'Sham' UN Org Exec Pleads Not Guilty To Crypto Coin Fraud

By Frank G. Runyeon (November 13, 2019, 3:57 PM EST) -- The president of a sports group that prosecutors called a "sham" United Nations affiliate pled not guilty in Manhattan federal court on Wednesday to charges that he defrauded investors with a phony cryptocurrency initial coin offering.

Asa Saint Clair, president of the U.N.-headquartered World Sports Alliance, denied the wire fraud charge before U.S. District Judge P. Kevin Castel. The judge approved a deal for Saint Clair to be released from federal custody contingent on a $500,000 bond secured by his ex-wife and his current father-in-law, who agreed to put his house up as collateral.

"Not guilty, your honor," Saint Clair said,...

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