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Robb allegedly sent a message reading, \u201cPoof, YOU\u2019RE A MILLIONAIRE\u201d to one Telegram group, accompanied by this image of a purple fairy wearing a mushroom cap. The message promised recipients they could strike it rich if they used Robb\u2019s MEV bot and invested in the cryptocurrency $RAT and the ironically named token NoRugz. <\/p>\n<\/div>\n
It says Robb asked crypto investors over Telegram and other social media for money to build a \u201cMaximum Extractable Value\u201d or MEV, crypto trading bot. But after investors sent the funds, the bot never materialized. Investors interviewed by the FBI said that Robb made multiple excuses for the bot\u2019s delay and never complied with any requests for refunds. <\/p>\n<\/div>\n The bot described by Robb would supposedly scan blockchain networks to find profitable trading opportunities and execute them automatically, but there\u2019s no evidence that technology can actually work over an extended period.\u00a0This hasn\u2019t stopped crypto scammers from pushing fake bots<\/a> on YouTube, X, and other social media sites and making unlikely promises of 10x to 100x returns on their investments. <\/p>\n<\/div>\n Robb frequently posted about the MEV bot he was building on X and the crypto social media platform Friend.Tech. In DMs to investors, he claimed he had built a prototype of a bot that was good enough to yield \u201cenormous returns.\u201d\u00a0<\/p>\n<\/div>\n The FBI alleges that over the course of a few weeks in 2023, Robb collected at least $1.5 million from investors. But instead of the funds going toward building a crypto trading bot, Robb transferred most of the money to his personal bank accounts. The FBI\u2019s review of Robb\u2019s financial transactions indicated that he spent some of the money on a two-year lease of an executive suite at the Denver Broncos Mile High Stadium, a luxury Jeep, and a stay at a vacation resort in the Bahamas.\u00a0<\/p>\n<\/div>\n The 46-year-old Robb was arrested in Las Vegas on March 20th, according to a screenshot of records<\/a> from the Henderson Police posted by crypto detective ZachXBT on X. The Verge <\/em>has reached out to Henderson County to request Robb\u2019s police records. <\/p>\n<\/div>\n