New York Man Arrested for Alleged $1.8M Crypto Mining Scam

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New York Man Arrested for Alleged $1.8M Crypto Mining Scam
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The NewYorkFBI has arrested a 37-year-old New York man who allegedly defrauded would-be buyers of crypto mining equipment out of $1.8 million, instead blowing funds on private jet flights, online gambling and lavish parties. cheyenneligon reports

The Federal Bureau of Investigation arrested a 37-year-old man on Wednesday it says defrauded more than a dozen victims out of a total of $1.8 million in a long-running crypto mining scam.

with running a series of schemes, including a fake crypto mining operation that bilked five investors out of $550,000, half of which he spent on himself at casinos, restaurants, and hotels.BitClub Ponzi scheme Stojanovich allegedly purchased a total of 72 S9 Miners from Amazon, and two other miners from eBay, which he largely used as props in the scheme.

The FBI alleges that “the trip ended abruptly, in Buffalo, New York, where Stojanovich abandoned [the customer] at the airport and stated in substance and part that he would not pay any refund.”

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