Ohio Crypto Manager Gets Nine Years for $10M Ponzi Scheme

Judge presiding over an Ohio crypto Ponzi sentencing; defendant in a suit, documents and a digital ledger on the table.

Rathnakishore Giri, a 31-year-old investment manager from New Albany, Ohio, was sentenced to nine years in federal prison and three years of supervised release for running a cryptocurrency Ponzi scheme that defrauded investors of about $10 million. The sentence closes a criminal case built around false promises of Bitcoin derivatives trading, principal protection and guaranteed […]