Lime Co-Founder Brad Bao Hit with $100M CERE Token Fraud Lawsuit

Brad Bao, tech entrepreneur, investor and co-founder of electric scooter company Lime, has been named as a defendant in a federal lawsuit alleging a large-scale cryptocurrency fraud tied to blockchain project Cere Network, according to a complaint filed in the U.S. District Court for the Northern District of California. The civil suit, filed by investor Vivian Liu and her investment company, Goopal Digital Ltd., seeks $100 million in compensatory and punitive damages.  The case is brought under the Racketeer Influenced and Corrupt Organizations Act (RICO), a law usually applied to organized fraud networks rather than typical token disputes. It

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