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US Sentences Fugitive to 20 Years Over $73 Million Crypto Scam
A U.S. court sentenced a crypto scam organizer to 20 years in prison for his role in a $73 million global fraud and laundering scheme, even as he remains a fugitive after fleeing electronic monitoring. A federal judge in California sentenced Daren Li, a dual national of China and St. Kitts and Nevis, in absentia for his role in a global crypto investment scam conspiracy that U.S. prosecutors say targeted American victims through social media, dating platforms, and spoofed trading websites, according to a statement from the Department of Justice's Office of Public Affairs. Prosecutors said co-conspirators built trust ... (full story)
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