California Man Gets 70 Months in Prison for $260 Million Crypto Scam
BeInCrypto
Evan Tangeman was sentenced to 70 months in prison for laundering millions of dollars linked to a $263 million cryptocurrency theft.Summary
Evan Tangeman, a 22-year-old from Newport Beach, California, has been sentenced to 70 months in federal prison for his role in laundering money from a $263 million cryptocurrency heist. Operating as part of a multi-state criminal enterprise, Tangeman converted stolen Bitcoin into fiat currency and helped co-conspirators purchase luxury real estate and vehicles. The group used social engineering to drain over 4,100 Bitcoin from a victim, financing an extravagant lifestyle that included high-end cars, expensive watches, and massive nightclub expenditures. Tangeman is the ninth individual to plead guilty in the ongoing RICO case, as federal prosecutors continue to target the broader criminal network.
(Source：BeInCrypto)