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flag Two men are accused of fraud and market manipulation in a $MELANIA crypto scheme using fake celebrity ties.

flag Two men, Benjamin Chow and Hayden Davis, were accused in a federal lawsuit of orchestrating a fraud involving the $MELANIA cryptocurrency launched in January, allegedly using celebrity ties to mislead investors. flag The complaint claims they created a fake sense of legitimacy through coordinated marketing and insider dumping, causing the coin’s value to collapse after a 12-fold surge. flag The lawsuit alleges the defendants used a repeatable scheme across multiple tokens, hoarded a large portion of the supply, and exploited public figures’ names without their knowledge. flag The case centers on fraud, market manipulation, and racketeering, but does not accuse Melania Trump or others of involvement.

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