Dillon Michael Dean owns a company registered in Britain, The Entrepreneurs Headquarters Limited. Dean and his company are accused of running a Ponzi scheme and received as much as $1 million from more than 600 people. He is accused of misappropriation of funds.
Feds: Defendants Started Scamming in 2017
The feds allege that the McDonnell and Dean started their scams around April of 2017. That means that it took Dean less than one year to amass $1 million from his scheme. If you divide $1 million by 600 people, that’s more than $1,600 per person. Remember that McDonnell promised his clients that they would see a 300% return in just one week. In December 2017, bitcoin peaked at almost $20,000. That made people excited to get involved.
James McDonald, enforcement director for the U.S. Commodity Futures Trading Commission stated that this increased interest in virtual currencies created “new opportunities for bad actors.”
