Cryptocurrency News

Terrible crypto trader gets 42 months for fraud, claiming he was a total gun

05/12/2022

Less than a minute

2022.05.12 10:42

Terrible crypto trader gets 42 months for fraud, claiming he was a total gun

A crypto trader who defrauded over 170 people was sentenced to 42 months in prison on May 11 for operating a series of cryptocurrency funds claiming to make big returns but in reality were losing money and instead operated as a Ponzi scheme.

The DOJ said that 25 year old Jeremy Spence had solicited millions through false representations, “including that Spence’s crypto trading had been extremely profitable when, in fact, Spence’s trading had been consistently unprofitable.”

05/12/2022

Less than a minute

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