a man guilty of defrauding cryptocurrency investors out of thousands of dollars.

Asa Saint Clair, the accused, pretended to be the president of the World Sports Alliance, a group he claimed had ties to the United Nations. He gathered funds from over 60 investors, according to the US Department of Justice, to create IGObit, a digital coin offering. Asa was put on trial for a week before being found guilty of the fraudulent behaviour.

Asa Saint Clair made false investment returns promises.

He assured the investors that the World Sports Alliance was linked to the United Nations and that their money would yield guaranteed profits. Asa, on the other hand, misused the monies after collecting them from his victims.

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