Summary
- A US court sentenced a crypto fraudster to 18 years in prison for a $12 million scam.
- The fraudster posed as offering high-return investment opportunities to recruit investors.
- The court judged his actions as deliberate and malicious.
On the 24th (local time), according to crypto media The Block, a US court sentenced a crypto investment fraudster, who defrauded more than 20 victims of a total of $12 million, to 18 years in prison and 3 years of probation.
The convicted individual is Eugene William Austin Jr. from Long Island, New York, who posed as a broker offering high-return crypto investment opportunities to recruit investors.
The court judged his actions as a deliberate and malicious fraud and handed down a heavy sentence considering the scale of the damage and the number of victims.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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