25/03/2022 Two 20-year-olds charged in alleged $1.1M NFT scam

They took the virtual money and ran.

Prosecutors in New York’s Southern District Thursday charged two 20-year-olds in connection with an alleged NFT scam.

Ethan Vinh Nguyen and Andre Marcus Quiddaoen Llacuna were charged with wire fraud and conspiracy to commit money laundering for allegedly selling bogus NFTs to investors before abandoning the project, shutting down their website, and absconding with $1.1 million in digital funds.

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NFTs, or Non-Fungible Tokens, are digital assets supposedly made unique and therefore scarce through block-chain technology. In recent years NFTs have fueled aboom in sales of digital art.

“The trending market and demand for NFT investments has not only drawn the attention of real artists, but scam artists as well,” Homeland Security Investigations Special Agent In Charge Ricky Patel said in a statement.“The arrested thieves allegedly hid behind online identities where they promised investors rewards, giveaways, and exclusive opportunities before implementing their ‘rug pull’ scheme– leaving investors with empty pockets and no legitimate investment.”

Prosecutors say the pair had pulled up stakes on their so-called “Frosties” series of NFTs — deleting the website and transferring the $1.1 million across several virtual wallets — within hours of selling out the digital tokens.

"Embers" website Ethan Vinh Nguyen and Andre Marcus Quiddaoen Llacuna were charged with wire fraud and conspiracy to commit money laundering for allegedly selling bogus NFTs to investors before abandoning the project.U.S. DEPARTMENT OF JUSTICE

Nguyen and Llacuna were planning to repeat the digital fly-by-night act with a March 26 NFT drop called “Embers”, prosecutors said.

The pair face up to 20 years in prison in convicted.

Arts

https://nypost.com/2022/03/24/two-20-year-olds-charged-in-alleged-1-1m-nft-scam/

Interesting NFTs
Smile to Shreds, Neon Gwen
The First KayPikeFashion Mint Ever. Ever feel so joyful and were grinning so hard you felt you could split in half? That punk rebel yell of glee when you pull of a particularly refined stunt? This is the paint of dreams, fangs and neon. Hellish and hard to pull off. I was able to with this work quietly paint a sweet inner tale of childhood influences, rat fink and autobody shops. All while pretending to paint gwenom for the audience. More on that in bonus material. This is my alternate animation made specifically for crypto art collectors. It will only ever exist in this format. You get the Shiny, unused in media verified image. More on that in the bonus material. Mixed Media: Bio/Digital. Glycerin on 5'9" human skin 10-14 hours Performance art. Shot on Canon EOS RP. 16 + hours Photoshop and DaVinci Resolve. All Works are SFW. Art has been Seen on the front page of Reddit, Featured in the New York Times, Galileo.tv, and multiple other promotions including Twitch.tv, Disney Interactive, RIOT games, WB games, AMD and more! More on how this art is unique and potentially explosive in the NFT world: https://youtu.be/CXbNF2Y6srs ------------------------- The purchase of this NFT Grants the buyer unique bonus material. Physical Mail Bonus Package: A verified physical Art Print. Autographed from the artist in 12x16. Please allow a few weeks for delivery. Digital Bonus Package: This image in .mp4. An "About the Art" Video and an "From the Artist" introduction. A README.txt about the artwork with some personal notes and Links relevant to the artwork.
Lichtminer #4/4
Lichtenstein inspired wall art for the miners of ETH 5208, 4/4.
My Other Half | Inspired by Minecraft: The Last Minecart (2011)
Almost every year, we capture ourselves in a way that no photo or video is capable of: with a photoscan. If you dig through our archives, you'll find many of them and can see exactly how we change over time. Sam Gorski, Creator | I wanted to find the oldest scan of myself and put him side-by-side with Sam from the present. While it is hard to look at it and not miss the years past, at the same time, this gives me hope for the future by embracing and cherishing the change in my life. How would I have gotten this far without him? About This Piece | Sam on the left was captured in 2014, while Sam on the right was captured last week (2021). This work represents the personal, creative, and emotional journey in all of us, and the hope that ourselves tomorrow may be better than ourselves today.
#93975
By OthersideDeployer
Cosmic Chess
Cosmic Chess is a playable artwork that will evolve in time as the game progresses. This piece utilizes a special Layer Changer tool that lets owners move their pieces just like they would a regular chess game! To see the current state of the board you can view the tool here: https://asyncchess.herokuapp.com/1148