A cryptocurrency executive from Cypress has been indicted for his alleged role in a scheme to defraud investors.
Brian Fontenot II, who serves as the Chief Technology Officer of XUSD, is jailed in Galveston County awaiting extradition to Georgia, where he’s facing 90 criminal charges related to the operation.
In May, Fontenot and seven others, including XUSD founder James Nelson, were indicted in Baker County, Georgia, following a multi-year FBI investigation that was then handed over to local authorities…