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Owner of cryptocurrency companies sentenced in US to prison for fraud

( June 27, 2025, 20:21 GMT | Official Statement) -- MLex Summary: Dwayne Golden has been sentenced in the US to 97 months in prison for conspiracy to commit wire fraud and money laundering over his role in a conspiracy to offer fraudulent investments in digital assets, the US Department of Justice said. Golden and his co-conspirators raised more than $40 million from investors based on false promises of guaranteed returns from trading in digital assets, prosecutors said. In fact, the defendants’ businesses operated as Ponzi schemes and used the money to repay existing investors or to benefit themselves.Statement follows below:...

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