Court documents associated with the U.S. Department of Justice and the U.S. Attorney’s Office for the Eastern District of California show that a federal jury has convicted Daniel Chartraw, 53, on multiple cryptocurrency and investment fraud counts. The case involves losses of nearly $1 million and centers on allegations that Chartraw used cryptocurrency trading and investment representations to obtain investor funds.
Crypto-Pal and TDA Global named in the case
According to the court documents, from March 2021 to February 2022, Chartraw and his associates controlled multiple companies, including Crypto-Pal LLC and TDA Global LLC. Chartraw and his agents represented Crypto-Pal as a web-based cryptocurrency trading company and claimed it offered high returns with no risk.
The documents also state that Chartraw repeatedly claimed TDA Global was engaged in supplying aviation fuel to airlines, or that it operated its own cryptocurrency trading platform. These representations formed part of the investment-related conduct described in the case, and the federal jury found Chartraw guilty on multiple counts.
Alias use, principal protection claims and misuse of funds
The court filings say Chartraw used aliases to conceal his prior criminal record. He also used promises of principal protection and high returns to attract victims to invest through the Crypto-Pal platform. After receiving the funds, Chartraw diverted all of the money for his own use, according to the documents.
Chartraw is scheduled to be sentenced on September 28, 2026, by a senior U.S. district judge. Each count carries a maximum penalty of 20 years in prison and a $250,000 fine.