In short
- Shane Donovan Moore, a former Semi-Pro Rugby player, was sentenced to 30 months in prison for cheating more than 40 investors from $ 900,000 via a fake crypto-mining schedule.
- Moore promised 1% daily return from my equipment that did not exist, with the help of investor money to finance a lush lifestyle and to repay earlier victims in the typical Ponzi -fashion.
- Judge Tana Lin explicitly mentioned the emotional and psychological damage that Moore caused to his victims.
A former semi-Pro rugby player who promised daily returns of a crypto-mining company that never existed has been sentenced to two and a half years in the federal prison.
Shane Donovan Moore operated Quantum Donovan LLC from January 2021 to October 2022, in which he endangered more than 40 investors from more than $ 900,000, according to the Thursday of the Ministry of Justice rack.
Moore claimed that the money would be used to buy Crypto -mining Rigs that would generate 1% daily return.
But instead of buying mining installations, he has led investor money on his personal accounts to finance a lush lifestyle, such as buying luxury apartments, designer luggage and electronics, while using some money to pay earlier investors and running the Ponzi Scam.
“Moore used the novelty of cryptocurrency to commit an age-old fraud-a ponzi schedule,” said acting American lawyer Luthy Miller. “He left a path of damaged relationships in his wake.”
The 37-year-old rugby player in Seattle focused on fellow rugby players in Washington, Utah, Oregon, Connecticut and New Jersey and exploited personal confidence to recruit victims who lost more than $ 387,000.
To maintain the illusion, Moore used part of the investor money to buy crypto and repay small amounts to early participants, who helped in recruiting extra victims, according to the statement.
The American district judge Tana Lin noted during condemning that Moore caused “emotional and psychological damage to the victims” outside of financial damage.
“This scams runs on false hope and a high efficiency” Decrypt. “The only thing that changes is the face of the scammer … and the victim, who is greedy enough to yolo their life horses.”
Over $ 2.17 billion in crypto Has already been stolen this year and all 2024 surpassed, according to blockchain analysis firm chainalysis’ 2025 Midden-Year Crypto Crime Report.
Moore’s condemnation comes in the midst of a broader performance against crypto investment fraud.
Last month two managers were taxed behind Omegapro Run one $ 650 million Global Ponzi Disguised as a Forex Crypto platform.
Just like Moore, they showed up with a luxury lifestyle and promised enormous returns before blocking and disappearing recordings in 2023.
The rugby player will serve his 30 -month prison sentence in the federal prison. He was also instructed to pay a refund, although the authorities did not specify the full reimbursement plan.
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