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Created: 2026/05/29 16:28

Updated: 2026/06/10 17:47

'I get it now': Anthony Scaramucci reveals epiphany he had thanks to 'not well' Trump

Anthony Scaramucci, who lasted about eleven days as President Donald Trump's communications director in 2017, says he finally understands a children's story that

Author: Rawstory

2026/06/28

Massive 2,000-Year-Old Luxurious Roman Bathhouse Uncovered In The Netherlands

Massive 2,000-Year-Old Luxurious Roman Bathhouse Uncovered In The Netherlands Authored by Maria Mocerino via Interesting Engineering, The largest

Author: ZeroHedge

2026/06/22

Trump forgot to bring Iran deal to signing — leaving Rubio scrambling for printer: report

Secretary of State Marco Rubio scrambled for a printer inside the Palace of Versailles after President Donald Trump went to the sign his Iran deal — without bringing

Author: Rawstory

2026/06/20

Dazzled Trump blares plans for China-style statue gardens: 'Serious dictator envy'

President Donald Trump apparently departed China with his head buzzing with the splendor he encountered on his state visit.As he sat on Air Force One on his way

Author: Rawstory

2026/05/15

What’s the Most Popular Season to Get Married in the Pacific Northwest?

Weddings in the Pacific Northwest carry a unique appeal, offering a blend of natural wonders and rustic charm for couples who want to host a memorable celebration

Author: Techbullion

2026/03/08

CGTN Art Series | Digital expo China Crafted wins hearts at ART SG

SINGAPORE, Jan. 23, 2026 /PRNewswire/ — CGTN launched China Crafted, the latest season of its CGTN Art Series, alongside a curated display of the previous three

Author: AI Journal

2026/01/23

HashFlare Ponzi Founders Get Time Served for $577M Crypto Scheme, Escape Additional Jail

Two Estonian nationals avoided additional prison time for orchestrating one of crypto’s largest Ponzi schemes (HashFlare) after receiving sentences matching the 16 months they already served in custody. Sergei Potapenko and Ivan Turõgin, both 40, were sentenced by U.S. District Judge Robert S. Lasnik for their roles in the $577 million HashFlare fraud that victimized hundreds of thousands of investors worldwide between 2015 and 2019. U.S. District Judge Robert S. Lasnik ordered each defendant to pay $25,000 in fines and to complete 360 hours of community service during their supervised release in Estonia. The sentencing incorporated forfeiture of over $450 million in seized assets for victim compensation, while prosecutors sought ten-year prison terms and are considering an appeal. Sergei Potapenko and Ivan Turõgin (Source: Postimees ) The $577 Million Mining Mirage HashFlare marketed itself as a crypto mining service selling contracts that promised customers shares of profits from blockchain validation activities. Court documents revealed the operation used fake online dashboards showing false mining activity while lacking the computing capacity to mine the vast majority of the claimed cryptocurrency. The duo’s equipment performed Bitcoin mining at less than one percent of its purported computing power, according to the Justice Department’s official press release . When investors requested withdrawals, Potapenko and Turõgin either resisted payments or used newly purchased cryptocurrency rather than actual mining rewards. The defendants diverted millions to purchase real estate, luxury vehicles, expensive jewelry, and over a dozen chartered private jet trips while victims suffered major losses. Their scheme extended beyond HashFlare to include Polybius Bank, a fictitious “virtual currency bank” that raised $25 million through a 2017 ICO but never operated as an actual financial institution. The 2023 arrests triggered complex extradition proceedings before Estonia approved their transfer to face U.S. charges in early 2024. Both men pleaded guilty to conspiracy to commit wire fraud in February , agreeing to forfeit over $400 million in assets while facing a maximum 20-year sentence. ⚠️Two Estonian nationals pleaded guilty in the US to operating “a massive, multi-faceted crypto Ponzi scheme that victimized hundreds of thousands of people” globally. #Crypto #CryptoScam #Fraud https://t.co/86BnJd3fj9 — Cryptonews.com (@cryptonews) February 14, 2025 “These defendants were operating a classic Ponzi scheme, involving a glitzy asset: a mirage of cryptocurrency mining,” said Acting U.S. Attorney Teal Luthy Miller. Lenient Sentences Defy Emerging Pattern of Harsh Crypto Penalties The HashFlare defendants’ 16-month sentences appear inconsistent with an intensifying judicial trend toward severe punishment for cryptocurrency crimes, regardless of a scheme’s size or complexity. For instance, Nicholas Truglia’s sentence jumped from 18 months to 12 years for a $22 million SIM-swapping scheme after he failed to pay restitution, with the judge condemning his “splendor” lifestyle while owing victims millions. Similarly, former rugby player Shane Moore was sentenced to 30 months for a $900,000 mining fraud, receiving nearly double the HashFlare defendants’ custody time for a scheme worth less than 0.2% of their operation. The sentencing disparity becomes more pronounced when compared with non-crypto financial fraud cases, where defendants typically receive years-long sentences for schemes involving far smaller amounts than HashFlare’s half-billion-dollar operation. Mohammed Azharuddin Chhipa received 30 years for funneling $185,000 in cryptocurrency to ISIS operatives, a sentence nearly twenty times longer than HashFlare’s founders despite involving vastly smaller amounts. The contrast also extends beyond specific cases to prosecutorial approach, with Dwayne Golden receiving eight years for a $40 million Ponzi scheme and prosecutors seeking 20 years for former Celsius CEO Alex Mashinsky in a $550 million fraud case. ⚖️ Celsius founder Alex Mashinsky was sentenced to 12 years in prison for defrauding investors with false promises of high crypto returns. #Celsius #AlexMashinsky https://t.co/R4syyDiKaU — Cryptonews.com (@cryptonews) May 9, 2025 Legal experts question whether the defendants’ cooperation, asset forfeiture, or other undisclosed factors influenced the unusually lenient outcome for such a massive international fraud. However, the Justice Department’s consideration of an appeal suggests internal disagreement with the sentence’s proportionality, though appeals of criminal sentences face high legal hurdles and uncertain outcomes.

