CriptoFunding LLC, founded in 2020, presented itself as a crypto asset investment fund that promised investors substantial returns, allegedly generated from crypto asset trading and other ventures. The company solicited investments globally, primarily targeting Latino communities, by promoting "Cripto Packs" that claimed to yield returns of 10% to 30% monthly. In October 2023, the U.S. Securities and Exchange Commission (SEC) charged the company and its founders with fraud, revealing the operation to be a classic pyramid and Ponzi scheme. The company is now defunct following this regulatory action.

Founded in

Italy