The court also ordered to confiscate Golden about $ 2.46 million. According to the US Department of Justice, Golden attracted more than $ 40 million from investors, distributing false promises of guaranteed profit from crypto -actors. Organizations created by Golden worked on the principle of a financial pyramid, since the money attracted from the new investors was used to pay earlier depositors, the Ministry of Justice claims.
Cryptic schemes operated from April to August 2017. After their collapse Golden and his partners, William White and Gregori Aggesen tried to destroy evidence of fraud and provided false information to the regulatory department, assures the state prosecution. The investigation of the case was attended by the American Commission for Trade Futures (CFTC).
Four accused in the case pleaded guilty. White was sentenced to 30 months of imprisonment. The aggles and another defendant in the case – the Marquis Demaking Egerton – expect a sentence. The accusations against it were brought back in 2022.
“Dwayne Golden and his accomplices took advantage of investors’ interest in the latest technologies to earn millions of dollars for themselves. However, Golden did not offer any legal services, and not one of the companies was engaged in cryptototrading, which he convinced the investors, ”said Prosecutor Joseph Nocella.
Recently, the US Ministry of Justice requested a court of confiscation of cryptocurrencies, which are estimated at $ 225.3 million. These assets are associated with fraudulent cryptocurrencies, where more than 400 people lost money.
Source: Bits
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