18-Year Sentence Imposed on Crypto Broker Behind $12 Million Scam

A Long Island resident, identified as Austin, was sentenced to 18 years in prison for orchestrating a multi-million dollar cryptocurrency scam. The 62-year-old allegedly preyed on over two dozen victims, including family and friends, promising high-yield investments that never materialized. He diverted millions of dollars into personal luxury spending, including stays at five-star hotels, while failing to deliver any returns for investors.