πMario Nawfal:
π¨πΊπΈ U.S. COURT ORDERS $36 MILLION RESTITUTION FOR CRYPTO FRAUD SCHEME
William Koo Ichioka has been ordered to pay over $36 million in restitution and penalties after being found guilty of running a fraudulent cryptocurrency and foreign exchange investment scheme from 2018 to 2021.
Ichioka promised investors 10% returns every 30 business days but diverted funds for personal use, including luxury purchases.
He was sentenced to 48 months in prison, with additional penalties from the Commodity Futures Trading Commission (CFTC) and permanently banned from trading in CFTC-regulated markets.
Source: Crypto News
https://x.com/MarioNawfal/...
π¨πΊπΈ U.S. COURT ORDERS $36 MILLION RESTITUTION FOR CRYPTO FRAUD SCHEME
William Koo Ichioka has been ordered to pay over $36 million in restitution and penalties after being found guilty of running a fraudulent cryptocurrency and foreign exchange investment scheme from 2018 to 2021.
Ichioka promised investors 10% returns every 30 business days but diverted funds for personal use, including luxury purchases.
He was sentenced to 48 months in prison, with additional penalties from the Commodity Futures Trading Commission (CFTC) and permanently banned from trading in CFTC-regulated markets.
Source: Crypto News
https://x.com/MarioNawfal/...
6 days ago
