Cryptocurrency Scam Co-Founder Faces Decade-Long Sentence and Hefty Penalties

Pablo Rodriguez, co-creator of the notorious AirBit Club, received a 12-year jail term for masterminding a cryptocurrency fraud that parted investors from more than $100 million. Rodriguez had earlier confessed to conspiring in wire fraud in a federal court in the United States this past March. Last September 26, Damian Williams, the Southern District of New Yorks U.S. Attorney, noted that Rodriguez capitalized on less knowledgeable investors. He lured them with dishonest guarantees, assuring them their resources were channelled into genuine crypto trade and mining activities. Contrary to...

source: https://tokenpost.com/Cryptocurrency-Scam-Co-Founder-Faces-Decade-Long-Sentence-and-Hefty-Penalties-10734

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