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A UK street gang involved in fraud, drug dealing, and extortion is paying people to launch OneCoin-style memecoins and “dump” on their investors in order to launder illicit profits. Expert witness and drug crime specialist Gary Carroll, who revealed the memecoin laundering scheme to The Daily Mail, claimed that “mid-level” members of one particular gang are launching memecoins and have hundreds of thousands of pounds to fund it. Neither The Daily Mail nor Carroll were willing to reveal the memecoin in question in order to protect the identity of Carroll’s sources. He did, however, say that the gang is “not a household name,” while the paper conceded that the coin in question bears a “ passing resemblance” to OneCoin , the billion-dollar crypto pyramid scheme that spawned a worldwide manhunt.  Hayden Davis still making millions from LIBRA, MELANIA memecoins Read more: Andrew Tate struggles to pump memecoin amid Florida criminal inquiry The plot is active,...

A former New York cop and alleged pedophile has described Sam Bankman-fried as the “least physically intimidating person,” in a letter pleading for the disgraced former FTX chief to be handed a light sentence. Writing to US district judge Lewis Kaplan, who is overseeing SBF’s sentencing, Carmine Simpson, who is currently incarcerated alongside Bankman-Fried, claimed, “I have had the honor to have gotten to know Sam over the past six months.” He added, “Sam is the most selfless person that I have ever had the privilege to meet,” and claims that “the world would be better with Bankman-Fried out of jail.” He then reasons that “incarceration would serve no benefit.” According to Simpson, one of the biggest “examples of Sam’s character” is that he has remained committed to his vegan diet of “ undercooked rice, a scoop of disgusting-looking beans, and week-old brown lettuce .” The letter also details how he has become a ta...