The U.S. Division of Justice says a 22-year-old California man has been sentenced for his position in $263 million crypto crime enterprise.
The DOJ says Evan Tangeman of Newport Seaside pleaded responsible to laundering not less than $3.5 million of stolen digital property.
Tangeman, recognized on-line as “E,” “Tate,” and “Evan|Exchanger,” transformed stolen cryptocurrency into money.
He rented luxurious houses whereas receiving unique vehicles as fee, together with a Lamborghini Urus organized by a co-defendant. Brokers seized a Rolls-Royce Ghost and a Porsche GT3 RS from his dwelling.
U.S. Lawyer Jeanine Ferris Pirro stated the scheme confirmed “greed so brazen it borders on the cartoonish.”
Members spent the stolen cash on nightclub tabs as much as $500,000 a night, luxurious watches, purses, clothes, non-public jets, safety guards, and unique vehicles.
The enterprise started no later than October 2023 and ran by not less than Might 2025.
It began with friendships fashioned on on-line gaming platforms and included members in California, Connecticut, New York, Florida, and overseas.
Tangeman will spend 70 months in jail with three years of supervised launch.
He’s the ninth particular person to plead responsible within the case.
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