Russian Duo—Mother & ’Crypto Guru’—Get Slammed with Jail Time for $23M Bitcoin Scheme
Another day, another crypto scam—except this one comes with a side of family drama.
Meet the 'Dynamic Duo': A Russian mother and her self-proclaimed crypto whiz kid just got handed prison sentences for swindling investors out of $23 million in Bitcoin. Because nothing says 'trust us' like a parent-child fraud team.
How They Pulled It Off: Promised sky-high returns, delivered handcuffs. Classic.
The Aftermath: Jail cells replace moon lambos. Meanwhile, the SEC probably high-fived over another case closed.
Bonus Finance Jab: If only traditional banks could jail their bad actors this fast—maybe we’d have fewer bailouts.
Russia and crypto
Meanwhile, blockchain investigations have uncovered Russia’s growing reliance on cryptocurrency to fund intelligence operations.
A recent Reuters probe revealed how Russia’s Federal Security Service (FSB) used bitcoin to pay teenage and untrained spies across Europe.
Earlier this month, U.S. authorities charged Ian Mausner with running a $500 million crypto fraud scheme, alleging he misled investors and funneled funds into Russian-linked markets while concealing ties that could violate international sanctions.
