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AirBit Club lawyer, promoters sentenced to prison over $100M digital asset scam
The two promoters got five and one year behind bars, respectively, while lawyer Scott Hughes, who laundered the proceeds for AirBit Club, got 18 months.
The two promoters got five and one year behind bars, respectively, while lawyer Scott Hughes, who laundered the proceeds for AirBit Club, got 18 months.
Marco Ochoa ran IcomTech, luring investors with promises of guaranteed profits from ‘crypto’ trading and mining, but spent the money on a lavish lifestyle.
AirBit Club lured investors with promises of guaranteed profits from BTC mining and trading, but the money went to lavish mansions, travel, and luxury cars.
Victims saw the red flag in the operation of AirBit Club after all attempts to withdraw their funds failed, cementing their instinct that the firm was a Ponzi scheme.
Gutenberg Dos Santos will now stand trial in a New York court together with four others who were arrested in the United States.
The suspects reportedly operated AirBit Club, a scam that allegedly defrauded its investors of over $20 million.