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News Explorer — Ohio Investment Manager Sentenced to 9 Years in Prison for $10 Million Bitcoin Trading Ponzi Scheme

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May 19, 10:16 am
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Ohio Investment Manager Sentenced to 9 Years in Prison for $10 Million Bitcoin Trading Ponzi Scheme

Rathnakishore Giri, an Ohio investment manager, has been sentenced to nine years in prison for running a $10 million cryptocurrency Ponzi scheme. Giri used new investors' money to pay off earlier participants, presenting a false image of wealth with luxury cars and extravagant lifestyle.

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