cryptonews: Crypto Ponzi schemer Joshua David Nicholas has been sentenced to four years in federal prison following a guilty plea in the EmpiresX cryptocurrency platform scam.
Joshua David Nicholas has been sentenced to four years in federal prison following a guilty plea in the EmpiresX cryptocurrency platform scam.
An artificial intelligence powered trading bot — as well as the company's traders' skills — would generate guaranteed returns for EmpiresX investors, they were told. "As with any emerging technology, those who invest in cryptocurrency must beware of profit-making opportunities that appear too good to be true."— made famous by John Oliver on Last Week Tonight — reaped a total of $12.3 billion.In June the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission also filed simultaneous lawsuits against the trio, alleging they amassed $41.6 million from 12,500 investors. That included 2,300 from the U.S., who invested $14.
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