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Tennessee Gubernatorial Candidate Indicted in Alleged $1.9 Million Crypto Ponzi Scheme

Published on June 16, 2026

Categories: Regulation Scam/fraud

An independent candidate for Governor of Tennessee, Misam M. Abidi, is facing an eleven-count federal indictment. The charges allege he operated a cryptocurrency Ponzi scheme, diverting over $1.9 million in investor funds to himself and his family. Abidi reportedly solicited investors for his firm, Star Credit Holdings, under false pretenses.

An independent candidate for Governor of Tennessee is facing an eleven-count federal indictment for allegedly operating a cryptocurrency Ponzi scheme that diverted more than $1,900,000 in investor funds to himself and his family. A federal grand jury alleges 47-year-old Misam M. Abidi solicited investors of the cryptocurrency investment firm Star Credit Holdings with claims of […]

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