Two U.S. federal agencies have announced charges against four individuals whom they accuse of defrauding over $44 million from investors through three digital asset scams. In its federal civil enforcement action\u00a0filed\u00a0with the Eastern District of New York, the Commodity Futures Trading Commission (CFTC) charged three Americans\u2014Dwayne Golden, Gregory Aggesen, and Marquis Egerton, and one Indian national, Jatin Patel, of soliciting $44 million through Ponzi schemes that involved BTC and misappropriating millions of dollars. CFTC alleges that the three suspects operated Empowercoin and Ecoinplus, through which they solicited more than $23 million in BTC. Together with Patel, they also operated JetCoin, through which they raised $21 million from investors.\u00a0 As the watchdog alleges, the three projects all promised guaranteed returns. They claimed that they had teams of professionals who were trading the BTC and promised a 200% profit return in 90 days.\u00a0 The reality was much different, however. CFTC says that the four either misappropriated the BTC and channeled it to their personal needs or used it to pay off some of the earlier investors in a\u00a0ponzi scheme fashion. In total, they misappropriated $9.8 million through Ecoinplus and Empowercoin and $7.8 million through the JetCoin project. In accompanying charges, the\u00a0Department of Justice\u00a0(DoJ) unsealed an\u00a011-count indictment\u00a0against the three Americans for defrauding investors. The charges included conspiracy to commit wire fraud, money laundering, and related substantive counts.\u00a0 DoJ also charged them with conspiracy to obstruct justice, tampering with evidence, and obstructing justice. From June 2017 to present, the three allegedly conspired to obstruct a Federal Trade Commission (FTC) investigation and a federal criminal grand jury investigation into the fraudulent schemes. They also destroyed evidence and provided the FTC with false and misleading information. \u201cWhether we\u2019re dealing with virtual currency or cold-hard cash, schemers continue to capitalize on investors\u2019 best intentions and pocket their ill-gotten gains,\u201d FBI Assistant Director-in-Charge Michael Driscoll commented, pledging his office\u2019s resources to curb all manner of financial crimes. \u201cThe scams may have been online and virtual, but these charges are very real. This Office is committed to protecting the public from criminals who view cryptocurrency as a new frontier to perpetrate old fashioned crimes of fraud and money laundering,\u201d United States Attorney for the Eastern District of New York Breon Peace added. Follow\u00a0CoinGeek\u2019s Crypto Crime Cartel series, which delves into the stream of groups\u2014a from BitMEX\u00a0to\u00a0Binance,\u00a0Bitcoin.com, Blockstream,\u00a0ShapeShift,\u00a0Coinbase, Ripple, Ethereum,\u00a0FTX\u00a0and\u00a0Tether\u2014who have co-opted the digital asset revolution and turned the industry into a minefield for na\u00efve (and even experienced) players in the market.