Clucoin Founder Sentenced to 27 Months for $1.14M Crypto Fraud

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The founder of Clucoin, Austin Michael Taylor, was sentenced to 27 months in prison for wire fraud, followed by three years of supervised release, and ordered to pay $1.14 million in restitution and forfeitures. Taylor, 41, from Sykesville, Maryland, used his social media influence to promote Clucoin, a Miami-based cryptocurrency project under his company, CLU […]

Source: Bitcoin News

#NewsBytes, #FBI, #Fraud

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