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Florida Man Sentenced to 20 Years in Prison Over Crypto Ponzi Scheme

Decrypt LogoDecrypt12h ago

Florida Man Sentenced to 20 Years in Prison Over Crypto Ponzi Scheme - Decrypt

Quick Summary:

Juan Tacuri was sentenced to 20 years in prison on Tuesday following what prosecutors described as an elaborate crypto Ponzi scheme.

The PlusToken scam defrauded investors of $3 billion in 2019, targeting Asian investors with promises of high returns through a crypto wallet and exchange.

Although investors were given access to online portals that purportedly showed accumulating profits, most were unable to withdraw their funds and eventually lost their entire investments.


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Article Details

Author / Journalist: Murtuza Merchant

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 17:37:29 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 584 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Decrypt

News ID: 23092261

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About Decrypt

Decrypt Logo

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 3 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 11 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

Publisher Details

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The story "Florida Man Sentenced to 20 Years in Prison Over Crypto Ponzi Scheme" has 584 words across 25 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Florida Man Sentenced to 20 Years in Prison Over Crypto Ponzi Scheme" was covered 12 hours ago by Decrypt, a news publisher based in Estonia.

How trustworthy is 'Decrypt' news outlet?

Decrypt is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in Estonia and publishes an average of 3 news stories per day.

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

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  • News ID: #23092261
  • URL: https://beamstart.com/news/florida-man-sentenced-to-20-17291030816256

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