# Kishu Inu Founder Charged With Wire Fraud Over Alleged $9 Million Gain

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/27812
Published: 2026-10-08T07:28:00.000Z
Updated: 2026-10-08T07:28:00.000Z
Section: Regulation

> Alexander Sisemore faces three counts carrying up to 20 years in prison each. Prosecutors allege he made false claims to investors and secretly sold tokens.

Federal prosecutors in Illinois have charged Kishu Inu founder Alexander Sisemore with three counts of wire fraud, alleging he used false claims and secret token sales to gain about $9 million personally.

Each count carries a maximum sentence of 20 years in prison. The indictment alleges Sisemore made material misrepresentations to investors through Telegram, Twitter, Facebook and Reddit to maintain liquidity and push up the token’s price.

Sisemore is also accused of secretly selling a large amount of Kishu Inu tokens allocated to him. The token launched in 2021 and briefly reached a market capitalization above $1.6 billion.

The FBI’s Chicago division is seeking information from investors as the case proceeds.