The self-claiming co-founder of Zima Digital Assets, Zachary Salter, just like his partner in crime, John Michael Caruso has pleaded not guilty in a fraud case.

He pleaded this on March 4, shortly after the “ crypto king “ John Michael Caruso followed a similar path. In Arizona District Court’s arraignment, Zachary Salter distanced himself from any illegal activity whatsoever, and the new date for Jury Trial has been set for 4/7/2020.

John Michael Caruso, the 28-year-old from Arizona, Salter, 27, belonging to the paradise valley of Arizona, on the grounds of criminal activity and conspiracy were arrested on January 30, 2020.

You may also read:<a href="https://www.cryptoknowmics.com/news/zima-digital-assets-lures-major-baseball-league-players-into-crypto-ponzi-scheme" target="_blank" rel="noopener">Zima Digital Assets Lures Major Baseball League Players Into Crypto Ponzi Scheme</a>..
<h2>Zima Owner's Facade </h2>
<img class="alignnone wp-image-161133 size-full" src="https://www.cryptoknowmics.com/crypto/wp-content/uploads/2020/03/zima-digital-assets-pleads-no-guilty-in-crypto-scam-case.jpg" alt="zima digital asset owner pleads no guilty" width="1205" />.

The charges against them stem from the fact that the two founders of Zima Digital Assets, operated the organisation as a cryptocurrency investment fund. However, underneath the masquerading of cryptocurrency, the company was functioning as a fraud fund. The two guilty parties received $9 million from their investors, which was used for everything but buying cryptocurrency.

The reason people loosened their pockets was to have a chance at possessing blockchain-based assets. John Michael Caruso and his partner in crime Zachary Salter, played the oldest trick in the book by giving away $2 million to the first few investors, adding to the credibility of Zima Digital Assets. When their self-rewards ripened, the mask fell off, and they spent lavishly on private jets, vacations and casino gambling and renting of luxury cars.

The Indictment engulfs multiple misrepresentations made by Caruso and Salter ( (that is, conspiracy to commit wire fraud and money laundering) behind Zima Digital Assets, such as a heap of lies in their investor’s contract, as well as dubious claims made to the investors. If found guilty in even one of these cases, they would probably have to give all their property away and return the remaining funds.

Related Articles.
<ul>
 	<li><a href="http://cryptoknowmics.com/news/nouriel-roubini-believes-the-entire-crypto-land-is-full-of-scams" target="_blank" rel="noopener">Nouriel Roubini Believes The Entire Crypto Land Is Full Of Scams </a></li>
 	<li><a href="https://www.cryptoknowmics.com/news/south-korean-travel-agent-caught-up-in-3-billion-plustoken-scam" target="_blank" rel="noopener">South Korean Travel Agent Caught Up In $3 Billion PlusToken Scam</a></li>
</ul>

Owners of Zima Pleads Not Guilty in Crypto Scam Case

Co-founder of Zima, Zachary Salter pleads not guilty in the crypto scam case, just a while after his partner John Michael Caruso stated the same,

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

Owners of Zima Pleads Not Guilty in Crypto Scam Case

Top Picks