Wednesday December 18, 2024

US Sends Crypto Promoter to Prison for 20 Years in Multi-Million Dollar Ponzi Scheme

US Sends Crypto Promoter to Prison for 20 Years in Multi-Million Dollar Ponzi Scheme

by Kevin Helms October 17, 2024 1 min read

(Originally posted on : Bitcoin News )

A cryptocurrency promoter was sentenced to 20 years in prison for running a Ponzi scheme that defrauded thousands of investors, particularly in Spanish-speaking U.S. communities. The scheme, disguised as a crypto mining operation, promised guaranteed returns but left victims unable to withdraw funds while promoters pocketed millions. The fraudster was ordered to forfeit over $3.6 […]

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