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News Explorer — Judge in SEC's Ripple Case Sentences Crypto Ponzi Scheme Creators to Prison

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Jan 28, 7:28 pm
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Judge in SEC's Ripple Case Sentences Crypto Ponzi Scheme Creators to Prison

Judge Analisa Torres, known for her XRP ruling, sentenced a crypto Ponzi scheme promoter to 30 months in prison for defrauding investors of $8.4 million. The sentencing follows the SEC's appeal challenging Torres' distinction between institutional and retail sales of XRP.

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