Crypto Fraudster Nicholas Truglia Sentenced to 12 More Years for $20 Million Bitcoin Scam Restitution Failure
2025-07-11 02:26:28
Main Idea
Nicholas Truglia, a cryptocurrency fraudster, has been sentenced to an additional 12 years in prison for his involvement in a $20 million fraud scheme using SIM swapping techniques.
Key Points
1. Nicholas Truglia was initially sentenced to 18 months in December 2022 for his role in the fraud.
2. He used SIM swapping techniques to gain unauthorized access to victims' cryptocurrency wallets.
3. The fraudulent activities involved the transfer of $20 million worth of cryptocurrency.
4. Truglia pleaded guilty to conspiracy to commit wire fraud.
Description
Nicholas Truglia, a convicted figure in the cryptocurrency fraud landscape, has been handed an additional 12-year prison sentence for failing to fulfill restitution obligations tied to a $20 million crypto
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