Virtual World Tech Company Owner Arrested Over Alleged 45M Investment Fraud Scheme
Last week, the US Department of Justice (DoJ) said that Neil Chandran, a Las Vegas resident, was arrested over allegations of fraud. The 50-year-old owns companies operating under the “ViRSE” brand, including Free Vi Lab, Studio Vi, ViDelivery, and ViMarket. SEE: Metaverse: Momentum is building, but companies are still staying cautious Chandran’s companies developed virtual-world technologies, including their own cryptocurrency, for use in the companies’ own metaverse. ViRSE calls itself “the virtual universe of people, places, and content accessible from any internet-enabled device on this planet....