Source:  wsaigo.info/   Asa  Saint  Clair , president of a nonexistent United Nations affiliate , has been charged with fraud by U.S. prosecutors. 

By Gary Raynaldo    /  DIPLOMATIC  TIMES

NEW YORK –   U.S. prosecutors charged Asa Saint Clair, the president of a nonexistent United Nations affiliate, with fraud Wednesday, alleging he defrauded investors using the IGOBIT digital token.  According to the indictment,  Saint Clair allegedly participated in a scheme to defraud victims into providing loans tied to the launch of IGOBIT by World Sports Alliance, a purported intergovernmental organization focused on promoting international development through sports, and falsely promised investors guaranteed returns and an ownership interest in IGOBIT.  Prosecutors said he defrauded investors to fund his lavish lifestyle in Manhattan. 

“Saint Claire allegedly touted his company as promoting the values of sports and peace for a better world, yet defrauded all those who invested in his sham company.  As alleged, Saint Claire used the money he earned through deceit to fund a lavish lifestyle for him and his family.  Through the HSI New York El Dorado Task Force and its strong partnerships, Saint Claire will face time for his actions, and it won’t be in the luxury or comfort he has grown accustomed to.”

-Special Agent-in-Charge Peter C.  Fitzhugh said.

Source:  https://twitter.com/asastclair /   Asa  Saint Clair

From 2017 through September 2019, Saint Clair  solicited investors for the launch of IGOBIT through promised investment returns and representations about World Sports Alliance’s development projects around the world, according  to the Federal indictment.   World Sports Alliance did not in fact participate in any international development projects and Saint Clair did not dedicate investor funds to IGOBIT.  Instead, Saint Clair  diverted those funds to other entities controlled by him and members of his family, as well as to pay his personal expenses, including dinners at Manhattan restaurants, airline tickets, and online shopping, the prosecution alleges.

Saint Clair, 47, of New York, New York, is charged with one count of wire fraud, which carries a maximum sentence of 20 years in prison.  The maximum potential sentence in this case is prescribed by Congress and is provided here for informational purposes only, as any sentencing of the defendant will be determined by the judge.