Lime Chairman Brad Bao Named in Second Federal RICO Lawsuit as Fraud Claims Reach $157 Million

Source: International Business Times

Brad Bao Brad Bao, executive chairman and co-founder of electric scooter company Lime, has been named as a defendant in a second federal racketeering lawsuit alleging he participated in a cryptocurrency fraud scheme, bringing total claimed damages against him and his associates to $157 million. The case represents a significant escalation of what was already one of the highest-profile RICO actions to hit the crypto sector, drawing a direct line between a sitting chairman of a major tech company and what plaintiffs describe as a sprawling, multi-year fraud. The complaint was filed in the U.