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.