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New Jersey Man Receives 12-Year Sentence for Using Bitcoin to Pay Chinese Fentanyl Suppliers

New Jersey Man Receives 12-Year Sentence for Using Bitcoin to Pay Chinese Fentanyl Suppliers

Simply put William Panzella has been sentenced to 12 years in prison for his involvement in a drug trafficking operation that illegally brought over a ton of fentanyl-related substances from China into the U.S. This organization utilized wire transfers and Bitcoin, moving hundreds of thousands of dollars to Chinese suppliers while distributing counterfeit drugs across […]

Authorities seek a 12-year prison term for Charlie Javice for deceiving JPMorgan.

Authorities seek a 12-year prison term for Charlie Javice for deceiving JPMorgan.

Prosecutors Seek 12-Year Sentence for Fraudulent Fintech Entrepreneur Federal prosecutors are pushing for a 12-year prison sentence for Charlie Javice, who was once a celebrated figure in the fintech world but was convicted of defrauding JPMorgan Chase out of $175 million. In a strongly worded filing on Monday, prosecutors characterized her scheme as “bold” and […]

Siberian cult leader who asserted he was Jesus receives 12-year prison term

Siberian cult leader who asserted he was Jesus receives 12-year prison term

Siberian Cult Leader Sentenced for Abusing Followers A cult leader in Siberia, who claims to be a reincarnation of Jesus Christ, has been sentenced to 12 years in a Russian prison camp for causing physical and financial harm to his followers. Sergei Trop, also known as “Vissarion,” a name meaning “a person who gives new […]

XRP Wallets With 1M Coins Hit 12-Year Peak as Analysts Forecast Price Surge Over $4

XRP Wallets With 1M Coins Hit 12-Year Peak as Analysts Forecast Price Surge Over $4

XRP Ledger Activity Surges XRP Ledger (XRPL) is experiencing heightened network activity, and that’s generally seen as a positive sign for its native token’s price. Recent data indicates that large holders, or “whales,” are actively accumulating XRP, with addresses holding at least one million coins showing a notable increase. Significant Growth in XRP Ledgers According […]

Celsius founder Alex Mashinsky receives 12-year sentence for “unbank yourself” fraud.

After the incident unfolded, the victim reported feeling unwelcome from Masski and his family, even amid threats of violence and potential public disgrace. Some victims suggested that Masski was aware he would face financial losses yet still encouraged them to invest more, right as things were falling apart. In a victim statement submitted to U.S. […]

Celsius founder receives a 12-year prison sentence.

The founder and former CEO of the Cryptocurrency Lending Platform Celsius Network has received a 12-year prison sentence. Prosecutors characterized him as having exploited vulnerable clients. Alexander Masski, aged 59, was sentenced by US District Judge John G. Kortle. The judge described the crime as very serious, noting that many clients lost everything and suffered […]

Crypto leader Alex Mashinsky receives a 12-year prison sentence for Celsius fraud.

Alex Masski, the founder and former CEO of Celsius Network, which recently went bankrupt, received a 12-year prison sentence on Thursday after admitting to securities and product fraud back in December. This sentence was handed down by US District Judge John Cortre in Manhattan and marks one of the most prolonged criminal cases linked to […]