WuShuo has learned that the U.S. Department of Justice announced Ohio resident Rathnakishore Giri has been sentenced to 9 years in prison and 3 years of supervised release for running a cryptocurrency investment Ponzi scheme. According to court documents, Giri claimed expertise in Bitcoin derivatives trading and promised investors “guaranteed principal and high returns,” defrauding them of over $10 million. He used funds from new investors to pay off earlier ones. Giri pleaded guilty to one count of wire fraud in October 2024, but while awaiting sentencing, he continued soliciting funds from crypto investors, causing additional losses to new victims. https://(wublock123.com)/news/news-61285