DOJ hands 97-month sentence to crypto scammer for $40m Ponzi scheme
Main Idea
Dwayne Golden was sentenced for conspiracy to commit wire fraud and money laundering in connection with a Ponzi scheme, while the DOJ continues to crack down on crypto-related financial crimes.
Key Points
1. Dwayne Golden, along with co-defendants Gregory Aggesen, Marquis Egerton, and William, operated a Ponzi scheme between April and August 2017, using new investor funds to pay earlier investors or enrich themselves.
2. Golden pleaded guilty in September 2024 and was sentenced on June 27 by U.S. District Judge William F. Kuntz II in Brooklyn federal court.
3. Between 2017 and 2022, Golden, Aggesen, and William White allegedly conspired to hinder a Federal Trade Commission probe and a federal grand jury investigation.
4. Co-defendant William White was sentenced to 30 months in prison, and restitution claims are being submitted to the FBI as part of DOJ actions in June.
5. The DOJ recently seized over $225 million in cryptocurrency linked to pig butchering scams and over $7.7 million tied to North Korean operatives in separate cases.
Description
Authorities in the United States have sentenced a man to 97 months in prison for his role in defrauding investors out of more than $40 million via a crypto Ponzi scheme. According to the U.S. Department of Justice, 57-year-old Dwayne Golden was sentenced on June 27 by U.S. District Judge William F. Kuntz II in Brooklyn federal court. Golden had pleaded guilty in September 2024 to conspiracy to commit wire fraud and money laundering. Golden, alongside co-defendants Gregory Aggesen, Marquis Egerto...
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