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Outsiders' identities are all self-provided; this plot could make several seasons on Netflix.
The "Middle Eastern Royal Family" set up a scam targeting a female boss of a domestic crypto mining farm, with total losses approaching 18 million USD (about 130 million RMB).
The brother claims to be the "Middle Eastern Royal Family's son-in-law," while the younger brother plays a hedge fund manager in the American TV series "Billions" 😓😓.
On June 11, in Ohio, USA, a recent verdict was announced in a transnational scam case involving impersonation of Middle Eastern royalty, with the two main suspects sentenced to 24 and 23 years in prison respectively, and ordered to pay approximately 21.2 million USD in restitution.
In the case, 42-year-old Zubair Al-Zubair and 31-year-old Muzamil Al-Zubair are accused of long-term impersonation of Middle Eastern royal family members and hedge fund managers, conducting scams under the guise of "government cooperation + crypto mining investment," and gaining trust through forged identities and official connections.
Investigations show that the two bribed former local officials to obtain titles such as "International Economic Advisor," further packaging the projects to appear credible.
One of the main victims is a Chinese crypto investor. It was disclosed that this investor initially participated in Bitcoin mining in Sichuan, then moved to the U.S., where he was introduced to a fake mining farm project in Ohio, investing cash and equipment, with total losses nearing 18 million USD (about 130 million RMB).
During the scam, the victim was asked to pay several million dollars and purchase mining equipment, some of which was later transferred and sold at low prices.
The case was ultimately exposed after another victim reported it; police then launched an investigation and traced the flow of funds.
The judge, at sentencing, pointed out that the suspects used false identities and a luxurious lifestyle to carry out systematic fraud, severely damaging the reputation of local public institutions.
A former municipal official who assisted in the scam was also sentenced.