A senior promoter involved in a cryptocurrency Ponzi scheme has pleaded guilty to wire fraud conspiracy. The scheme, which allegedly resulted in $1 billion in losses, has also led to a lawsuit by the New York Attorney General against a husband and wife team accused of promoting the fraudulent activities. In a separate case, a former Allianz hedge fund manager and Chief Investment Officer of Allianz Global Investors U.S. has pleaded guilty to fraud related to a $7 billion meltdown of private investment funds, which was exacerbated by the COVID-19 pandemic. The manager pleaded guilty to investment adviser fraud.