{"id":9470,"date":"2020-10-26T15:36:55","date_gmt":"2020-10-26T19:36:55","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=9470"},"modified":"2020-10-26T15:36:55","modified_gmt":"2020-10-26T19:36:55","slug":"diamond-backed-cryptocurrency-ponzi-scheme-principal-jose-aman-indicted","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/diamond-backed-cryptocurrency-ponzi-scheme-principal-jose-aman-indicted\/","title":{"rendered":"Diamond-Backed Cryptocurrency Ponzi Scheme Principal Jose Aman Indicted"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9471 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/10\/Diamond1.jpg\" alt=\"Jose Aman, owner of the diamond-backed cryptocurrency Ponzi scheme Argyle Coin, has been indicted on federal wire fraud charges. Aman, who is based in South Florida, also owns two other companies that are linked to Argyle, Natural Diamonds Investment Co. and Eagle Diamond Group Inc. Silver Law Group represents investors in the Ponzi scheme and filed the original federal court complaint and continues to act as counsel to the receiver on this matter. From 2014 to 2019, Aman and his companies took millions of dollars from hundreds of investors for a cryptocurrency plan that was described as risk free because it was backed by diamonds, including \u201cfancy colored diamonds\u201d. Investors were told that the diamonds would be cut and resold for a profit. Aman was planning to raise as much as $30 million for an initial coin offering (ICO). The SEC alleges that there were no diamonds of any color and that Aman directed much of the investor money collected for his own personal use. Jose Aman is alleged to have used investor funds to buy horses, pay for rental homes, and pay for his son\u2019s horse riding lessons. New investor money was allegedly used to pay dividends to old investors, which is a Ponzi scheme. The SEC put the company in receivership. As part of the receivership, Scott Silver and Silver Law Group have worked as counsel to the receiver to help recover money for investors.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/10\/Diamond1.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/10\/Diamond1-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Jose Aman, owner of the diamond-backed cryptocurrency Ponzi scheme Argyle Coin, has been indicted on federal wire fraud charges. Aman, who is based in South Florida, also owns two other companies that are linked to Argyle, Natural Diamonds Investment Co. and Eagle Diamond Group Inc. <a href=\"https:\/\/www.silverlaw.com\/blog\/diamond-backed-cryptocurrency-ponzi-scheme-principal-jose-aman-indicted\/#more-9470\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jose Aman, owner of the diamond-backed cryptocurrency Ponzi scheme Argyle Coin, has been indicted on federal wire fraud charges. Aman, who is based in South Florida, also owns two other companies that are linked to Argyle, Natural Diamonds Investment Co. and Eagle Diamond Group Inc. Continue reading \u203a<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[593],"tags":[],"class_list":["post-9470","post","type-post","status-publish","format-standard","hentry","category-ponzi-schemes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Diamond-Backed Crypto Ponzi Scheme Principal Jose Aman Indicted<\/title>\n<meta name=\"description\" content=\"Jose Aman, owner of the diamond-backed cryptocurrency Ponzi scheme Argyle Coin, has been indicted on federal wire fraud charges.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/diamond-backed-cryptocurrency-ponzi-scheme-principal-jose-aman-indicted\/\" 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minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/diamond-backed-cryptocurrency-ponzi-scheme-principal-jose-aman-indicted\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/diamond-backed-cryptocurrency-ponzi-scheme-principal-jose-aman-indicted\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"Diamond-Backed Cryptocurrency Ponzi Scheme Principal Jose Aman 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