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by: xpoolPosted on: April 25, 2025

Crypto Fraudster Faces 18 Years in Prison: $12 Million Scam Sentence

A significant legal development has highlighted the ongoing efforts to combat illicit activity within the cryptocurrency sector. Eugene William Austin Jr., convicted of defrauding investors out of $12 million, has been sentenced to 18 years in prison. This case underscores the increasing focus on crypto-related fraud investigations by law enforcement agencies.

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  3. Nigerian Court Approves Arrest of Six Over Crypto Bridge Exchange Fraud
  4. Fed Revokes Crypto Restrictions for Banks: A Major Shift in Regulatory Approach
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