Texas Man Behind $20 Million Crypto Scam Gets 23 Years in Federal Prison From Illinois Judge

Texas man behind $20 million crypto scam gets 23 years in federal prison from Illinois judge

An Illinois judge has sentenced a Texas man to more than two decades in federal prison for orchestrating a $20 million cryptocurrency scam.

Robert Dunlap Sentenced to 23 Years in $20 Million Crypto Fraud Case

Robert Dunlap got 23 years after the Meta-1 Coin fraud caused $20 million in investor losses. Prosecutors said fake gold, art, and audit claims were used to sell Meta-1 Coin. The court ordered restitution after nearly 1,000 investors were misled by the scheme. Federal prosecutors have secured a 23-year prison sentence against Robert Dunlap in a crypto scam tied to Meta-1 Coin. The United States Department of Justice said the fraud caused more th…

Man gets 23-years in prison for $20M Meta-1 Coin crypto fraud - CoinCodeCap

A US federal judge has handed down a 23-year prison term to a Texas man whose years-long cryptocurrency fraud operation –Meta-1 Coin Trust– drained more than $20 million from hundreds of unsuspecting investors. U.S. District Judge LaShonda A. Hunt of the Northern District of Illinois delivered the sentence against Robert Dunlap this week. The court additionally ordered Dunlap to pay restitution to the nearly 1,000 people his scheme left financia…

Picasso, Dali and Van Gogh Used in Houston Crypto Scam That Promised Billions in False Backing

A Houston man has been sentenced to 23 years in federal prison for operating a cryptocurrency investment scheme that prosecutors say defrauded nearly 1,000 people.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!).Robert Dunlap, 55, was convicted last year by a federal jury in the Northern District of Illinois on mail fraud charges, according to reporting by DallasExpress. He ran an investment program called th…

Houston hustler gets 23 years for peddling phantom gold and Picasso-backed crypto dreams

In a federal court in Illinois, an alleged scammer who is a native Texan has been handed down a sentence of more than two decades in federal prison for a massive crypto scam worth $20 million. Robert Dunlap, a 55-year-old Houston entrepreneur, spun a tale too good to ignore. Between 2018 and 2023, Dunlap portrayed himself as the trustee of the Meta-1 Coin Trust, promoting his digital coin as one that was guaranteed by immense assets: $44 billion…

Key Figure Behind $20 Million Meta-1 Coin Fraud Receives 23 Years – #CryptoUpdatesGNIT

A Texas man found guilty of helping orchestrate a cryptocurrency scam project that defrauded $20 million from nearly 1,000 investors has been sentenced to 23 years behind bars by a US judge on Tuesday. US District Judge LaShonda Hunt sentenced Robert Dunlap, who served as a trustee of the project that sold the fictional token Meta-1 Coin, to prison and ordered him to pay restitution to victims of the fraud, according to the Illinois US Attorney’…