Wealth Manager Denies Claims In $9M Crypto Fraud Suit

By Silvia Martelli (September 28, 2021, 9:55 PM BST) -- Wealth manager Dolfin Asset Services Ltd. and its founder have denied defrauding private equity firm GEM Capital in a $9.25 million cryptocurrency scam, saying they did not misrepresent the investment in a blockchain project.

In a defense filed Friday, Dolfin, a related company and founder Roman Joukovski denied allegations that Joukovski told investors that two Russian-focused blockchain projects that issued cryptocurrency were "risk-free."

Dolfin, Joukovski and others are accused of defrauding Andoro Trading Corp. and Uroco Ltd., two units of private equity firm GEM, through investments in a scheme in which $1 billion of cryptocurrency tokens was to be issued....

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