ChainCatcher reports that, according to market sources, 24-year-old Connecticut man Elmin Redzepagic faces up to 375 years in prison for allegedly embezzling nearly $1 million in cryptocurrency investor funds to gamble on the Stake platform.
Prosecutors accuse him of impersonating a cryptocurrency investment expert working under the name “The Chef,” promising clients high returns but actually using the funds for gambling. Last month, a federal grand jury indicted him on 21 charges, including seven counts of wire fraud, eleven counts of international money laundering, and three counts of making false statements to IRS criminal investigators. This Thursday, Redzepagic pleaded not guilty to all charges and was released on a $500,000 bond.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ZachXBT: An investigation report on insider trading by employees of a certain crypto company will be released on February 26.
Odaily Planet Daily reports that on the X platform, on February 26, ZachXBT, an on-chain detective, announced the release of a major investigative report targeting a highly profitable company in the crypto industry. The report reveals that several employees of the company have been abusing internal data for insider trading over an extended period.
GateNewsBot1h ago
Sydney Man Charged Over Alleged $3.5 Million Crypto Scam Targeting Elderly Australians
A 42-year-old man from Sydney has been charged over his alleged involvement in a $3.5 million (A$5 million) crypto investment scam that reportedly targeted more than 190 elderly and vulnerable Australians. The case comes as authorities across the country intensify efforts to combat the growing
ICOHOIDER2h ago
Australian Police Charge Man Over $3.5M Crypto Investment Scam Targeting Elderly Victims
In brief
NSW Police have charged a 42-year-old man over an alleged $3.3 million crypto investment scam targeting 190 elderly Australians.
Victims were directed to a platform called “NEXOpayment,” where funds were allegedly funneled through multiple crypto wallets in suspected laundering
Decrypt3h ago
Lawyer John Deaton opposes SBF's pardon, dismisses the scenario of FTX reaching $78 billion
John Deaton, a prominent crypto lawyer and U.S. Senate candidate, strongly opposes any leniency for former FTX CEO Sam Bankman-Fried, dismissing claims that FTX could have a net worth of $78 billion by 2025. Deaton emphasizes that court rulings and real creditor losses outweigh speculative recovery scenarios.
TapChiBitcoin5h ago
JPMorgan Chase admits to ending banking relations with Trump after the January 6 Capitol riot in 2021
JPMorgan Chase admits to terminating its banking relationship with Trump after the 2021 Capitol riot, prompting his family to enter the cryptocurrency space. The former CEO confirmed in court that the related accounts were frozen, and Trump filed a lawsuit for political reasons, claiming $5 billion in damages.
TechubNews7h ago
