Fraudster Faces 12-year Jail Sentence for $100M Crypto Ponzi Scheme
Pablo Renato Rodriguez, co-founder of the major crypto-based pyramid scheme AirBit Club, has been sentenced to 12 years in prison by US District Judge George B. Daniels. Rodriguez and his co-conspirators, including Gutem...
Rodriguez and his co-conspirators, including Gutemberg Dos Santos, orchestrated the AirBit Club scheme, which lured unsuspecting investors with promises of guaranteed profits through cryptocurrency mining and trading, the US Attorney’s Office for the Southern District of New York announced on Tuesday....
Read More: Fraudster Faces 12-year Jail Sentence for $100M Crypto Ponzi Scheme
Original source
Read on CryptonewsRelated market context
U.S. Charges Two Men for $389 Million Bitcoin and Crypto Money Laundering Scheme Tied to Dark Web
Bitcoin Magazine U.S. Charges Two Men for $389 Million Bitcoin and Crypto Money Laundering Scheme Tied to Dark Web Federal prosecu...
Bitcoin faces one of its biggest mining difficulty drops as miner margins collapse
The Bitcoin network is poised to execute one of the largest downward adjustments to its mining difficulty in its 17-year history t...
Bitcoin price faces new risk as big buyers lose conviction
Bitcoin’s largest buyers are no longer behaving like a reliable backstop for the largest cryptocurrency. The exchange-traded funds...
Scotland’s World Cup return after 28 years brings crypto along for the ride
Scotland's World Cup return highlights the growing intersection of sports and crypto, potentially reshaping fan engagement and inv...
EDG faces FUT in first match at Masters London Playoffs as Coinbase partnership puts crypto in front of millions
The partnership between Coinbase and Riot Games at Masters London could accelerate mainstream crypto adoption through esports inte...
Monte Esports faces Falcons Esport in IEM Cologne Major showdown as crypto prediction markets quietly heat up
The rise of crypto prediction markets in esports highlights potential regulatory challenges and opportunities for new revenue stre...