The U.S. Department of Justice said in an indictment released on Friday that two California men were accused of orchestrating a series of NFT carpet frauds that defrauded buyers of more than $22 million. The Justice Department said it was the largest NFT fraud case the department has ever prosecuted. Gabriel Hay of Beverly Hills and Gavin Mayo of Thousand Oaks were charged with one count of conspiracy to commit wire fraud, two counts of wire fraud and one count of stalking. The men were arrested in Los Angeles on Thursday.