US DOJ secures a 20-year prison sentence against a scheme operator in a $73M global cryptocurrency investment scam that defrauded victims and laundered illicit proceeds

The scheme involved fraudulent online investment platforms, social-media and dating-app outreach to build trust with victims, and the use of shell companies, bank accounts, wire transfers, and cryptocurrency transactions to move and conceal stolen funds. The defendant, who pleaded guilty to conspiracy to commit money laundering, is currently a fugitive after removing his electronic monitoring…