Miami Criminals Face 30 Years In Prison After Crypto Scheme

Miami criminals face 30 years in prison after running a crypto scheme according to recent reports coming from the US DOJ Office.

The United States Department of Justice (DOJ) accused three Miami individuals – Esteban Cabrera Da Corte, Luis Hernandez Gonzalez, and Asdrubal Ramirez Meza – with defrauding banks and a cryptocurrency platform for more than $4 million.

The guys used forged IDs to purchase digital assets, then lied to banking institutions about the transactions to make more money. Now, the Miami criminals face 30 years in prison for their crimes.

Stop The Scam

The arrest of Miami residents Da Corte, Gonzalez, and Meza was just revealed by American officials. Those accused of purchasing digital assets from a cryptocurrency exchange using stolen initials filed a refund request with banks after the transactions were carried out without the requisite authorization.

“As alleged, Esteban Cabrera Da Corte, Luis Hernandez Gonzalez, and Asdrubal Ramirez Meza used stolen identities to buy cryptocurrencies and then doubled down by disputing the transactions, deceiving US banks into believing that they themselves were the victims of someone else’s fraud. Thanks to the efforts of HSI’s El Dorado Task Force, their duplicity has been uncovered, and they now face serious federal charges,” US Attorney Damian Williams stated.

They processed almost $4 million in false reversals throughout the course of their crime, while the unnamed cryptocurrency exchange lost over $3.5 million in digital assets.

However, Homeland Security Investigations (HSI) recognized the infraction and coordinated the men’s arrest. The company promised to keep working in that manner and to stop any future crypto scams:

“Today’s arrests demonstrate how HSI, along with the US Secret Service and our partners at the Southern District of New York, will continue to work together to leverage the transparency of cryptocurrency transactions to follow the trail of illicit funds and pierce the veil of anonymity.”

The United States Department of Justice accused Da Corte, Gonzalez, and Meza with conspiracy to conduct wire and bank fraud as well as aggravated identity theft. The highest term they might receive is 30 years in prison.

Similar Case From Las Vegas

Joy Kovar and her son Brent Kovar are another example of cryptocurrency fraudsters working together. The Securities and Exchange Commission (SEC) won a temporary restraining order against the 86-year-old woman and the 54-year-old male last year after they stole over $12 million from over 270 investors.

The family enticed others to invest in Profit Connect Wealth Services, a firm situated in Las Vegas. The pair guaranteed substantial profits to anybody who invested in digital assets via the site. The con artists even persuaded the victims that the company employs an “artificial intelligence supercomputer,” and so their investments are secure.

Needless to say, the pair kept the money and used it to purchase expensive stuff. They even acquired a home.

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