He sold a token "backed" by $1 billion in Picassos and Dalís that never existed

Between 2018 and 2023, a Houston man claimed his Meta-1 Coin was backed by $1 billion in Picasso, Dalí, and Van Gogh art, plus $44 billion in gold certified by an auditor. None of it existed: nearly 1,000 investors lost over $20 million in real money, and he was sentenced to 23 years in prison.