Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

A cryptocurrency scammer was sentenced to 8 years in prison for defrauding eEmpowerCoin and ECoinPlus worth $40 million.

robot
Abstract generation in progress

Dwayne Golden, 57 years old, has been sentenced to 97 months in prison for participating in a large-scale cryptocurrency Ponzi scheme that caused investors to lose more than $40 million. Golden was convicted of online fraud and money laundering through three digital companies: EmpowerCoin, ECoinPlus, and Jet-Coin. Prosecutors stated that he and his accomplices promised profits from cryptocurrency transactions that never occurred; instead, the funds were used to pay off earlier investors or enrich the scammers. After the companies collapsed, Golden and his accomplice attempted to obstruct the investigation. He was also ordered to forfeit approximately $2.46 million. The DOJ has urged victims to file claims for restitution through the FBI’s portal.

Crypto scammer sentenced to 8 years in prison for defrauding eEmpowerCoin, ECoinPlus worth 40 million dollars

B-14.39%
LA-0.47%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)