Former rugby player sentenced for $900K crypto mining Ponzi
2025-07-18 11:22:34
Main Idea
Former rugby player Shane Donovan Moore was sentenced to 2.5 years in US federal prison for running a $900,000 crypto mining Ponzi scheme that defrauded over 40 investors.
Key Points
1. Shane Donovan Moore operated Quantum Donovan LLC from January 2021 to October 2022, defrauding investors by promising daily returns of 1% on cryptocurrency mining hardware.
2. Moore used investor funds for personal expenses instead of acquiring mining hardware, leveraging his rugby connections to attract victims.
3. US Justice Department officials charged Moore with fraud in March 2024, and he was sentenced by US District Judge Tana Lin in Seattle.
4. Acting US Attorney Teal Luthy Miller described the scheme as exploiting the novelty of cryptocurrency to commit a traditional Ponzi fraud.
5. The case is part of a broader trend of crypto-related scams, including a separate $24 million AI-driven crypto mining fraud and other Ponzi schemes in 2024.
Description
Former rugby player Shane Donovan Moore was sentenced to 2.5 years in US federal prison for running a $900,000 crypto mining Ponzi scheme.
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