Ex-Rugby Player Sentenced For $900K Crypto Mining Ponzi Scheme
2025-07-18 05:29:01
Main Idea
Shane Donovan Moore defrauded over 40 investors out of more than $900,000 through a crypto mining Ponzi scheme, exploiting personal trust and promising unrealistic returns.
Key Points
1. Shane Donovan Moore operated Quantum Donovan LLC from January 2021 to October 2022, defrauding investors by falsely claiming funds would be used for crypto mining rigs generating 1% daily returns.
2. Moore targeted fellow rugby players across multiple states, exploiting personal relationships to recruit victims who lost over $387,000 collectively.
3. Acting U.S. Attorney Teal Luthy Miller described the scheme as exploiting the novelty of cryptocurrency to commit a traditional Ponzi fraud.
4. Moore was sentenced to 30 months in federal prison, with the judge noting the emotional and reputational harm inflicted on victims.
5. The case is part of a broader crackdown on crypto fraud, with over $2.17 billion stolen in 2025 alone, surpassing 2024 totals.
Description
Shane Moore targeted fellow rugby players with promises of 1% daily returns, then spent their money on luxury apartments and designer goods.
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