Author: CryptoNews

2025/08/14

Crypto Scammer’s Sentence Jumps from 18 Months to 12 Years in $20M Fraud Case

A man convicted in a $22 million crypto fraud scheme saw his prison sentence sharply increased after failing to repay the money he owed his victim. Nicholas Truglia, 27, who was initially sentenced to 18 months, received a new 12-year sentence on Thursday in a New York federal court. U.S. District Judge Alvin Hellerstein ordered the increase after ruling that Truglia had willfully ignored his obligation to pay back nearly $20.4 million in restitution. “You paid not a cent, not one cent,” Judge Hellerstein told Truglia during the hearing. The judge further ordered an added 3-month supervised release while noting Truglia’s lifestyle. “You didn’t have a job, but you lived in splendor,” Judge Hellerstein said. Judge Slams Crypto Fraudster’s Lavish Lifestyle in SIM-Swap Sentencing According to the report from Bloomberg, Truglia’s legal team argued the new sentence was unlawful. His attorney, Mark Gombiner, said in court that the punishment was “an extraordinary abuse of discretion” and confirmed plans to appeal. #breaking for real: Hacker Truglia sentenced to 12 years, more than double the guideline of 51 to 63 months, for not paying his $20 million restitution. Video of him speaking behind a mask cited and used. Appeal to follow – but remand to Marshals about to occur https://t.co/tWBdzgd4zT — Inner City Press (@innercitypress) July 10, 2025 Arrested in the California Bay Area in 2018, Truglia pleaded guilty in 2021 to participating in a scheme that involved hijacking a victim’s phone number through SIM swapping and draining their crypto accounts. The hackers exploited a telecom employee to gain control of Michael Terpin’s phone number. Terpin, a blockchain investor and CEO of Transform Group, suffered a loss of $24 million due to this scheme. Notably, Truglia was tasked with converting stolen cryptocurrency into Bitcoin. In 2019, Terpin filed a civil lawsuit for $75 million against the scammer and was awarded the full amount in damages by the court. That same year, he also took legal action against AT&T, his wireless carrier at the time, filing a $224 million lawsuit for their negligence. Their failure to secure his cell phone allowed the hackers to compromise it, resulting in his loss. At the time of his initial sentencing, prosecutors revealed that Truglia held more than $50 million in assets, including cryptocurrency, luxury goods, and fine art. Gombiner told the court that his client had turned over all assets he could access, including funds from a Wells Fargo account. Truglia claimed that much of his wealth remained locked in an inaccessible Bitcoin wallet. He told the judge he would repay the victim if he could access the funds. Terpin, who joined the hearing by phone, rejected that explanation, calling it “a giant smoke screen.” U.S. Ramps Up Enforcement as Crypto Crimes Lead to Decades-Long Sentences In the U.S., crypto crimes continue to result in severe penalties. On May 23, Trung Nguyen, a Massachusetts man who ran an unlicensed cash-to-Bitcoin business, was sentenced to six years in federal prison . His company, disguised as a vending machine operator, processed over $1 million in illicit cash, including funds for a known methamphetamine dealer. Nguyen, who used the alias “DCS420,” was convicted in 2024 for money laundering and failing to register with FinCEN. Just two weeks earlier, on May 9, Mohammed Azharuddin Chhipa received a 30-year sentence for sending crypto to ISIS operatives . U.S. prosecutors revealed that between 2019 and 2022, Chhipa funneled more than $185,000 to the terrorist group, funding fighters and prison escapes. 👨‍⚖️ A federal judge sentenced Chhipa to over 30 years for funding ISIS through cryptocurrency, supporting fighter salaries, and prison breaks. #DOJ #CryptoCrime https://t.co/74BdhgaEjh — Cryptonews.com (@cryptonews) May 9, 2025 His use of burner phones and fake identities ultimately failed to hide his tracks. He was caught attempting to flee and intercepted on an Interpol notice. Meanwhile, the U.S. Department of Justice is pushing for a 20-year sentence for Alex Mashinsky, the former CEO of Celsius. Prosecutors say Mashinsky’s fraudulent practices cost investors $550 million, describing his actions as deliberate and self-serving. ⚖️ Celsius founder Alex Mashinsky was sentenced to 12 years in prison for defrauding investors with false promises of high crypto returns. #Celsius #AlexMashinsky https://t.co/R4syyDiKaU — Cryptonews.com (@cryptonews) May 9, 2025 He pled guilty in late 2024 after Celsius collapsed in mid-2022, freezing $4.7 billion in customer funds. These back-to-back cases underscore mounting pressure from courts and regulators to address crypto misuse, whether through scams, market abuse, money laundering, or terrorism financing.

2025/07/11

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Splendor

'I get it now': Anthony Scaramucci reveals epiphany he had thanks to 'not well' Trump

Massive 2,000-Year-Old Luxurious Roman Bathhouse Uncovered In The Netherlands

Trump forgot to bring Iran deal to signing — leaving Rubio scrambling for printer: report

Dazzled Trump blares plans for China-style statue gardens: 'Serious dictator envy'

What’s the Most Popular Season to Get Married in the Pacific Northwest?

CGTN Art Series | Digital expo China Crafted wins hearts at ART SG

HashFlare Ponzi Founders Get Time Served for $577M Crypto Scheme, Escape Additional Jail

Crypto Scammer’s Sentence Jumps from 18 Months to 12 Years in $20M Fraud Case

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