United Nations Affiliate ‘World Sports Alliance’ Pres. Pleads ‘Not Guilty’ To Selling Fake Crypto
Asa Saint Clair, the President of the UN affiliate World Sports Alliance has pleaded “not guilty” in the fraud case of selling cryptocurrency.
The man has been put on household arrest after he bought a one-way plane ticket to Madagascar while being investigated. He was caught at the airport, when he was trying to leave. The prosecutors accuse him of defrauding at least 3 investors by claiming that World Sports Alliance is helping third-world countries to gain access to food and water, also to build sporting facilities.
Saint Clair Sold IGOBIT, a Fake Cryptocurrency
The indictment against Saint Clair claims he had falsely guaranteed investors that they’ll receive returns if they buy IGOBIT, a fake World Sports Alliance’s blockchain digital token. Prosecutors have noted before that there was never an IGOBIT, in spite of Saint Clair saying that he raised the money to launch the digital token.
Investors’ Money Spent on Meals and Plane Tickets
Saint Clair never used investors’ money to launch the IGOBIT. Instead, he spent it all in Manhattan restaurants, on plane tickets and personal expenses for himself and other employees at World Sports Alliance. The US government called the World Sports Alliance a “sham affiliate of the United Nations.”
The Accused Was Talking of Pace and a Better World
US special agent Peter Fitzhugh said that, trying to make investors believe him, Saint Clair told them his sham company promotes the values of sports and is trying to create a better world. Instead, he used their money to live in luxury. Responding to the allegations that he was scamming people since 2017, he denied everything. His attorneys argued that he was World Sports Alliance President for only 6 months and that he travels a lot, this being the reason why he was leaving for Madagascar.
Furthermore, they claimed that it’s common for business people like Saint Clair to buy one-way tickets to countries in Africa because the governments there aren’t “schedule oriented”. Another hearing will be held in March, after the prosecutors finish investigating 6 TB of data confiscated from Saint Clair, at his apartment in New York.