California Man Sentenced to 51 Months in Prison for $37 million Crypto Scam
2025-09-09 00:51:49
A Lapente, Calif., resident has been sentenced to 51 months in prison and $26.9 million in restitution for laundering $37 million in a global crypto scam, the Department of Justice announced. He and his associates used a Bahamian company, Axis Digital, to receive the funds, transfer the victim's funds to a Delt bank account, and then exchange them for USDT to transfer to a fraudulent wallet. The case is part of the Justice Department's ongoing crackdown on the transnational "romance scam" crypto fraud and money laundering network.
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