SAN FRANCISCO – Ryan Mark Ginster was arrested today in Los Angeles on federal charges filed in San Francisco of wire fraud and money laundering, announced Acting United States Attorney Stephanie M. Hinds and Special Agent in Charge Darrell J. Waldon of the Internal Revenue Service-Criminal Investigation Washington D.C. Field Office.  Ginster will appear in Los Angeles federal court, the first step in a procedure to obtain Ginster’s appearance in United States District Court in San Francisco.  

The complaint’s affidavit alleges that Ginster, 34, of Corona, California, engaged in an online investment fraud scheme that began as early as February 2018 and continued to February 2021.  During this time, Ginster ran multiple websites, including one he created and operated named Socialprofimatic.com.  Socialprofimatic.com offered a high-yield investment program that promised outlandishly high returns on investments with little or no risk to investors.  Investors could only invest with cryptocurrency, which creates transactions that are irrevocable even in instances of fraud.  The complaint describes that the Socialprofimatic.com website falsely represented that investors’ funds would be used to support social media marketing campaigns, that the invested funds would generate returns of 8% per day, and that investors could withdraw funds at any time.  Socialprofimatic.com received approximately $844,667 from investors, and then it shut down without warning after…

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