Tag: sentence

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Chinese exile once linked to Trump strategist gets 30-year sentence in $1 billion fraud

A U.S. judge sentenced Chinese businessman Miles Guo, the billionaire behind the fraudulent crypto venture Himalaya Coin, to 30 years in prison, long after...

Second Circuit Affirms SBF’s Fraud Conviction and 25-Year Sentence

A three-judge Second Circuit panel affirmed Sam Bankman-Fried’s conviction on seven counts of fraud and conspiracy, along with his 25-year prison sentence, closing his...

Ex-Celsius CEO Files Motion to Vacate Sentence after Lawyers Withdraw

Alex Mashinsky, the former CEO of defunct cryptocurrency lending platform Celsius, has filed a motion in a New York court to vacate his 12-year...

South Korea Seeks 20-Year Sentence for Delio CEO Over $169M Crypto Fraud

South Korean prosecutors have requested a 20-year prison sentence for the CEO of crypto deposit service Delio, calling the scale of alleged fraud against...

Feds sentence mob royalty Carmine Agnello for lining his pockets with tax dollars and crypto

Carmine Agnello, the mob boss John Gotti’s grandson, was sentenced to 15 months in prison for defrauding the U.S. government’s Covid relief funding system...

DeFi’s shakeout is a stress test, not a death sentence

DeFi protocol ZeroLend’s decision to shut down after three years in February, citing thin margins, hacks and inactive chains, landed with a tone the...

Bitcoin Scam: Court Hands Man 20-Year Sentence Over $200M Ponzi Scheme

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A US court has sentenced the CEO of Bitcoin trading firm, Praetorian...

Ramil Ventura Palafox gets 20 years sentence over $200 million bitcoin Ponzi scheme

The CEO of Praetorian Group International (PGI) was sentenced to 20 years in prison in the U.S. for running a global Ponzi scheme that...