Le Anh Traun, the founder of the Baller Apes Club, is facing charges for an alleged rugpull scam. The US Department of Justice (DOJ) on Friday, July 1, announced criminal charges against Traun and five others involved in crypto scam cases. If convicted, the Baller Apes Club founder could face up to 40 years in prison. Here’s all you need to know about the alleged Baller Apes Club.
What happened with the Baller Apes Club founder?
According to a statement from the Department of Justice, the Baller Apes Club founder has been charged with “one count of conspiracy to commit wire fraud and one count of conspiracy to commit international money laundering”.
This comes after Traun allegedly collected $2.6 million from the Baller Apes Club collectors, only to delete the project’s website. Later, he converted all the funds into different cryptocurrencies, before moving them across multiple…