Cere Network CEO Fred Jin and Lime co-founder Brad Bao face second federal lawsuit as crypto fraud claims reach $157 million

Cere Network CEO Fred Jin, described in court filings as the alleged architect of a multi-year cryptocurrency fraud, and Lime co-founder Brad Bao have been named as defendants in a second federal racketeering lawsuit, bringing total claimed damages to $157 million across two separate RICO actions in the Northern District of California.