Ohio Man Gets 9 Years for $10M Bitcoin Trading Ponzi Scheme

Decrypt·

Ohio Man Gets 9 Years for $10M Bitcoin Trading Ponzi Scheme

60-second summary

Rathnakishore Giri is sentenced to 9 years in prison for operating a $10M Bitcoin trading Ponzi scheme. He falsely promised guaranteed returns on Bitcoin derivatives trading, using new investor funds to pay earlier participants.

Rathnakishore Giri falsely promised guaranteed returns on Bitcoin derivatives trading, using new investor funds to pay earlier participants.