A Miami man who fleeced victims out of nearly $1 million in a fraudulent cryptocurrency investment scheme has been sentenced to over 5 years in federal prison.
30-year old Ryan James Crawford lured investors by portraying himself as a savvy crypto entrepreneur and stockbroker who had made tens of millions from similar opportunities.
Keypoints
- Ryan James Crawford, 30, from Miami was sentenced to 5.5 years in prison for a fraudulent crypto scheme.
- He was ordered to forfeit nearly $1 million that he obtained from victims.
- Crawford falsely claimed to be a successful stockbroker and crypto entrepreneur who could make people rich.
- He tricked victims into investing $1 million by lying about having an AI trading software and ability to repay.
- Instead Crawford used funds on luxury rentals, gambling, and other personal uses rather than investing or repaying victims.
Crawford claimed he had developed an advanced AI trading software that “never…
