Home BlockchainConnecticut Man Faces 375 Years for Gambling Away Crypto Investors' Funds on Stake

Connecticut Man Faces 375 Years for Gambling Away Crypto Investors' Funds on Stake

by Decrypt
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Connecticut Man Faces 375 Years for Gambling Away Crypto Investors' Funds on Stake

In brief

  • A Connecticut man is facing up to 375 years in prison for allegedly gambling away crypto customers’ funds on Stake.
  • Prosecutors say he misled clients by posing as a crypto investor working for a markets guru known as “The Chef.”
  • The man pleaded not guilty this week to 21 wire fraud, money laundering, and false statements charges.

A 24-year-old Connecticut man has been accused by federal prosecutors of taking almost a million dollars from would-be crypto investors and gambling away the funds…

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