Developer of ‘Mutant Ape Planet’ NFTs Arrested, Charged With Fraud for Alleged $2.9M Rug-Pull

“It’s alleged that Michel defrauded investors by making false representations of, amongst other things, giveaways, tokens with staking features, and merchandise collections,” wrote Thomas Fattorusso, Acting Special Agent-in-Charge with the Internal Revenue Service (IRS)’s Criminal Investigation team.