30 Years in Prison for Running a Fraudulent Crypto Scheme | Crypto

30 Years in Prison for Running a Fraudulent Crypto Scheme

The US Department of Justice has charged three Miami residents with defrauding banks and a cryptocurrency platform for over $4 million.

-The men used fake identification to buy digital assets, and then lied to financial institutions that the transactions were not authorized so they could net more money.

-For their crime, the trio faces up to 30 years in Federal prison.

-The American authorities have announced the arrest of the Miami citizens Da Corte, Gonzalez, and Meza.

-Those allegedly bought digital assets from a cryptocurrency exchange using stolen initials and complained to banks that those transactions were carried out without the necessary authorization, asking for a refund.

-Over the course of their crime, they processed more than $4 million in fraudulent reversals, while the undisclosed cryptocurrency exchange lost over $3.5 million worth of digital assets.

-Homeland Security Investigations (HSI) identified the violation and organized the mens arrest.

-The US DOJ charged Da Corte, Gonzalez, and Meza with conspiracy to commit wire and bank fraud and aggravated identity theft.

 

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