THELOGICALINDIAN - A US cloister has bedevilled Jerry Ji Guo a citizen of San Francisco to an able six months in bastille for his role in a counterfeit antecedent bread alms ICO In accession to the bastille appellation the cloister ordered Guo to pay over 4 actor in amends Further Guo will additionally abet with the government in the identification and acknowledgment of the baseborn property
Embezzlement of Client Funds
In a statement, the United States Department of Amends (DOJ) says Guo, who pleaded accusable on August 26, 2019, had presented himself “as an ICO adviser and promised his audience he would accomplish business and publicity services.” However, instead of accomplishing his promises, Guo “embezzled the clients’ banknote and cryptocurrency.”
As cloister abstracts show, a U.S. admirable board initially accusable Guo on November 15, 2024, charging him with “eight counts of wire fraud, in abuse of 18 U.S.C. § 1343.” However, the account says Guo alone pleaded accusable to one calculation while the blow of the accuse were dismissed.
Victim Compensation
Meanwhile, in his remarks, the United States Attorney David L. Anderson, suggests that the country’s law administration has now bent up with crypto criminals. He says:
According to the DOJ statement, afterwards Guo’s indictment, the government went on to access a “stipulated appliance for a basic adjustment of forfeiture” on November 14, 2024. Further, the government additionally acquired warrants to appropriate the baseborn banknote and cryptocurrency while a “final adjustment of damage adjoin the baseborn property” was acquired on February 26, 2024.
In the meantime, the DOJ account goes on to say that the Money Laundering and Asset Recovery Section, a basic of the DOJ’s Criminal Division “will use the victim apology action to acknowledgment baseborn acreage to victims.”
Do you anticipate the DOJ will adore agnate success in added ICO artifice cases? Tell us what you anticipate in the comments area below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
