DOJ hands 97-month sentence to crypto scammer for $40m Ponzi scheme

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.