Mutant Ape Planet NFT developer charged with fraud in Brooklyn federal court
DOWNTOWN BROOKLYN — A developer of the NFT known as Mutant Ape Planet was charged in the Eastern District of New York for allegedly defrauding investors of $2.9 million.
Aurelien Michel, a 24-year-old, French national who lives in Dubai, was charged with defrauding purchasers of his non-fungible token (NFT), a type of digital asset, of more than $2.9 million. Michel was arrested at John F. Kennedy International Airport on Wednesday night and appeared before Magistrate Judge James Cho on Thursday.
“As alleged, the defendant used a traditional criminal scheme to defraud consumers eager to participate in a new digital asset market,” stated U.S. Attorney Breon Peace. “Protection from fraud and manipulation extends to all consumers and investors, including those participating in the fast-evolving market for NFTs and other crypto assets. Our Office is committed to bringing to justice any criminal actor abusing any markets for their own gain.”