Thomas John Sfraga, also known as TJ Stone, pleaded guilty to wire fraud charges in federal court in Brooklyn on Thursday.
According to a Department of Justice release on Friday, Sfraga allegedly promised investors a return of up to 60 percent over three months, in fact for a fake cryptocurrency digital wallet. He allegedly took the funds for himself and used some of the funds to repay victims of previous scams. He faces up to 20 years in prison and $1.33 million in restitution, the Justice Department statement added.
US crypto celebrity Thomas Sfraga pleads guilty to wire fraud charges
2024-05-17 15:51:59
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