Former Rugby player Shane Donovan Moore was punished by two-and-a-half years in a US prisoner for the suffering of more than 40 investors from $ 900,000 in a crypto mining ponzi scheme.
According to a Thursday of the Department of Justice announcementMoore runs the Quantum Donovan LLC from January 2021 to October 2022. Through the company, he reportedly destroyed more than 40 investors over $ 900,000.
While promoting the scheme, Moore claimed that the funds raised would be spent on cryptocurrency mining hardware. He pledged to investors day -to -day returns of 1%.
“Mr. Moore used the freshness of cryptocurrency to make a fraud in age- A ponzi scheme“US lawyer Teal Luthy Miller said.
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The end of a long battle
US Department of Justice Officials Moore will be charged with fraud until March 2024. Authorities say he seized connections “from his rugby activities” to find investors.
Instead of getting the mining hardware, it was reported that Moore used the investor’s money to fund a massive lifestyle. He bought luxury apartments, luggage designers, and electronics, using new investor funds to pay off earlier, typical of Ponzi’s schemes.
US District Judge Tana Lin told Seattle that she had “caused emotional and psychological harm to victims” in addition to financial losses.
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The latest crypto ponzi scheme of many
Moore’s case is far from the single in which the crypto has been to being attracted to the victims in a scam or a Ponzi scheme. In mid -February, a US regulator charged a las vegas with It is said that more than 400 investors from $ 24 million Through a misleading AI-driven crypto mining investment that is a disguised ponzi scheme.
In late January, Antonia Perez Hernandez, a advocate of the forcount Crypto Ponzi scheme who sought a conspiracy to commit wire fraud, was punished In more than two years in prison.
In late 2024, an 86 -year -old former California The lawyer was punished by five The probation of the years and ordered to pay nearly $ 14 million after admitting to conduct a multimillion-dollar crypto ponzi scheme.
Magazine: Anger as $ 1.8B ‘DGCX’ Crypto Scam Ringleader is joking with victims: Asia Express
