Crypto Scammer Gets 12-Year Sentence After Failing to Repay Victim

2025-07-11 10:46:15

Main Idea

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Key Points

1. Floppapepe ($FPPE) is described as an AI meme token.

2. The token is marketed with a lunar theme, suggesting high returns ('lunar gains').

3. The content urges potential investors to secure their spot quickly ('before it's too late').

Description

Nicholas Truglia, a convicted crypto scammer, has had his prison sentence extended to 12 years after failing to repay more than $20 million to his victim, crypto investor and Transform Group CEO Michael Terpin. Truglia, who was initially sentenced to 18 months in prison in 2022 for a SIM-swapping scam, faced the new sentence on Thursday after a federal court found he had evaded his restitution obligations. According to Bloomberg, Judge Alvin Hellerstein’s July 2 order stated that Truglia “demons...

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