Sam Bankman-Fried may launch new coin after prison, report says
New York Magazine has reported new details about Sam Bankman-Fried’s life in prison, including a remark that he may launch a new cryptocurrency after leaving...
Tag : prison
Sam Bankman-Fried loses appeal to overturn 25-year prison sentence
Former FTX CEO Sam Bankman-Fried failed to overturn his fraud conviction and 25-year prison sentence tied to the collapse of FTX after a three-judge appeals...
Seattle-Area Man Gets Prison for Laundering Foreign Fraud Funds With Bitcoin, Ethereum
In brief A 47-year old man from the Seattle area helped defraud investors of nearly $100 million, prosecutors said. Victims thought they were investing in...
Myanmar’s military government proposes life in prison for crypto scammers
The military government of Myanmar released the text of a bill aimed at combating online fraudsters, with several penalties related to cryptocurrencies and scam centers....
Hardware Wallet Thief Gets 78 Months in Prison Over $250M Crypto 'Heist'
In brief Marlon Ferro, known as “GothFerrari,” received a 78-month federal prison sentence after pleading guilty to racketeering conspiracy charges. Ferro broke into victims’ homes...
Woman Gets 71 Months in Prison Over Bitcoin Investment Fraud Targeting Elderly Victims
In brief Sze Man Yu Inos, 30, received a 71-month federal prison sentence for wire fraud targeting elderly women. The scheme involved false claims about...
US DOJ sentences man to 70 months in prison for role in $263M scam group
The group spent tens of millions of dollars on luxury items and real estate, using funds stolen from crypto users in social engineering scams. Evan...
Texas man in $20M Meta-1 Coin fraud sentenced to 23 years in prison
A Texas man found guilty of helping orchestrate a cryptocurrency scam project that defrauded $20 million from nearly 1,000 investors has been sentenced to 23...