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Justice News

Department of Justice
U.S. Attorney’s Office
District of Arizona

FOR IMMEDIATE RELEASE
Wednesday, February 5, 2020

Two Arrested in Connection with Cryptocurrency Investment Fund

     PHOENIX, Ariz. – John Michael Caruso, 28, of Scottsdale, Arizona, and Zachary Salter, 27, of Paradise Valley, Arizona, were both arrested on January 30, 2020, and charged by criminal complaint with conspiracy to commit wire fraud and money laundering.

     A criminal complaint is simply the method by which a person is charged with criminal activity and raises no inference of guilt. An individual is presumed innocent until competent evidence is presented to a jury that establishes guilt beyond a reasonable doubt.

     If you believe you may have invested money with Caruso or Salter—or their alleged cryptocurrency investment fund, Zima Digital Assets—please contact Special Agent Lamerson or Special Agent Roper at the U.S. Secret Service, Phoenix Field Office, via telephone at (602) 640-5580.

Topic(s): 
Securities, Commodities, & Investment Fraud
Component(s): 
Press Release Number: 
2020-016_Caruso and Salter/MJ-20-8034
Updated February 5, 2020