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Saipan woman gets 71 months in prison for bitcoin fraud targeting senior victims

The Block
A Saipan woman named Sze Man Yu Inos was sentenced to 71 months in prison for a bitcoin investment fraud targeting elderly victims.

Summary

Sze Man Yu Inos, also known as "Yuki," has been sentenced to 71 months in federal prison for orchestrating a wire fraud scheme. Between 2020 and 2022, the 30-year-old targeted elderly women in Saipan, Guam, Washington, and California by falsely claiming to be a wealthy bitcoin investor. She exploited personal relationships to solicit funds, resulting in significant financial losses. In addition to her prison term, she was ordered to pay $769,355 in restitution and a $684,848 personal money judgment.

(Source:The Block)