- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Former Football Player Sentenced to Two and a Half Years in Prison for Scamming Over $900,000 in Crypto Mining Ponzi Scheme
BlockBeats News, July 18, according to Cointelegraph, former rugby player Shane Donovan Moore has been sentenced to two and a half years in a U.S. federal prison for defrauding over 40 investors of more than $900,000 in a cryptocurrency mining Ponzi scheme.
According to a press release from the U.S. Department of Justice, Moore operated Quantum Donovan LLC from January 2021 to October 2022. Through this company, he is alleged to have defrauded over 40 investors for a total amount exceeding $900,000.
When promoting the scheme, Moore claimed that the raised funds would be used to purchase cryptocurrency mining equipment and promised investors a daily return rate of 1%.
U.S. Acting U.S. Attorney Teal Luthy Miller stated: "Mr. Moore exploited the novelty of cryptocurrency to perpetrate an age-old form of fraud—a Ponzi scheme."
You may also like
Gainers
Latest Crypto News
The South Korean STO Bill Passes First Parliamentary Review, Tokenized Securities Market Expected to Launch in the First Half of Next Year
MON pre-market price has dropped below $0.03, with a 24-hour decrease of 7.59%.
Mainstream Perp DEX Overview: 24-Hour Trading Volume Significantly Declines, with Lighter Topping the Chart at $7.1 Billion
Revolut valued at $75 billion in latest stock sale
Everbright Sun Hung Kai: Fed December Vote May See First-ever 6:6 Tie
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App