US prosecutors charged a Canadian citizen with orchestrating a scheme that fraudulently raised more than $42 million, targeting individuals on chat app
Nathan Gauvin, 26, used most of the money to pay investor withdrawals and buy luxury goods, jewelry and pay his personal credit card bills, federal prosecutors in Brooklyn, New York alleged on Wednesday.
He also gave fake information to a financial technology company to secure $800,000 in credit and used that money to pay personal expenses, including a private members-only social club in London, according to ...