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Ex-Rugby Star Slammed with Prison Time for $50M Crypto Mining Ponzi Scheme
Ex-Rugby Star Slammed with Prison Time for $50M Crypto Mining Ponzi Scheme
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Another day, another crypto scam—but this one tackles new lows. A former rugby player turned fraudster just got handed a sentence for swindling investors with a fake crypto mining operation. Classic case of 'trust us, the math works' meets 'oops, we spent your Bitcoin on Lambos.'
How it worked: Promised cloud mining returns, delivered cloud cuckoo land. Investors poured millions into what they thought was a cutting-edge operation. Spoiler: It wasn’t.
The fallout? A courtroom reckoning and yet another black eye for crypto’s wild west era. But hey—at least this guy didn’t rug-pull via a DAO. Progress?
Bonus finance jab: If only Ponzi schemes came with APY disclaimers like your average DeFi farm.
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