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EmpiresX 'head trader' to face 4 years of prison over $100M crypto 'Ponzi'

Coin Telegraph LogoCoin Telegraph2 mo ago

EmpiresX 'head trader' to face 4 years of prison over $100M crypto 'Ponzi' - Coin Telegraph

Quick Summary:

Two other associates that helped run the U.S.-based fraudulent crypto platform EmpiresX left the country early this year and are believed to be in Brazil.

Investors were also told EmpiresX was registered with the SEC as a hedge fund and that Nicholas was a licensed trader.

At the same time, fraud charges were leveled against the trio by the Securities and Exchange Commission (SEC) which said investor money was used to “lease a Lamborghini, shop at Tiffany & Co., make a payment on a second home, and more.


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EmpiresX 'head trader' to face 4 years of prison over $100M crypto 'Ponzi' - Coin Telegraph (Picture 1)

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Article Details

Author / Journalist: Cointelegraph By Jesse Coghlan

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-01 @ 02:29:38 (2 months ago)

News Timezone: GMT -5:00

Ranking: #258 (out of 6327 stories this day)

News Source URL: cointelegraph.com

Language: English

Article Length: 401 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 2070610

View Article Analysis

About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 13 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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The story "EmpiresX 'head trader' to face 4 years of prison over $100M crypto 'Ponzi'" has 401 words across 12 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "EmpiresX 'head trader' to face 4 years of prison over $100M crypto 'Ponzi'" was covered 2 months ago by Coin Telegraph, a news publisher based in United States.

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Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 13 news stories per day.

It's most recent story was published 11 hours ago.

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  • News ID: #2070610
  • URL: https://beamstart.com/news/empiresx-head-trader-to-face-16698622025563

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