The US federal grand jury has indicted Benjamin Paul Wiener, a 43 year old cryptocurrency investor from Sioux Falls, South Dakota, on 29 charges including telecom fraud, money laundering, bank fraud, and serious identity theft, totaling approximately $20 million. Benjamin Paul Wiener, through his control of eight physical companies, induced investors to invest funds and cryptocurrency assets through false statements, and used banks and cryptocurrency exchanges to transfer funds for personal consumption, using new funds to repay old investors and carry out Ponzi schemes. In addition, Benjamin Paul Wiener fraudulently obtained a $1 million credit line from a bank in April 2025 by forging documents and stealing identity information. Benjamin Paul Wiener has pleaded not guilty to the charges and the case will be heard on September 15th.
