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A Los Angeles man got 3 years in prison and must pay $26.8 million for scamming investors with fake crypto promises.
A Los Angeles man was sentenced to three years in prison and ordered to pay $26.8 million in restitution for his role in a digital asset investment scam, according to federal court records.
The case, which involved fraudulent promotion of cryptocurrency investments, highlights ongoing enforcement efforts against financial fraud in the rapidly growing digital asset space.
The sentence reflects the government's focus on holding individuals accountable for deceiving investors through misleading claims about returns and project legitimacy.
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Un hombre de Los Ángeles recibió 3 años de prisión y debe pagar $26.8 millones por estafar a los inversores con falsas promesas criptográficas.