Daniel Chartraw Convicted in Nearly $1M Cryptocurrency Investment Fraud Scheme

According to the U.S. Attorney's Office for the Eastern District of California, a federal jury found Daniel Chartraw, 53, guilty following an eight-day trial on June 23. Chartraw orchestrated cryptocurrency and investment fraud schemes that cost investors nearly $1 million through Crypto-Pal LLC and TDA Global LLC between March 2021 and February 2022. Prosecutors said he used aliases, fabricated account statements, and false guarantees of high returns with no risk to deceive investors. Chartraw controlled investor accounts without authorization and diverted funds to personal accounts. He is scheduled for sentencing on September 28, 2026, facing a maximum penalty of 20 years in prison and $250,000 fine per count.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments