Crypto Miner Gets 3 Years in US Prison for Fraud
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Loading... - Alondra Torres
- 03 Mar 2023
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- He has received a supervised release sentencing.
- He lied under oath to conceal his misdeeds.
The United States justice system has sent Chet Stojanovich to prison for three years for defrauding more than a dozen cryptocurrency mining equipment buyers of over $2 million. Announced on Thursday, the sentencing was set after Stojanovich’s guilty plea last November for one count of wire fraud.
He has been penalised with three years of supervised release sentencing. He was also ordered to forfeit more than $2.15 million and provide restitution of over $2.1 million for the victims.
He has been convicted for fraudulent representations to his customers that he would provide them with specialized cryptocurrency-mining computers and miner-hosting services. He claimed to provide victims with “lucrative hash power” for cryptocurrency mining.
However, Stojanovich did not provide victims with any miner or miner-hosting services and misappropriated their collected money. Read More..
