U.S. man sentenced to 3 years in prison for wire fraud involving millions of dollars in digital assets
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Summary
- The U.S. Attorney’s Office in Utah said it sentenced Brian Gary Sewell to three years in prison for wire fraud involving millions of dollars worth of digital assets.
- Sewell was found to have extorted about $2.9 million from 17 digital-asset investors from 2017 to 2024.
- Sewell was also accused of operating a money-transmission business that converted cash into digital assets without authorization from federal authorities.
A U.S. man who swindled millions of dollars through wire fraud has been sentenced to three years in prison.
According to CoinDesk, a digital-asset news outlet, the U.S. Attorney’s Office in Utah on the 16th (Korea time) sentenced 54-year-old Brian Gary Sewell, who was accused of carrying out wire fraud to obtain millions of dollars, to 36 months in prison and 36 months of supervised release.
Prosecutors said Sewell extorted about $2.9 million from 17 digital-asset investors from 2017 to 2024.
Sewell was also accused of operating a money-transmission business that converted cash into digital assets without authorization from federal authorities.
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