Celebrity marketer Raichu, who has collaborated with several celebrities and influencers, has been accused of participating in numerous rug pulls and pump-and-dump operations.
According to a recent Twitter thread by @ZachXBT, Raichu has been connected to over 50 instances of fraud that cost investors millions of dollars.
Raichu allegedly collaborated in various scams
Raichu is a celebrity marketer that claims to have raised over $15 million for projects. It has, however, been revealed that many of these projects were allegedly mainly pump and dump operations.
Raichu was involved in a promotion for the Baller Ape Club undertaking that he co-organized with Lil Xan (BAC).
Following the discovery that the $2.6 million project was a scam, the U.S. DOJ filed charges against the founder of BAC in June 2022 for international money laundering and wire fraud.
He also collaborated with the NFT shown to link Lil Xan and Dillon Danis to the Crazy Lemur Club NFT project. Within a few weeks after its debut, the crew rug pulled $320,000 in funds. The founder was also exposed as the mastermind of more than $5 million worth of phishing fraud.
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