According to the *Los Angeles Times*, a 22-year-old man from Newport Beach, California, named Evan Tangeman, has been sentenced by a federal judge to 70 months in prison, along with 3 years of supervised release, for laundering money for a group of young scammers known as the "crypto kids." Prosecutors stated that the group used "social engineering" to impersonate staff from exchanges like Coinbase and Gemini, tricking victims into handing over account information and stealing over $263 million in crypto assets. Tangeman admitted to helping launder at least $3.5 million and assisting in renting luxury properties. His rewards included luxury cars like Lamborghini and Porsche. Law enforcement seized a 2022 Rolls-Royce Ghost and a Porsche GT3 RS from his residence and reported that he instructed accomplices to destroy electronic devices after some members were arrested. https://(wublock123.com)/news/california-man-sentenced-70-months-for-crypto-kids-money-laundering-263m-fraud-60335