The FBI arrested Idin Dalpour, a New York resident, for allegedly orchestrating a Ponzi scheme that defrauded investors of $43 million through deceptive investment opportunities in a Las Vegas hospitality venture and a cryptocurrency trading enterprise. Dalpour is accused of enticing investors with promises of substantial returns, fabricating contracts, falsifying bank statements, and using fictitious email correspondence to maintain the facade of a profitable venture. Instead of investing as promised, Dalpour allegedly diverted investor funds to fulfil earlier investors' returns, cover personal expenses, and pay for private school tuition. The scheme unravelled when victims confronted Dalpour in November 2023, leading to his confession. This arrest is part of a series of Ponzi scheme-related crackdowns by U.S. authorities, including the recent busts of the $300 million CryptoFX scheme and the conviction of individuals involved in the IcomTech fake crypto mining and trading scheme.