A Crypto Fraudster Indicted On Nine Counts

A Crypto Fraudster Indicted On Nine Counts

Nine counts, wow! That’s quite a collection. The alleged fraudster is an owner of the investment company CabbageTech. I’m laughing because even the name is fucking suggestive – it screams for being renamed into a GarbageTech.

The official statement is beautifully compact: “As alleged, the defendant defrauded investors by making false promises and sending them fraudulent balance statements, hiding the fact that he was stealing their money for his personal use.”

In real-world language, this means that the guy was pretending to be an experienced crypto trader, skillful enough to buy/sell crypto on investors’ behalf. And he was at it from November 2014 to January 2018. Now he faces 20 years in prison. Life is a bitch, man.