A federal grand jury has indicted an aspiring politician for allegedly scamming investors in a cryptocurrency scheme based in Memphis.
47-year-old Misam Abidi, who currently resides in Middle Tennessee, was charged with three counts of money laundering, three counts of aiding in the preparation of fraudulent tax returns, two counts of operating an unregistered currency transmitting business, and three counts of wire fraud.
This all comes a month after Abidi announced he was going to run for Tennessee governor.
Abidi faces a maximum penalty of 20 years for each count of wire fraud, five years for each count of operating an unlicensed money transmitting business, three years for each count of preparing false tax returns, and 10 years for each count of money laundering.
The case was investigated by the IRS, the FBI and the Secret Service.
