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.
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AirBit Club founder gets 12 years in prison over $100M ‘crypto’ mining Ponzi scheme
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.