Sentencing

Hollywood

2026-07-22 20:35:14

Hollywood Director Who Embezzled Netflix Millions to Go All-In on Dogecoin Sentenced to 30 Months

Carl Rinsch, director of '47 Ronin', was sentenced to 30 months in federal prison for defrauding Netflix of $11 million, using $4 million to buy Dogecoin, netting $27 million, then splurging on luxury cars and watches.

1760

UK

2026-07-17 01:40:58

UK gang that posed as police to steal $5.4 million in crypto sentenced

A UK gang that posed as police officers and ran a fake police website has been sentenced after stealing $5.4 million worth of cryptocurrency, according to Protos. The group used phone calls to convince crypto holders to move funds into so-called "safe accounts." Three members were sentenced this week: 23-year-old Hamza Bashir received six years and nine months, while 25-year-old Kevin Nwamma and 29-year-old Anthony Ikenwe were each sentenced to 11 years. Police said the stolen funds were spent on luxury goods, including a £60,000 car, holidays to Thailand and Japan, and purchases from Harrods, Hermès, Louis Vuitton, and Rolex. Officers also found £500,000 in cash in a safe and said most of the stolen cryptocurrency had been converted into payment cards. The Metropolitan Police traced the gang after receiving a victim report in January 2025.

1990

crypto fraud

2026-07-10 12:00:13

Dual Nationals Get 20 Years for $73M Crypto Fraud, Fugitive Remains at Large

Daren Li, a dual national of China and St. Kitts and Nevis, was sentenced to 20 years for a $73 million crypto investment fraud. He fled in December 2025 and remains a fugitive. International extradition efforts are ongoing.

1870

FTX

2026-07-09 21:52:13

FTX Founder Sam Bankman-Fried Sentenced to 25 Years, $11B Forfeiture

Sam Bankman-Fried receives 25 years and $11 billion forfeiture for FTX fraud. Judge rejects leniency, victims share losses. Crypto community compares with Ross Ulbricht, questioning sentencing disparity.

550

CZ

2026-07-09 05:20:26

CZ Breaks Silence After Sentencing: 'I Will Do My Time, Compliance Is Super Important'

Former Binance CEO Changpeng Zhao (CZ) addressed the crypto community after receiving a 4-month prison sentence for money laundering, expressing gratitude, accepting responsibility, and emphasizing that compliance is critical as the industry enters a new phase.

340

Bitcoin Ponzi

2026-07-09 04:02:42

PGI Founder Sentenced to 20 Years for $201 Million Bitcoin Ponzi Scheme

Ramil Ventura Palafox, CEO of Praetorian Group International, was sentenced to 20 years for a global Bitcoin Ponzi scheme defrauding over 90,000 investors of more than $201 million, with actual losses of $62.6 million.

400

Bitcoin

2026-07-09 03:56:17

PGI Founder Sentenced to 20 Years for $201 Million Bitcoin Ponzi Scheme

Ramil Ventura Palafox, CEO of Praetorian Group International, received a 20-year prison sentence for orchestrating a global Bitcoin Ponzi scheme that defrauded over 90,000 investors of more than $201 million.

440

Bitcoin

2026-07-09 03:54:13

PGI Founder Gets 20 Years for $201M Bitcoin Ponzi Scheme

Ramil Ventura Palafox, founder of Praetorian Group International, was sentenced to 20 years in prison for operating a global Bitcoin Ponzi scheme that defrauded over 90,000 investors of more than $201 million.

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