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The man on the middle of the massive scheme of Krypto Ponzi spends almost eight years behind bars after the federal judge issued a 97 -month imprisonment in Brooklyn on Friday.
Dwayne Golden, 57, was convicted of fraud with wires and money laundering for its role in organizing fraud through three companies of digital assets, empowercoin, ecoinplus and jet-coin that cheated investors from more than $ 40 million, Ministry of Justice (DO) notified.
Federal prosecutors said Golden and his partners promised guaranteed revenues from crypto trading, which never occurred. Instead, the funds were transferred to repayment of earlier investors or lined the pockets of conspirators, classic features and Ponzi scheme.
The companies folded shortly after the collection of investors’ deposits and the victims came from severe losses.
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False crypto business firms
Fraud worked from April to August 2017. Golden, along with Gregory Aggesen and Marquis Egerton (also known as Mardy Eger), were falsely launched as international crypto traders.
After their companies collapsed, Golden and his fellow citizens tried to defend the federal commercial commission and the federal investigation of a large jury, including the destruction of evidence and providing false information.
“Golden and his co -defendants did not offer any legitimate services, and none of the companies dealt with any real cryptocurrency trading, as they claimed,” said Joseph Nocella, and described. Scheme as an exploitation of excitement from the investor above the new technology.
Golden was also ordered to fall about $ 2.46 million. Co -defeated William White has received a 30 -month sentence while Aggesen and Egerton are waiting for convictions.
FBI director’s assistant Christopher Raia has described a conspiracy “sophisticated scheme rooted in fraud and false promises to cheat on investors.” He stressed that Golden’s Actions showed “complete ignorance of integrity” and appreciated the punishment as warning to other future fraudsters.
He asked investors who have suffered losses from the regime to submit restitution demands through the FBI specialized portal.
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Five Guilt for crypto fraud of $ 37 million
In a similar incident, the beginning of this month, five men confessed to the guilty for organizing $ 36.9 million Krypto fraud that cheated on Americans and transferred funds to a crypto fraud center in Cambodia.
The defendants focused on victims through social media, applications for sending messages and dating platforms, and attracted them with false promises of profitable crypto investment.
So far in 2025, Was stolen from $ 2.1 billion In the incidents related to the cryptomist, with most losses lossed to the compromises of the wallet and the key wrong proceedings, said co -founder Certik Ronghui Gu.
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