Close Menu
Cryprovideos
    What's Hot

    BlockDAG Goes World Whereas AVAX Eyes $50 and BNB Holds $1,000: Which Is the Prime Crypto to Purchase In the present day?

    September 27, 2025

    Research Finds Chimpers The Most Adopted NFT On Social Media

    September 27, 2025

    Tether Eyes $500B Valuation Amid Explosive Stablecoin Market Development – BeInCrypto

    September 27, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Ex-Rugby Participant Sentenced For $900K Crypto Mining Ponzi Scheme – Decrypt
    Ex-Rugby Participant Sentenced For 0K Crypto Mining Ponzi Scheme – Decrypt
    Crypto News

    Ex-Rugby Participant Sentenced For $900K Crypto Mining Ponzi Scheme – Decrypt

    By Crypto EditorJuly 18, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Ex-Rugby Participant Sentenced For $900K Crypto Mining Ponzi Scheme – Decrypt

    Briefly

    • Shane Donovan Moore, a former semi-pro rugby participant, was sentenced to 30 months in jail for defrauding over 40 traders out of $900,000 by a faux crypto mining scheme.
    • Moore promised 1% day by day returns from mining gear that didn’t exist, utilizing investor cash to fund a lavish way of life and repay earlier victims in typical Ponzi trend.
    • Choose Tana Lin explicitly talked about the emotional and psychological injury Moore prompted to his victims.

    A former semi-pro rugby participant who promised traders day by day returns from a crypto mining enterprise that by no means existed has been sentenced to 2 and a half years in federal jail.

    Shane Donovan Moore operated Quantum Donovan LLC from January 2021 to October 2022, throughout which he defrauded over 40 traders out of greater than $900,000, in response to the Division of Justice’s Thursday assertion.

    Moore claimed the funds can be used to buy crypto mining rigs that may generate 1% day by day returns. 

    However as an alternative of shopping for mining rigs, he funneled investor cash into his private accounts to fund a lavish way of life, reminiscent of shopping for luxurious flats, designer baggage, and electronics, whereas utilizing some funds to pay earlier traders and maintain the Ponzi rip-off working.

    “Moore used the novelty of cryptocurrency to commit an age-old fraud—a Ponzi scheme,” Performing U.S. Lawyer Teal Luthy Miller stated. “He left a path of broken relationships in his wake.”

    The 37-year-old Seattle rugby participant focused fellow rugby gamers throughout Washington, Utah, Oregon, Connecticut, and New Jersey, exploiting private belief to recruit victims who misplaced greater than $387,000 in whole.

    To take care of the phantasm, Moore used among the investor cash to buy crypto and repay small sums to early contributors, which helped recruit extra victims, in response to the assertion.

    U.S. District Choose Tana Lin famous throughout sentencing that Moore “prompted emotional and psychological injury to the victims” past monetary hurt.

    “These scams run on false hope and excessive returns,” Karan Pujara, founding father of the rip-off protection platform ScamBuzzer, beforehand advised Decrypt. “The one factor that adjustments is the face of the scammer… and the sufferer, who’s grasping sufficient to YOLO their life financial savings.”

    Over $2.17 billion in crypto has already been stolen this 12 months, surpassing all of 2024, in response to blockchain evaluation agency Chainalysis’ 2025 Mid-12 months Crypto Crime Report.

    Moore’s sentencing comes amid a broader crackdown on crypto funding fraud. 

    Simply final month, two executives behind OmegaPro had been charged with working a $650 million world Ponzi disguised as a forex-crypto platform. 

    Like Moore, they flaunted luxurious existence and promised enormous returns earlier than blocking withdrawals and vanishing in 2023.

    The rugby participant will serve his 30-month sentence in federal jail. He was additionally ordered to pay restitution, although authorities didn’t specify the total reimbursement plan.

    Day by day Debrief Publication

    Begin day by day with the highest information tales proper now, plus unique options, a podcast, movies and extra.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    BlockDAG Goes World Whereas AVAX Eyes $50 and BNB Holds $1,000: Which Is the Prime Crypto to Purchase In the present day?

    September 27, 2025

    Research Finds Chimpers The Most Adopted NFT On Social Media

    September 27, 2025

    Crypto Suffers Practically $1 Billion In Liquidations As Bitcoin Extends Decline

    September 27, 2025

    XRP Information Insane 63,500% Liquidation Imbalance, Ethereum and Bitcoin Plunge in $400 Million Massacre, 2 Billion Dogecoin Purchased in 48 Hours — Crypto Information Digest – U.As we speak

    September 27, 2025
    Latest Posts

    Curve Founder Michael Egorov Launches Yield Foundation to Enhance Bitcoin On-Chain Yields

    September 27, 2025

    Crypto Suffers Practically $1 Billion In Liquidations As Bitcoin Extends Decline

    September 27, 2025

    XRP Information Insane 63,500% Liquidation Imbalance, Ethereum and Bitcoin Plunge in $400 Million Massacre, 2 Billion Dogecoin Purchased in 48 Hours — Crypto Information Digest – U.As we speak

    September 27, 2025

    Bitcoin’s 2025 cycle dip mirrors 2017 – may $200k be subsequent?

    September 27, 2025

    Will Bitcoin End the Month Above $105K? Merchants Are Shedding Religion – Decrypt

    September 27, 2025

    Bitcoin capped under $110K as gold, shares rally: What’s holding BTC again?

    September 27, 2025

    Bitcoin’s $1M Forecast Sparks Rotation Into Bitcoin Hyper for Larger Upside

    September 27, 2025

    The Mobility Benefit: Why Bitcoin’s Portability Makes It Superior To Conventional Gold

    September 27, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Actor Ben McKenzie Reveals Crypto Documentary 'Everybody Is Mendacity to You for Cash' – Decrypt

    May 3, 2025

    Coinbase, MicroStrategy and Different Crypto Corporations ‘Snubbed’ by S&P World: VanEck Govt – The Each day Hodl

    March 10, 2025

    Czech central financial institution provides Coinbase to portfolio, boosts Palantir holdings

    July 13, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.