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Chirag Tomar, an Indian national, has been handed a 60-month prison sentence in the United States for his role in a massive $20 million cryptocurrency scam. This scheme involved a fake Coinbase website that tricked over 1,000 victims.

Scam Details 📝

Phony Coinbase website

Bogus cryptocurrency investment schemes

Over $20 million swindled from investors 💸

Sentencing ⚖️

5 years in prison

2 years of supervised release

Restitution ordered to the victims

Charges 📄

Conspiracy to commit wire fraud

Wire fraud

Investigation 🔍

The FBI led the investigation, collaborating with other federal agencies.

US Attorney’s Statement 🗣️

“This sentence is a stark reminder to those who seek to exploit innocent investors through deceitful scams.”

Expert Insights 💡

“This case underscores the necessity of verifying a website's authenticity before engaging in any cryptocurrency investments.”

Conclusion 📝

Tomar's sentence should serve as a cautionary tale for scammers. Stay alert and always verify before making any investments!

Statistics 📊

Over 1,000 victims

$20 million stolen

5 years in prison

Prevention Tips 🚨

Always verify website authenticity

Research thoroughly before investing

Report any suspicious activities

Join the Conversation 💬

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